BIL vs. EPI
BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) and EPI (WisdomTree India Earnings Fund) are both exchange-traded funds - BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index, while EPI is a Asia Pacific Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 10 years, BIL returned 2.19%/yr vs 9.04%/yr for EPI. At a correlation of -0.02, they often move in opposite directions. BIL charges 0.14%/yr vs 0.84%/yr for EPI.
Performance
BIL vs. EPI - Performance Comparison
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Returns By Period
In the year-to-date period, BIL achieves a 1.54% return, which is significantly higher than EPI's -10.46% return. Over the past 10 years, BIL has underperformed EPI with an annualized return of 2.19%, while EPI has yielded a comparatively higher 9.04% annualized return.
BIL
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.54%
- 6M
- 1.78%
- 1Y
- 3.88%
- 3Y*
- 4.62%
- 5Y*
- 3.42%
- 10Y*
- 2.19%
EPI
- 1D
- -0.17%
- 1M
- -5.15%
- YTD
- -10.46%
- 6M
- -7.79%
- 1Y
- -11.22%
- 3Y*
- 7.35%
- 5Y*
- 5.30%
- 10Y*
- 9.04%
BIL vs. EPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.54% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
EPI WisdomTree India Earnings Fund | -10.46% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
Correlation
The correlation between BIL and EPI 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 | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2008 | -0.02 |
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Return for Risk
BIL vs. EPI — Risk / Return Rank
BIL
EPI
BIL vs. EPI - 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 India Earnings Fund (EPI). 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 | EPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.39 | ||
| Sortino ratioReturn per unit of downside risk | +175.67 | ||
| Omega ratioGain probability vs. loss probability | 88.16 | 0.89 | +87.27 |
| Calmar ratioReturn relative to maximum drawdown | 356.40 | -0.67 | +357.07 |
| Martin ratioReturn relative to average drawdown | 2,826.06 | -1.61 | +2,827.66 |
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
| BIL | EPI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.64 | -0.75 | +20.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 13.23 | 0.33 | +12.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.57 | 0.45 | +8.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.78 | 0.13 | +2.65 |
Drawdowns
BIL vs. EPI - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for BIL and EPI.
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Drawdown Indicators
| BIL | EPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | -66.21% | +65.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -16.88% | +16.87% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -21.89% | +21.88% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | -21.89% | +21.80% |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | -50.29% | +50.08% |
Current DrawdownCurrent decline from peak | 0.00% | -18.22% | +18.22% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -18.65% | +18.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 7.00% | -7.00% |
Volatility
BIL vs. EPI - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is 0.06%, while WisdomTree India Earnings Fund (EPI) has a volatility of 4.88%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIL | EPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 4.88% | -4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 12.90% | -12.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 15.03% | -14.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 16.22% | -15.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 20.36% | -20.10% |
BIL vs. EPI - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than EPI's 0.84% expense ratio.
Dividends
BIL vs. EPI - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 3.86%, while EPI has not paid dividends to shareholders.
| 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% |
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
Frequently Asked Questions
BIL and EPI 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.
EPI has higher volatility (4.88%) compared to BIL (0.06%). In terms of maximum drawdown, BIL dropped -0.78% vs EPI's -66.21%.
On 10-year performance, EPI leads with 9.04% vs 2.19% 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, EPI has performed better with a 9.04% return vs 2.19%. 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 0.84% for EPI.
BIL has the higher dividend yield at 3.86%, compared with 0.00% for EPI.
BIL is categorized as Government Bonds, while EPI is Asia Pacific Equities. BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.14% for BIL and 0.84% for EPI.
BIL currently has the higher Sharpe Ratio (19.64 vs -0.75), 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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