BIL vs. BSV
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Vanguard Short-Term Bond ETF (BSV).
BIL and BSV 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. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both BIL and BSV 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: BIL or BSV.
Key characteristics
| BIL | BSV | |
|---|---|---|
| YTD Return | 1.69% | -0.64% |
| 1Y Return | 5.25% | 2.06% |
| 3Y Return (Ann) | 2.65% | -0.71% |
| 5Y Return (Ann) | 1.92% | 1.03% |
| 10Y Return (Ann) | 1.26% | 1.26% |
| Sharpe Ratio | 19.76 | 0.59 |
| Daily Std Dev | 0.27% | 2.96% |
| Max Drawdown | -0.77% | -8.54% |
| Current Drawdown | 0.00% | -2.67% |
Correlation
The correlation between BIL and BSV is 0.07, 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
BIL vs. BSV - Performance Comparison
In the year-to-date period, BIL achieves a 1.69% return, which is significantly higher than BSV's -0.64% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: BIL at 1.26% and BSV at 1.26%. 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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BIL vs. BSV - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is higher than BSV's 0.04% 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
BIL vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Vanguard Short-Term Bond ETF (BSV). 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.
Dividends
BIL vs. BSV - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 5.13%, more than BSV's 2.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.13% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
BSV Vanguard Short-Term Bond ETF | 2.76% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% | 1.45% | 1.48% |
Drawdowns
BIL vs. BSV - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, smaller than the maximum BSV drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for BIL and BSV. For additional features, visit the drawdowns tool.
Volatility
BIL vs. BSV - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.08%, while Vanguard Short-Term Bond ETF (BSV) has a volatility of 0.79%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.