BIL vs. PFORX
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX).
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. PFORX is managed by PIMCO. It was launched on Dec 1, 1992.
Performance
BIL vs. PFORX - Performance Comparison
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BIL vs. PFORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.90% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | -1.62% | 4.33% | 5.70% | 9.52% | -10.33% | -1.67% | 6.17% | 7.64% | 2.64% | 3.52% |
Returns By Period
In the year-to-date period, BIL achieves a 0.90% return, which is significantly higher than PFORX's -1.62% return. Over the past 10 years, BIL has underperformed PFORX with an annualized return of 2.13%, while PFORX has yielded a comparatively higher 2.83% annualized return.
BIL
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.90%
- 6M
- 1.83%
- 1Y
- 4.00%
- 3Y*
- 4.71%
- 5Y*
- 3.28%
- 10Y*
- 2.13%
PFORX
- 1D
- -0.10%
- 1M
- -2.31%
- YTD
- -1.62%
- 6M
- -0.69%
- 1Y
- 1.85%
- 3Y*
- 4.85%
- 5Y*
- 1.19%
- 10Y*
- 2.83%
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BIL vs. PFORX - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than PFORX's 0.50% expense ratio.
Return for Risk
BIL vs. PFORX — Risk / Return Rank
BIL
PFORX
BIL vs. PFORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays 1-3 Month T-Bill ETF (BIL) and PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX). 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 | PFORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 19.57 | 0.64 | +18.93 |
Sortino ratioReturn per unit of downside risk | 254.91 | 0.90 | +254.01 |
Omega ratioGain probability vs. loss probability | 180.89 | 1.12 | +179.77 |
Calmar ratioReturn relative to maximum drawdown | 367.86 | 0.59 | +367.27 |
Martin ratioReturn relative to average drawdown | 4,130.10 | 2.54 | +4,127.56 |
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 | PFORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.57 | 0.64 | +18.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 12.56 | 0.34 | +12.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.24 | 0.92 | +7.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.73 | 1.25 | +1.47 |
Correlation
The correlation between BIL and PFORX is 0.00, 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.
Dividends
BIL vs. PFORX - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 3.96%, more than PFORX's 3.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 3.96% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
PFORX PIMCO International Bond Fund (U.S. Dollar-Hedged) | 3.85% | 4.23% | 4.91% | 3.02% | 3.65% | 1.55% | 2.46% | 6.86% | 2.90% | 1.46% | 1.38% | 9.12% |
Drawdowns
BIL vs. PFORX - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, smaller than the maximum PFORX drawdown of -13.87%. Use the drawdown chart below to compare losses from any high point for BIL and PFORX.
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Drawdown Indicators
| BIL | PFORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | -13.87% | +13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -3.99% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -0.11% | -13.71% | +13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | -13.87% | +13.66% |
Current DrawdownCurrent decline from peak | 0.00% | -3.09% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -1.95% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.93% | -0.93% |
Volatility
BIL vs. PFORX - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.06%, while PIMCO International Bond Fund (U.S. Dollar-Hedged) (PFORX) has a volatility of 1.95%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than PFORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIL | PFORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 1.95% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 2.56% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 3.39% | -3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 3.47% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 3.08% | -2.82% |