BIL vs. YEAR
Compare and contrast key facts about SPDR Barclays 1-3 Month T-Bill ETF (BIL) and AB Ultra Short Income ETF (YEAR).
BIL and YEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. YEAR is an actively managed fund by AllianceBernstein. It was launched on Sep 13, 2022.
Performance
BIL vs. YEAR - Performance Comparison
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BIL vs. YEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 0.97% |
YEAR AB Ultra Short Income ETF | 0.66% | 4.69% | 5.41% | 5.85% | 1.10% |
Returns By Period
In the year-to-date period, BIL achieves a 0.85% return, which is significantly higher than YEAR's 0.66% return.
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
YEAR
- 1D
- 0.09%
- 1M
- -0.01%
- YTD
- 0.66%
- 6M
- 1.70%
- 1Y
- 4.08%
- 3Y*
- 5.13%
- 5Y*
- —
- 10Y*
- —
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BIL vs. YEAR - Expense Ratio Comparison
BIL has a 0.14% expense ratio, which is lower than YEAR's 0.25% 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%.
Return for Risk
BIL vs. YEAR — Risk / Return Rank
BIL
YEAR
BIL vs. YEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Barclays 1-3 Month T-Bill ETF (BIL) and AB Ultra Short Income ETF (YEAR). 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 | YEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 19.52 | 4.72 | +14.80 |
Sortino ratioReturn per unit of downside risk | 254.04 | 8.76 | +245.28 |
Omega ratioGain probability vs. loss probability | 180.28 | 2.16 | +178.12 |
Calmar ratioReturn relative to maximum drawdown | 365.54 | 13.54 | +352.00 |
Martin ratioReturn relative to average drawdown | 4,104.04 | 61.59 | +4,042.45 |
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 | YEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.52 | 4.72 | +14.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 12.54 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.72 | 4.30 | -1.58 |
Correlation
The correlation between BIL and YEAR is 0.08, 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.
Dividends
BIL vs. YEAR - Dividend Comparison
BIL's dividend yield for the trailing twelve months is around 4.01%, less than YEAR's 4.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
YEAR AB Ultra Short Income ETF | 4.27% | 4.33% | 5.16% | 5.00% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIL vs. YEAR - Drawdown Comparison
The maximum BIL drawdown since its inception was -0.78%, which is greater than YEAR's maximum drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for BIL and YEAR.
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Drawdown Indicators
| BIL | YEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.78% | -0.61% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -0.30% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -0.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -0.21% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.01% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -0.06% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.07% | -0.07% |
Volatility
BIL vs. YEAR - Volatility Comparison
The current volatility for SPDR Barclays 1-3 Month T-Bill ETF (BIL) is 0.05%, while AB Ultra Short Income ETF (YEAR) has a volatility of 0.24%. This indicates that BIL experiences smaller price fluctuations and is considered to be less risky than YEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIL | YEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.24% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 0.50% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 0.87% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 1.17% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.26% | 1.17% | -0.91% |