BIL vs. LTPZ
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and PIMCO 15+ Year US TIPS Index ETF (LTPZ).
BIL and LTPZ 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. LTPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury (15+ Y). It was launched on Sep 3, 2009. Both BIL and LTPZ 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 LTPZ.
Key characteristics
| BIL | LTPZ | |
|---|---|---|
| YTD Return | 1.69% | -6.50% |
| 1Y Return | 5.25% | -10.90% |
| 3Y Return (Ann) | 2.65% | -9.61% |
| 5Y Return (Ann) | 1.92% | -1.06% |
| 10Y Return (Ann) | 1.26% | 1.23% |
| Sharpe Ratio | 19.76 | -0.71 |
| Daily Std Dev | 0.27% | 16.07% |
| Max Drawdown | -0.77% | -40.99% |
| Current Drawdown | 0.00% | -36.74% |
Correlation
The correlation between BIL and LTPZ is 0.01, 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. LTPZ - Performance Comparison
In the year-to-date period, BIL achieves a 1.69% return, which is significantly higher than LTPZ's -6.50% return. Both investments have delivered pretty close results over the past 10 years, with BIL having a 1.26% annualized return and LTPZ not far behind at 1.23%. 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. LTPZ - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than LTPZ's 0.20% expense ratio. Despite the difference, 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. LTPZ - 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 PIMCO 15+ Year US TIPS Index ETF (LTPZ). 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. LTPZ - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 5.13%, more than LTPZ's 4.12% 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% |
LTPZ PIMCO 15+ Year US TIPS Index ETF | 4.12% | 3.71% | 8.38% | 3.56% | 1.42% | 1.74% | 3.80% | 2.25% | 2.32% | 0.71% | 1.77% | 1.28% |
Drawdowns
BIL vs. LTPZ - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, smaller than the maximum LTPZ drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for BIL and LTPZ. For additional features, visit the drawdowns tool.
Volatility
BIL vs. LTPZ - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.08%, while PIMCO 15+ Year US TIPS Index ETF (LTPZ) has a volatility of 3.84%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than LTPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.