BILZ vs. BIL
Compare and contrast key facts about PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
BILZ and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BILZ is an actively managed fund by PIMCO. It was launched on Jun 21, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BILZ or BIL.
Correlation
The correlation between BILZ and BIL is 0.47, 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
BILZ vs. BIL - Performance Comparison
Key characteristics
BILZ:
13.60
BIL:
20.77
BILZ:
29.06
BIL:
262.04
BILZ:
18.27
BIL:
152.29
BILZ:
30.56
BIL:
462.95
BILZ:
473.01
BIL:
4,263.96
BILZ:
0.01%
BIL:
0.00%
BILZ:
0.38%
BIL:
0.24%
BILZ:
-0.52%
BIL:
-0.77%
BILZ:
0.00%
BIL:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with BILZ having a 0.60% return and BIL slightly higher at 0.61%.
BILZ
0.60%
0.36%
2.33%
5.08%
N/A
N/A
BIL
0.61%
0.37%
2.32%
5.01%
2.43%
1.68%
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BILZ vs. BIL - Expense Ratio Comparison
Both BILZ and BIL have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BILZ vs. BIL — Risk-Adjusted Performance Rank
BILZ
BIL
BILZ vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
BILZ vs. BIL - Dividend Comparison
BILZ's dividend yield for the trailing twelve months is around 4.86%, less than BIL's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 4.86% | 4.95% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.93% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
BILZ vs. BIL - Drawdown Comparison
The maximum BILZ drawdown since its inception was -0.52%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for BILZ and BIL. For additional features, visit the drawdowns tool.
Volatility
BILZ vs. BIL - Volatility Comparison
PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) has a higher volatility of 0.08% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that BILZ's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.