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BIL vs. SHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BIL and SHY is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.0

Performance

BIL vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Barclays 1-3 Month T-Bill ETF (BIL) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

20.00%25.00%30.00%35.00%NovemberDecember2025FebruaryMarchApril
24.21%
36.85%
BIL
SHY

Key characteristics

Sharpe Ratio

BIL:

20.50

SHY:

3.71

Sortino Ratio

BIL:

251.65

SHY:

6.55

Omega Ratio

BIL:

146.29

SHY:

1.84

Calmar Ratio

BIL:

445.64

SHY:

6.25

Martin Ratio

BIL:

4,090.73

SHY:

17.97

Ulcer Index

BIL:

0.00%

SHY:

0.34%

Daily Std Dev

BIL:

0.24%

SHY:

1.63%

Max Drawdown

BIL:

-0.77%

SHY:

-5.73%

Current Drawdown

BIL:

0.00%

SHY:

0.00%

Returns By Period

In the year-to-date period, BIL achieves a 1.33% return, which is significantly lower than SHY's 2.04% return. Over the past 10 years, BIL has outperformed SHY with an annualized return of 1.76%, while SHY has yielded a comparatively lower 1.41% annualized return.


BIL

YTD

1.33%

1M

0.32%

6M

2.17%

1Y

4.82%

5Y*

2.54%

10Y*

1.76%

SHY

YTD

2.04%

1M

0.55%

6M

2.53%

1Y

6.14%

5Y*

1.10%

10Y*

1.41%

*Annualized

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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%.


Expense ratio chart for SHY: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SHY: 0.15%
Expense ratio chart for BIL: current value is 0.14%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BIL: 0.14%

Risk-Adjusted Performance

BIL vs. SHY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIL
The Risk-Adjusted Performance Rank of BIL is 100100
Overall Rank
The Sharpe Ratio Rank of BIL is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of BIL is 100100
Sortino Ratio Rank
The Omega Ratio Rank of BIL is 100100
Omega Ratio Rank
The Calmar Ratio Rank of BIL is 100100
Calmar Ratio Rank
The Martin Ratio Rank of BIL is 100100
Martin Ratio Rank

SHY
The Risk-Adjusted Performance Rank of SHY is 9898
Overall Rank
The Sharpe Ratio Rank of SHY is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of SHY is 9999
Sortino Ratio Rank
The Omega Ratio Rank of SHY is 9898
Omega Ratio Rank
The Calmar Ratio Rank of SHY is 9898
Calmar Ratio Rank
The Martin Ratio Rank of SHY is 9797
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for BIL, currently valued at 20.50, compared to the broader market-1.000.001.002.003.004.00
BIL: 20.50
SHY: 3.71
The chart of Sortino ratio for BIL, currently valued at 251.65, compared to the broader market-2.000.002.004.006.008.00
BIL: 251.65
SHY: 6.55
The chart of Omega ratio for BIL, currently valued at 146.29, compared to the broader market0.501.001.502.002.50
BIL: 146.29
SHY: 1.84
The chart of Calmar ratio for BIL, currently valued at 445.64, compared to the broader market0.002.004.006.008.0010.0012.00
BIL: 445.64
SHY: 6.25
The chart of Martin ratio for BIL, currently valued at 4090.73, compared to the broader market0.0020.0040.0060.00
BIL: 4,090.73
SHY: 17.97

The current BIL Sharpe Ratio is 20.50, which is higher than the SHY Sharpe Ratio of 3.71. The chart below compares the historical Sharpe Ratios of BIL and SHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio5.0010.0015.0020.00NovemberDecember2025FebruaryMarchApril
20.50
3.71
BIL
SHY

Dividends

BIL vs. SHY - Dividend Comparison

BIL's dividend yield for the trailing twelve months is around 4.76%, more than SHY's 3.94% yield.


TTM20242023202220212020201920182017201620152014
BIL
SPDR Barclays 1-3 Month T-Bill ETF
4.76%5.03%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%0.00%0.00%
SHY
iShares 1-3 Year Treasury Bond ETF
3.94%3.92%2.99%1.30%0.24%0.94%2.12%1.72%0.98%0.71%0.54%0.36%

Drawdowns

BIL vs. SHY - Drawdown Comparison

The maximum BIL drawdown since its inception was -0.77%, smaller than the maximum SHY drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for BIL and SHY. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%NovemberDecember2025FebruaryMarchApril00
BIL
SHY

Volatility

BIL vs. SHY - Volatility Comparison

The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.07%, while iShares 1-3 Year Treasury Bond ETF (SHY) has a volatility of 0.56%. 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.


0.00%0.10%0.20%0.30%0.40%0.50%0.60%NovemberDecember2025FebruaryMarchApril
0.07%
0.56%
BIL
SHY