BIL vs. GBIL
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL).
BIL and GBIL 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. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. Both BIL and GBIL 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 GBIL.
Key characteristics
| BIL | GBIL | |
|---|---|---|
| YTD Return | 1.69% | 1.56% |
| 1Y Return | 5.25% | 5.08% |
| 3Y Return (Ann) | 2.65% | 2.47% |
| 5Y Return (Ann) | 1.92% | 1.94% |
| Sharpe Ratio | 19.76 | 4.56 |
| Daily Std Dev | 0.27% | 1.11% |
| Max Drawdown | -0.77% | -0.76% |
| Current Drawdown | 0.00% | -0.41% |
Correlation
The correlation between BIL and GBIL is 0.28, 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. GBIL - Performance Comparison
In the year-to-date period, BIL achieves a 1.69% return, which is significantly higher than GBIL's 1.56% return. 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. GBIL - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is higher than GBIL's 0.12% 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. GBIL - 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 Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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. GBIL - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 5.13%, more than GBIL's 4.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 4.96% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
Drawdowns
BIL vs. GBIL - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, roughly equal to the maximum GBIL drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for BIL and GBIL. For additional features, visit the drawdowns tool.
Volatility
BIL vs. GBIL - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.08%, while Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) has a volatility of 1.10%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.