BIL vs. USD=X
BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index, while USD=X (USD Cash) is a currency. Over the past 10 years, BIL returned 2.19%/yr vs 0.00%/yr for USD=X.
Performance
BIL vs. USD=X - Performance Comparison
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Returns By Period
BIL
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.54%
- 6M
- 1.78%
- 1Y
- 3.88%
- 3Y*
- 4.62%
- 5Y*
- 3.42%
- 10Y*
- 2.19%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
BIL vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.54% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
BIL vs. USD=X — Risk / Return Rank
BIL
USD=X
BIL vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and USD Cash (USD=X). 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.
| BIL | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 88.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 356.40 | — | — |
| Martin ratioReturn relative to average drawdown | 2,826.06 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIL | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.64 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 13.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.78 | — | — |
Drawdowns
BIL vs. USD=X - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BIL and USD=X.
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Drawdown Indicators
| BIL | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | 0.00% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | 0.00% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | 0.00% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -0.09% | 0.00% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | 0.00% | -0.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.26% | 0.00% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
BIL vs. USD=X - Volatility Comparison
SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) has a higher volatility of 0.06% compared to USD Cash (USD=X) at 0.00%. This indicates that BIL's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIL | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.00% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 0.00% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 0.00% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 0.00% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 0.00% | +0.26% |
Frequently Asked Questions
BIL has higher volatility (0.06%) compared to USD=X (0.00%). In terms of maximum drawdown, BIL dropped -0.78% vs USD=X's 0.00%.
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