BIL vs. DGRW
BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, BIL returned 2.20%/yr vs 14.13%/yr for DGRW. At a 0.01 correlation, their price movements are largely independent. BIL charges 0.14%/yr vs 0.28%/yr for DGRW.
Performance
BIL vs. DGRW - Performance Comparison
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Returns By Period
In the year-to-date period, BIL achieves a 1.60% return, which is significantly lower than DGRW's 7.88% return. Over the past 10 years, BIL has underperformed DGRW with an annualized return of 2.20%, while DGRW has yielded a comparatively higher 14.13% annualized return.
BIL
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.76%
- 1Y
- 3.85%
- 3Y*
- 4.63%
- 5Y*
- 3.43%
- 10Y*
- 2.20%
DGRW
- 1D
- 0.50%
- 1M
- -0.55%
- YTD
- 7.88%
- 6M
- 7.92%
- 1Y
- 18.88%
- 3Y*
- 15.58%
- 5Y*
- 11.95%
- 10Y*
- 14.13%
BIL vs. DGRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.60% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 7.88% | 12.17% | 16.98% | 18.66% | -6.33% | 24.46% | 13.87% | 29.54% | -5.38% | 26.90% |
Correlation
The correlation between BIL and DGRW is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.01 |
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Return for Risk
BIL vs. DGRW — Risk / Return Rank
BIL
DGRW
BIL vs. DGRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.
| BIL | DGRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +17.87 | ||
| Sortino ratioReturn per unit of downside risk | +172.64 | ||
| Omega ratioGain probability vs. loss probability | 88.41 | 1.32 | +87.08 |
| Calmar ratioReturn relative to maximum drawdown | 357.44 | 2.15 | +355.29 |
| Martin ratioReturn relative to average drawdown | 2,834.34 | 9.28 | +2,825.06 |
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Drawdowns
BIL vs. DGRW - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for BIL and DGRW.
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Drawdown Indicators
| BIL | DGRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | -32.04% | +31.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -8.30% | +8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -16.21% | +16.20% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -17.27% | +17.18% |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | -32.04% | +31.83% |
Current DrawdownCurrent decline from peak | 0.00% | -1.93% | +1.93% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -3.01% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.92% | -1.92% |
Volatility
BIL vs. DGRW - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is 0.06%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 3.41%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIL | DGRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 3.41% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 8.04% | -7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 10.16% | -9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 14.01% | -13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 16.23% | -15.97% |
BIL vs. DGRW - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than DGRW's 0.28% expense ratio.
Dividends
BIL vs. DGRW - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 3.86%, more than DGRW's 1.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
DGRW WisdomTree U.S. Quality Dividend Growth Fund | 1.28% | 1.43% | 1.55% | 1.74% | 2.15% | 1.78% | 1.93% | 2.20% | 2.42% | 1.71% | 2.13% | 2.18% |
Frequently Asked Questions
BIL and DGRW have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGRW has higher volatility (3.41%) compared to BIL (0.06%). In terms of maximum drawdown, BIL dropped -0.78% vs DGRW's -32.04%.
On 10-year performance, DGRW leads with 14.13% vs 2.20% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DGRW has performed better with a 14.13% return vs 2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.28% for DGRW.
BIL has the higher dividend yield at 3.86%, compared with 1.28% for DGRW.
BIL is categorized as Government Bonds, while DGRW is Dividend. BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.14% for BIL and 0.28% for DGRW.
BIL currently has the higher Sharpe Ratio (19.63 vs 1.76), 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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