BIL vs. SHV
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and iShares Short Treasury Bond ETF (SHV).
BIL and SHV 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. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. Both BIL and SHV 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 SHV.
Correlation
The correlation between BIL and SHV is 0.26, 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. SHV - Performance Comparison
Key characteristics
BIL:
20.81
SHV:
21.00
BIL:
253.38
SHV:
249.92
BIL:
147.29
SHV:
107.01
BIL:
448.79
SHV:
540.72
BIL:
4,119.60
SHV:
4,063.99
BIL:
0.00%
SHV:
0.00%
BIL:
0.24%
SHV:
0.24%
BIL:
-0.77%
SHV:
-0.46%
BIL:
0.00%
SHV:
0.00%
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BIL at 1.04% and SHV at 1.04%. Both investments have delivered pretty close results over the past 10 years, with BIL having a 1.72% annualized return and SHV not far ahead at 1.79%.
BIL
1.04%
0.34%
2.19%
4.89%
2.48%
1.72%
SHV
1.04%
0.35%
2.17%
4.93%
2.40%
1.79%
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BIL vs. SHV - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than SHV's 0.15% 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. SHV — Risk-Adjusted Performance Rank
BIL
SHV
BIL vs. SHV - 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 Short Treasury Bond ETF (SHV). 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. SHV - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 4.78%, which matches SHV's 4.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.78% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
SHV iShares Short Treasury Bond ETF | 4.79% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% |
Drawdowns
BIL vs. SHV - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for BIL and SHV. For additional features, visit the drawdowns tool.
Volatility
BIL vs. SHV - Volatility Comparison
SPDR Barclays 1-3 Month T-Bill ETF (BIL) and iShares Short Treasury Bond ETF (SHV) have volatilities of 0.05% and 0.05%, 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.