BIL vs. V

Last updated Jun 9, 2026

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 V (Visa Inc.) is a stock. Over the past 10 years, BIL returned 2.19%/yr vs 15.64%/yr for V. At a correlation of -0.01, they often move in opposite directions.

Performance

BIL vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIL achieves a 1.54% return, which is significantly higher than V's -8.47% return. Over the past 10 years, BIL has underperformed V with an annualized return of 2.19%, while V has yielded a comparatively higher 15.64% annualized return.

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%

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BIL vs. V - 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%
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between BIL and V is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	-0.01

Return for Risk

BIL vs. V — Risk / Return Rank

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

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL Martin Ratio Rank: 100

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIL vs. V - 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 Visa Inc. (V). 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	V	Difference
Sharpe ratio: Return per unit of total volatility	19.64	-0.58	+20.22
Sortino ratio: Return per unit of downside risk	174.66	-0.72	+175.38
Omega ratio: Gain probability vs. loss probability	88.16	0.91	+87.25
Calmar ratio: Return relative to maximum drawdown	356.40	-0.64	+357.04
Martin ratio: Return relative to average drawdown	2,826.06	-1.18	+2,827.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIL vs. V - Sharpe Ratio Comparison

The current BIL Sharpe Ratio is 19.64, which is higher than the V Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of BIL and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BIL	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	19.64	-0.58	+20.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	13.23	0.33	+12.90
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	8.57	0.64	+7.93
Sharpe Ratio (All Time) Calculated using the full available price history	2.78	0.69	+2.09

Drawdowns

BIL vs. V - Drawdown Comparison

The maximum BIL drawdown since its inception was -0.78%, smaller than the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for BIL and V.

Drawdown Indicators

	BIL	V	Difference
Max Drawdown Largest peak-to-trough decline	-0.78%	-51.90%	+51.12%
Max Drawdown (1Y) Largest decline over 1 year	-0.01%	-20.38%	+20.37%
Max Drawdown (3Y) Largest decline over 3 years	-0.01%	-20.38%	+20.37%
Max Drawdown (5Y) Largest decline over 5 years	-0.09%	-28.60%	+28.51%
Max Drawdown (10Y) Largest decline over 10 years	-0.21%	-36.36%	+36.15%
Current Drawdown Current decline from peak	0.00%	-13.69%	+13.69%
Average Drawdown Average peak-to-trough decline	-0.26%	-8.26%	+8.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	11.03%	-11.03%

Volatility

BIL vs. V - Volatility Comparison

The current volatility for SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is 0.06%, while Visa Inc. (V) has a volatility of 5.74%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIL	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	5.74%	-5.68%
Volatility (6M) Calculated over the trailing 6-month period	0.14%	17.50%	-17.36%
Volatility (1Y) Calculated over the trailing 1-year period	0.20%	22.32%	-22.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.26%	22.80%	-22.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.26%	24.47%	-24.21%

Dividends

BIL vs. V - Dividend Comparison

BIL's dividend yield for the trailing twelve months is around 3.86%, more than V's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.86%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both BIL and V in my portfolio?

BIL and V have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIL or V?

V has higher volatility (5.74%) compared to BIL (0.06%). In terms of maximum drawdown, BIL dropped -0.78% vs V's -51.90%.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.64 vs -0.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.