BIL vs. BNDD
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Quadratic Deflation ETF (BNDD).
BIL and BNDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BNDD is an actively managed fund by Quadratic. It was launched on Sep 16, 2021.
Performance
BIL vs. BNDD - Performance Comparison
Loading graphics...
BIL vs. BNDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.88% | 4.15% | 5.19% | 4.94% | 1.40% | -0.02% |
BNDD Quadratic Deflation ETF | 3.43% | -8.17% | -6.65% | 4.02% | -17.48% | 5.54% |
Returns By Period
In the year-to-date period, BIL achieves a 0.88% return, which is significantly lower than BNDD's 3.43% return.
BIL
- 1D
- 0.03%
- 1M
- 0.30%
- YTD
- 0.88%
- 6M
- 1.84%
- 1Y
- 4.00%
- 3Y*
- 4.71%
- 5Y*
- 3.28%
- 10Y*
- 2.13%
BNDD
- 1D
- 0.21%
- 1M
- -0.46%
- YTD
- 3.43%
- 6M
- 0.20%
- 1Y
- -5.98%
- 3Y*
- -4.56%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BIL vs. BNDD - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than BNDD's 1.04% expense ratio.
Return for Risk
BIL vs. BNDD — Risk / Return Rank
BIL
BNDD
BIL vs. BNDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Quadratic Deflation ETF (BNDD). 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.
| BIL | BNDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 19.52 | -0.49 | +20.00 |
Sortino ratioReturn per unit of downside risk | 254.20 | -0.58 | +254.78 |
Omega ratioGain probability vs. loss probability | 180.39 | 0.93 | +179.46 |
Calmar ratioReturn relative to maximum drawdown | 368.00 | -0.45 | +368.45 |
Martin ratioReturn relative to average drawdown | 4,131.71 | -0.68 | +4,132.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BIL | BNDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.52 | -0.49 | +20.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 12.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.73 | -0.35 | +3.08 |
Correlation
The correlation between BIL and BNDD is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BIL vs. BNDD - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 3.96%, more than BNDD's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 3.96% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
BNDD Quadratic Deflation ETF | 3.63% | 3.82% | 3.85% | 4.30% | 43.17% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIL vs. BNDD - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, smaller than the maximum BNDD drawdown of -30.87%. Use the drawdown chart below to compare losses from any high point for BIL and BNDD.
Loading graphics...
Drawdown Indicators
| BIL | BNDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | -30.87% | +30.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -10.93% | +10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -0.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -27.13% | +27.13% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -19.04% | +18.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 7.27% | -7.27% |
Volatility
BIL vs. BNDD - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.06%, while Quadratic Deflation ETF (BNDD) has a volatility of 3.47%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than BNDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BIL | BNDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 3.47% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 8.07% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 12.39% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 13.55% | -13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 13.55% | -13.29% |