BIL vs. SHY
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and iShares 1-3 Year Treasury Bond ETF (SHY).
BIL and SHY 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. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. Both BIL and SHY 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 SHY.
Performance
BIL vs. SHY - Performance Comparison
Returns By Period
In the year-to-date period, BIL achieves a 4.71% return, which is significantly higher than SHY's 3.27% return. Over the past 10 years, BIL has outperformed SHY with an annualized return of 1.57%, while SHY has yielded a comparatively lower 1.17% annualized return.
BIL
4.71%
0.41%
2.52%
5.26%
2.28%
1.57%
SHY
3.27%
-0.14%
2.83%
4.79%
1.17%
1.17%
Key characteristics
| BIL | SHY | |
|---|---|---|
| Sharpe Ratio | 20.34 | 2.56 |
| Sortino Ratio | 271.27 | 4.07 |
| Omega Ratio | 157.62 | 1.52 |
| Calmar Ratio | 479.70 | 2.21 |
| Martin Ratio | 4,417.81 | 12.40 |
| Ulcer Index | 0.00% | 0.39% |
| Daily Std Dev | 0.26% | 1.87% |
| Max Drawdown | -0.77% | -5.71% |
| Current Drawdown | 0.00% | -0.87% |
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BIL vs. SHY - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than SHY'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%.
Correlation
The correlation between BIL and SHY is 0.08, 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.
Risk-Adjusted Performance
BIL vs. SHY - 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 1-3 Year Treasury Bond ETF (SHY). 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. SHY - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 5.15%, more than SHY's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
Drawdowns
BIL vs. SHY - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for BIL and SHY. For additional features, visit the drawdowns tool.
Volatility
BIL vs. SHY - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.08%, while iShares 1-3 Year Treasury Bond ETF (SHY) has a volatility of 0.39%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.