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.
Performance
BILZ vs. BIL - Performance Comparison
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BILZ vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 0.83% | 4.21% | 5.25% | 2.33% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 2.76% |
Returns By Period
The year-to-date returns for both investments are quite close, with BILZ having a 0.83% return and BIL slightly higher at 0.85%.
BILZ
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 0.83%
- 6M
- 1.85%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
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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%.
Return for Risk
BILZ vs. BIL — Risk / Return Rank
BILZ
BIL
BILZ vs. BIL - Risk-Adjusted Trends 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.
| BILZ | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 19.30 | 19.52 | -0.22 |
Sortino ratioReturn per unit of downside risk | 117.88 | 254.04 | -136.16 |
Omega ratioGain probability vs. loss probability | 44.85 | 180.28 | -135.43 |
Calmar ratioReturn relative to maximum drawdown | 203.30 | 365.54 | -162.23 |
Martin ratioReturn relative to average drawdown | 1,804.32 | 4,104.04 | -2,299.72 |
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
| BILZ | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.30 | 19.52 | -0.22 |
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 | 10.37 | 2.72 | +7.65 |
Correlation
The correlation between BILZ and BIL is 0.49, 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.
Dividends
BILZ vs. BIL - Dividend Comparison
BILZ's dividend yield for the trailing twelve months is around 4.18%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 4.18% | 4.19% | 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 | 4.01% | 4.13% | 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 -0.78%. Use the drawdown chart below to compare losses from any high point for BILZ and BIL.
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Drawdown Indicators
| BILZ | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.52% | -0.78% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -0.01% | -0.01% |
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% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.26% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
BILZ vs. BIL - Volatility Comparison
PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL) have volatilities of 0.05% and 0.05%, 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.
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Volatility by Period
| BILZ | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.05% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 0.14% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 0.21% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.44% | 0.26% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 0.26% | +0.18% |