BBN vs. BIL
Compare and contrast key facts about BlackRock Taxable Municipal Bond Trust (BBN) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
BBN is an actively managed fund by BlackRock. It was launched on Aug 27, 2010. 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.
Performance
BBN vs. BIL - Performance Comparison
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BBN vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 0.89% | 8.59% | 6.01% | 3.55% | -31.02% | 2.68% | 16.95% | 22.78% | -2.86% | 15.03% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
The year-to-date returns for both stocks are quite close, with BBN having a 0.89% return and BIL slightly lower at 0.85%. Over the past 10 years, BBN has outperformed BIL with an annualized return of 3.09%, while BIL has yielded a comparatively lower 2.12% annualized return.
BBN
- 1D
- 3.06%
- 1M
- -2.75%
- YTD
- 0.89%
- 6M
- 0.95%
- 1Y
- 4.10%
- 3Y*
- 3.56%
- 5Y*
- -1.68%
- 10Y*
- 3.09%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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BBN vs. BIL - Expense Ratio Comparison
BBN has a 2.32% expense ratio, which is higher than BIL's 0.14% expense ratio.
Return for Risk
BBN vs. BIL — Risk / Return Rank
BBN
BIL
BBN vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Taxable Municipal Bond Trust (BBN) 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.
| BBN | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 19.52 | -19.13 |
Sortino ratioReturn per unit of downside risk | 0.60 | 254.04 | -253.44 |
Omega ratioGain probability vs. loss probability | 1.08 | 180.28 | -179.20 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 365.54 | -364.90 |
Martin ratioReturn relative to average drawdown | 1.38 | 4,104.04 | -4,102.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BBN | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 19.52 | -19.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 12.54 | -12.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 8.22 | -8.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 2.72 | -2.32 |
Correlation
The correlation between BBN and BIL is 0.00, 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.
Dividends
BBN vs. BIL - Dividend Comparison
BBN's dividend yield for the trailing twelve months is around 7.18%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBN BlackRock Taxable Municipal Bond Trust | 7.18% | 7.01% | 6.92% | 7.16% | 7.91% | 5.45% | 5.05% | 5.66% | 7.09% | 6.82% | 7.32% | 7.54% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
BBN vs. BIL - Drawdown Comparison
The maximum BBN drawdown since its inception was -38.37%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BBN and BIL.
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Drawdown Indicators
| BBN | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -0.78% | -37.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -0.01% | -7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -38.37% | -0.12% | -38.25% |
Max Drawdown (10Y)Largest decline over 10 years | -38.37% | -0.21% | -38.16% |
Current DrawdownCurrent decline from peak | -18.37% | 0.00% | -18.37% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -0.26% | -9.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 0.00% | +3.47% |
Volatility
BBN vs. BIL - Volatility Comparison
BlackRock Taxable Municipal Bond Trust (BBN) has a higher volatility of 4.16% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that BBN'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
| BBN | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 0.05% | +4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 6.96% | 0.14% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.57% | 0.21% | +10.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 0.26% | +15.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 0.26% | +14.88% |