BIL vs. SWVXX
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and Schwab Value Advantage Money Fund (SWVXX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIL or SWVXX.
Performance
BIL vs. SWVXX - Performance Comparison
Returns By Period
In the year-to-date period, BIL achieves a 4.66% return, which is significantly higher than SWVXX's 3.90% return. Both investments have delivered pretty close results over the past 10 years, with BIL having a 1.56% annualized return and SWVXX not far behind at 1.51%.
BIL
4.66%
0.38%
2.55%
5.26%
2.28%
1.56%
SWVXX
3.90%
0.21%
2.36%
4.61%
2.22%
1.51%
Key characteristics
| BIL | SWVXX | |
|---|---|---|
| Sharpe Ratio | 20.40 | 3.30 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 0.26% | 1.39% |
| Max Drawdown | -0.77% | 0.00% |
| Current Drawdown | 0.00% | 0.00% |
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Correlation
The correlation between BIL and SWVXX is 0.04, 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. SWVXX - 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 Schwab Value Advantage Money Fund (SWVXX). 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.
Drawdowns
BIL vs. SWVXX - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.77%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BIL and SWVXX. For additional features, visit the drawdowns tool.
Volatility
BIL vs. SWVXX - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.08%, while Schwab Value Advantage Money Fund (SWVXX) has a volatility of 0.21%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.