BBIB vs. BIL
BBIB (JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both Government Bonds funds - BBIB tracks the ICE BofA US Treasury Bond (3-10 Y) while BIL tracks the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 3 years, BBIB returned 3.55%/yr vs 4.60%/yr for BIL. At a correlation of -0.03, they often move in opposite directions. BBIB charges 0.04%/yr vs 0.14%/yr for BIL.
Performance
BBIB vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, BBIB achieves a -0.38% return, which is significantly lower than BIL's 1.67% return.
BBIB
- 1D
- 0.12%
- 1M
- 0.32%
- YTD
- -0.38%
- 6M
- -0.23%
- 1Y
- 2.74%
- 3Y*
- 3.55%
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.67%
- 6M
- 1.76%
- 1Y
- 3.84%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
BBIB vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF | -0.38% | 7.44% | 1.28% | 1.38% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.67% | 4.15% | 5.19% | 3.62% |
Correlation
The correlation between BBIB and BIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2023 | -0.03 |
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Return for Risk
BBIB vs. BIL — Risk / Return Rank
BBIB
BIL
BBIB vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) 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.
| BBIB | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.51 | ||
| Sortino ratioReturn per unit of downside risk | -171.44 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 87.16 | -86.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 352.24 | -351.26 |
| Martin ratioReturn relative to average drawdown | 2.64 | 2,793.11 | -2,790.47 |
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Drawdowns
BBIB vs. BIL - Drawdown Comparison
The maximum BBIB drawdown since its inception was -6.36%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BBIB and BIL.
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Drawdown Indicators
| BBIB | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.36% | -0.78% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -0.01% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -4.31% | -0.01% | -4.30% |
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 | -2.01% | 0.00% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -0.26% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 0.00% | +1.04% |
Volatility
BBIB vs. BIL - Volatility Comparison
JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) has a higher volatility of 1.06% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that BBIB'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.
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Volatility by Period
| BBIB | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.07% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 2.50% | 0.14% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 0.20% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 0.26% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 0.26% | +4.47% |
BBIB vs. BIL - Expense Ratio Comparison
BBIB has a 0.04% expense ratio, which is lower than BIL's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BBIB vs. BIL - Dividend Comparison
BBIB's dividend yield for the trailing twelve months is around 3.91%, more than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF | 3.91% | 3.95% | 3.76% | 2.69% | 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
BBIB and BIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBIB has higher volatility (1.06%) compared to BIL (0.07%). In terms of maximum drawdown, BBIB dropped -6.36% vs BIL's -0.78%.
On 3-year performance, BIL leads with 4.60% vs 3.55% for BBIB. On fees, BBIB is cheaper at 0.04% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BIL has performed better with a 4.60% return vs 3.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BBIB is cheaper with a 0.04% expense ratio, compared with 0.14% for BIL.
BBIB has the higher dividend yield at 3.91%, compared with 3.85% for BIL.
BBIB tracks ICE BofA US Treasury Bond (3-10 Y), while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.04% for BBIB and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.32 vs 0.81), 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.
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