BIL vs. SGOV
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and iShares 0-3 Month Treasury Bond ETF (SGOV).
BIL and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both BIL and SGOV 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 SGOV.
Performance
BIL vs. SGOV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with BIL having a 4.71% return and SGOV slightly higher at 4.78%.
BIL
4.71%
0.41%
2.52%
5.26%
2.28%
1.57%
SGOV
4.78%
0.41%
2.55%
5.34%
N/A
N/A
Key characteristics
| BIL | SGOV | |
|---|---|---|
| Sharpe Ratio | 20.34 | 21.75 |
| Sortino Ratio | 271.27 | 522.74 |
| Omega Ratio | 157.62 | 523.74 |
| Calmar Ratio | 479.70 | 536.49 |
| Martin Ratio | 4,417.81 | 8,516.56 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 0.26% | 0.25% |
| Max Drawdown | -0.77% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
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BIL vs. SGOV - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is higher than SGOV's 0.03% 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%.
Correlation
The correlation between BIL and SGOV is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
BIL vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 5.15%, less than SGOV's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIL vs. SGOV - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BIL and SGOV. For additional features, visit the drawdowns tool.
Volatility
BIL vs. SGOV - Volatility Comparison
SPDR Barclays 1-3 Month T-Bill ETF (BIL) and iShares 0-3 Month Treasury Bond ETF (SGOV) have volatilities of 0.08% and 0.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.