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BILS vs. CSH2.L
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BILS and CSH2.L is 0.09, 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.


-0.50.00.51.0
Correlation: 0.1

Performance

BILS vs. CSH2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L). The values are adjusted to include any dividend payments, if applicable.

8.00%10.00%12.00%14.00%16.00%18.00%NovemberDecember2025FebruaryMarchApril
12.66%
18.75%
BILS
CSH2.L

Key characteristics

Sharpe Ratio

BILS:

19.15

CSH2.L:

5.16

Sortino Ratio

BILS:

99.77

CSH2.L:

8.34

Omega Ratio

BILS:

31.55

CSH2.L:

2.75

Calmar Ratio

BILS:

167.08

CSH2.L:

18.57

Martin Ratio

BILS:

1,623.25

CSH2.L:

106.53

Ulcer Index

BILS:

0.00%

CSH2.L:

0.05%

Daily Std Dev

BILS:

0.26%

CSH2.L:

1.03%

Max Drawdown

BILS:

-0.41%

CSH2.L:

-0.37%

Current Drawdown

BILS:

0.00%

CSH2.L:

-0.03%

Returns By Period

In the year-to-date period, BILS achieves a 1.27% return, which is significantly lower than CSH2.L's 1.48% return.


BILS

YTD

1.27%

1M

0.37%

6M

2.20%

1Y

5.00%

5Y*

N/A

10Y*

N/A

CSH2.L

YTD

1.48%

1M

0.47%

6M

2.60%

1Y

5.42%

5Y*

2.70%

10Y*

N/A

*Annualized

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BILS vs. CSH2.L - Expense Ratio Comparison

BILS has a 0.14% expense ratio, which is higher than CSH2.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


BILS
SPDR Bloomberg 3-12 Month T-Bill ETF
Expense ratio chart for BILS: current value is 0.14%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BILS: 0.14%
Expense ratio chart for CSH2.L: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CSH2.L: 0.07%

Risk-Adjusted Performance

BILS vs. CSH2.L — Risk-Adjusted Performance Rank

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

BILS
The Risk-Adjusted Performance Rank of BILS is 100100
Overall Rank
The Sharpe Ratio Rank of BILS is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of BILS is 100100
Sortino Ratio Rank
The Omega Ratio Rank of BILS is 100100
Omega Ratio Rank
The Calmar Ratio Rank of BILS is 100100
Calmar Ratio Rank
The Martin Ratio Rank of BILS is 100100
Martin Ratio Rank

CSH2.L
The Risk-Adjusted Performance Rank of CSH2.L is 9999
Overall Rank
The Sharpe Ratio Rank of CSH2.L is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of CSH2.L is 9999
Sortino Ratio Rank
The Omega Ratio Rank of CSH2.L is 9999
Omega Ratio Rank
The Calmar Ratio Rank of CSH2.L is 9999
Calmar Ratio Rank
The Martin Ratio Rank of CSH2.L is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BILS vs. CSH2.L - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) and Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L). 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.


Sharpe ratio
The chart of Sharpe ratio for BILS, currently valued at 18.41, compared to the broader market-1.000.001.002.003.004.00
BILS: 18.41
CSH2.L: 1.60
The chart of Sortino ratio for BILS, currently valued at 96.74, compared to the broader market-2.000.002.004.006.008.00
BILS: 96.74
CSH2.L: 2.31
The chart of Omega ratio for BILS, currently valued at 30.63, compared to the broader market0.501.001.502.002.50
BILS: 30.63
CSH2.L: 1.29
The chart of Calmar ratio for BILS, currently valued at 161.88, compared to the broader market0.002.004.006.008.0010.0012.00
BILS: 161.88
CSH2.L: 1.50
The chart of Martin ratio for BILS, currently valued at 1572.77, compared to the broader market0.0020.0040.0060.00
BILS: 1,572.77
CSH2.L: 3.75

The current BILS Sharpe Ratio is 19.15, which is higher than the CSH2.L Sharpe Ratio of 5.16. The chart below compares the historical Sharpe Ratios of BILS and CSH2.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.005.0010.0015.0020.00NovemberDecember2025FebruaryMarchApril
18.41
1.60
BILS
CSH2.L

Dividends

BILS vs. CSH2.L - Dividend Comparison

BILS's dividend yield for the trailing twelve months is around 4.75%, while CSH2.L has not paid dividends to shareholders.


TTM202420232022
BILS
SPDR Bloomberg 3-12 Month T-Bill ETF
4.75%5.01%4.98%1.61%
CSH2.L
Lyxor Smart Overnight Return UCITS ETF C-GBP
0.00%0.00%0.00%0.00%

Drawdowns

BILS vs. CSH2.L - Drawdown Comparison

The maximum BILS drawdown since its inception was -0.41%, which is greater than CSH2.L's maximum drawdown of -0.37%. Use the drawdown chart below to compare losses from any high point for BILS and CSH2.L. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%NovemberDecember2025FebruaryMarchApril00
BILS
CSH2.L

Volatility

BILS vs. CSH2.L - Volatility Comparison

The current volatility for SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is 0.08%, while Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) has a volatility of 3.24%. This indicates that BILS experiences smaller price fluctuations and is considered to be less risky than CSH2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%NovemberDecember2025FebruaryMarchApril
0.08%
3.24%
BILS
CSH2.L
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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