BCKT vs. BIL

Last updated Jun 23, 2026

BCKT (LifeX 2030 Income Bucket ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both Government Bonds funds. BCKT is actively managed, while BIL is passively managed. At a correlation of -0.13, they often move in opposite directions. BCKT charges 0.25%/yr vs 0.14%/yr for BIL.

Performance

BCKT vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LifeX 2030 Income Bucket ETF (BCKT) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCKT achieves a 0.24% return, which is significantly lower than BIL's 1.66% return.

BCKT

• 1D: -0.11%
• 1M: 0.11%
• YTD: 0.24%
• 6M: 0.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.66%
• 6M: 1.75%
• 1Y: 3.85%
• 3Y*: 4.60%
• 5Y*: 3.45%
• 10Y*: 2.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCKT vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025
BCKT LifeX 2030 Income Bucket ETF	0.24%	1.09%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.66%	1.04%

Correlation

The correlation between BCKT and BIL is -0.13, 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 (All Time) Calculated using the full available price history since Sep 24, 2025	-0.13

Return for Risk

BCKT vs. BIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCKT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCKT vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LifeX 2030 Income Bucket ETF (BCKT) 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.

	BCKT	BIL	Difference
Sharpe ratio: Return per unit of total volatility	—	19.37	—
Sortino ratio: Return per unit of downside risk	—	173.17	—
Omega ratio: Gain probability vs. loss probability	—	87.41	—
Calmar ratio: Return relative to maximum drawdown	—	353.28	—
Martin ratio: Return relative to average drawdown	—	2,801.35	—

Drawdowns

BCKT vs. BIL - Drawdown Comparison

The maximum BCKT drawdown since its inception was -1.00%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BCKT and BIL.

Drawdown Indicators

	BCKT	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-1.00%	-0.78%	-0.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-0.28%	-0.26%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	BCKT	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.57%	0.20%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.57%	0.26%	+1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	0.26%	+1.31%

BCKT vs. BIL - Expense Ratio Comparison

BCKT has a 0.25% 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%.

Dividends

BCKT vs. BIL - Dividend Comparison

BCKT's dividend yield for the trailing twelve months is around 17.97%, more than BIL's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BCKT LifeX 2030 Income Bucket ETF	17.97%	5.36%	0.00%	0.00%	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

Can I hold both BCKT and BIL in my portfolio?

BCKT and BIL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCKT or BIL?

On fees, BIL is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCKT or BIL?

BIL is cheaper with a 0.14% expense ratio, compared with 0.25% for BCKT.

Which ETF pays a higher dividend yield, BCKT or BIL?

BCKT has the higher dividend yield at 17.97%, compared with 3.85% for BIL.

What is the main difference between BCKT and BIL?

They also come from different issuers: Stone Ridge and State Street. Their fees differ too: 0.25% for BCKT and 0.14% for BIL.