BILS vs. SGOV
Compare and contrast key facts about SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) and iShares 0-3 Month Treasury Bond ETF (SGOV).
BILS and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BILS is a passively managed fund by SPDR that tracks the performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index. It was launched on Sep 24, 2020. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both BILS and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BILS or SGOV.
Key characteristics
| BILS | SGOV | |
|---|---|---|
| YTD Return | 4.49% | 4.61% |
| 1Y Return | 5.31% | 5.38% |
| 3Y Return (Ann) | 3.43% | 3.78% |
| Sharpe Ratio | 18.47 | 21.83 |
| Sortino Ratio | 98.42 | 526.74 |
| Omega Ratio | 34.00 | 527.74 |
| Calmar Ratio | 132.11 | 540.70 |
| Martin Ratio | 1,372.00 | 8,583.38 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 0.29% | 0.25% |
| Max Drawdown | -0.41% | -0.03% |
| Current Drawdown | 0.00% | -0.01% |
Correlation
The correlation between BILS and SGOV is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BILS vs. SGOV - Performance Comparison
The year-to-date returns for both investments are quite close, with BILS having a 4.49% return and SGOV slightly higher at 4.61%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BILS vs. SGOV - Expense Ratio Comparison
BILS has a 0.14% expense ratio, which is higher than SGOV's 0.03% 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%.
Risk-Adjusted Performance
BILS vs. SGOV - 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 iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
BILS vs. SGOV - Dividend Comparison
BILS's dividend yield for the trailing twelve months is around 5.14%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
BILS SPDR Bloomberg 3-12 Month T-Bill ETF | 5.14% | 4.98% | 1.61% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% |
Drawdowns
BILS vs. SGOV - Drawdown Comparison
The maximum BILS drawdown since its inception was -0.41%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BILS and SGOV. For additional features, visit the drawdowns tool.
Volatility
BILS vs. SGOV - Volatility Comparison
SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) and iShares 0-3 Month Treasury Bond ETF (SGOV) have volatilities of 0.08% and 0.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.