BIL vs. SPAXX
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Fidelity Government Money Market Fund (SPAXX).
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. SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIL or SPAXX.
Correlation
The correlation between BIL and SPAXX 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.
Performance
BIL vs. SPAXX - Performance Comparison
Key characteristics
BIL:
20.46
SPAXX:
3.22
BIL:
0.00%
SPAXX:
0.00%
BIL:
0.24%
SPAXX:
1.34%
BIL:
-0.77%
SPAXX:
0.00%
BIL:
0.00%
SPAXX:
0.00%
Returns By Period
In the year-to-date period, BIL achieves a 1.28% return, which is significantly higher than SPAXX's 0.65% return. Over the past 10 years, BIL has outperformed SPAXX with an annualized return of 1.75%, while SPAXX has yielded a comparatively lower 1.28% annualized return.
BIL
1.28%
0.34%
2.17%
4.83%
2.53%
1.75%
SPAXX
0.65%
0.00%
1.76%
4.32%
2.31%
1.28%
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BIL vs. SPAXX - Expense Ratio Comparison
Risk-Adjusted Performance
BIL vs. SPAXX — Risk-Adjusted Performance Rank
BIL
SPAXX
BIL vs. SPAXX - 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 Fidelity Government Money Market Fund (SPAXX). 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. SPAXX - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 4.76%, more than SPAXX's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPAXX Fidelity Government Money Market Fund | 4.56% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIL vs. SPAXX - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BIL and SPAXX. For additional features, visit the drawdowns tool.
Volatility
BIL vs. SPAXX - Volatility Comparison
SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a higher volatility of 0.06% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that BIL's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.