BAM vs. BIL
BAM (Brookfield Asset Management Ltd.) is a stock, while BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Over the past 3 years, BAM returned 16.39%/yr vs 4.61%/yr for BIL. At a correlation of -0.05, they often move in opposite directions.
Performance
BAM vs. BIL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAM achieves a -12.51% return, which is significantly lower than BIL's 1.69% return.
BAM
- 1D
- -4.39%
- 1M
- -5.35%
- YTD
- -12.51%
- 6M
- -14.29%
- 1Y
- -16.38%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.74%
- 1Y
- 3.85%
- 3Y*
- 4.61%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
BAM vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | -12.51% | -0.24% | 39.70% | 45.61% | -10.80% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.69% | 4.15% | 5.19% | 4.94% | 0.23% |
Correlation
The correlation between BAM and BIL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BAM vs. BIL — Risk / Return Rank
BAM
BIL
BAM vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd. (BAM) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BAM | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.98 | ||
| Sortino ratioReturn per unit of downside risk | -173.76 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 87.41 | -86.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 353.28 | -353.82 |
| Martin ratioReturn relative to average drawdown | -0.95 | 2,801.36 | -2,802.31 |
Loading charts...
Drawdowns
BAM vs. BIL - Drawdown Comparison
The maximum BAM drawdown since its inception was -30.37%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BAM and BIL.
Loading charts...
Drawdown Indicators
| BAM | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.37% | -0.78% | -29.59% |
Max Drawdown (1Y)Largest decline over 1 year | -30.37% | -0.01% | -30.36% |
Max Drawdown (3Y)Largest decline over 3 years | -30.37% | -0.01% | -30.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -26.32% | 0.00% | -26.32% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -0.26% | -8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.21% | 0.00% | +17.21% |
Volatility
BAM vs. BIL - Volatility Comparison
Brookfield Asset Management Ltd. (BAM) has a higher volatility of 10.15% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that BAM's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAM | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 0.07% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 23.04% | 0.14% | +22.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.08% | 0.20% | +29.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.19% | 0.26% | +29.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.19% | 0.26% | +29.93% |
Dividends
BAM vs. BIL - Dividend Comparison
BAM's dividend yield for the trailing twelve months is around 4.19%, more than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 4.19% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Frequently Asked Questions
BAM and BIL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (10.15%) compared to BIL (0.07%). In terms of maximum drawdown, BAM dropped -30.37% vs BIL's -0.78%.
BIL currently has the higher Sharpe Ratio (19.43 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BAM and BIL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer