BBBL vs. BIL
Compare and contrast key facts about Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
BBBL and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBBL is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg U.S. Corporate BBB 10+ Year Index - Benchmark TR Gross. It was launched on Jan 23, 2024. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both BBBL and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BBBL or BIL.
Key characteristics
| BBBL | BIL | |
|---|---|---|
| Daily Std Dev | 10.12% | 0.26% |
| Max Drawdown | -7.11% | -0.77% |
| Current Drawdown | -4.80% | 0.00% |
Correlation
The correlation between BBBL and BIL is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BBBL vs. BIL - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BBBL vs. BIL - Expense Ratio Comparison
BBBL has a 0.19% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BBBL vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) and SPDR Barclays 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.
Not enough dataDividends
BBBL vs. BIL - Dividend Comparison
BBBL's dividend yield for the trailing twelve months is around 4.19%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BBBL Bondbloxx BBB Rated 10+ Year Corporate Bond ETF | 4.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
BBBL vs. BIL - Drawdown Comparison
The maximum BBBL drawdown since its inception was -7.11%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for BBBL and BIL. For additional features, visit the drawdowns tool.
Volatility
BBBL vs. BIL - Volatility Comparison
Bondbloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) has a higher volatility of 3.96% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that BBBL'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.