BIMBX vs. BIL
Compare and contrast key facts about BlackRock Systematic Multi-Strategy Class I (BIMBX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
BIMBX is managed by BlackRock. It was launched on May 19, 2015. 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
BIMBX vs. BIL - Performance Comparison
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BIMBX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 0.96% | 5.00% | 6.83% | 6.43% | -2.95% | 6.18% | 3.57% | 8.43% | 1.83% | 9.89% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, BIMBX achieves a 0.96% return, which is significantly higher than BIL's 0.85% return. Over the past 10 years, BIMBX has outperformed BIL with an annualized return of 4.70%, while BIL has yielded a comparatively lower 2.12% annualized return.
BIMBX
- 1D
- 0.48%
- 1M
- -3.15%
- YTD
- 0.96%
- 6M
- 2.76%
- 1Y
- 3.06%
- 3Y*
- 6.50%
- 5Y*
- 4.19%
- 10Y*
- 4.70%
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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BIMBX vs. BIL - Expense Ratio Comparison
BIMBX has a 0.98% expense ratio, which is higher than BIL's 0.14% expense ratio.
Return for Risk
BIMBX vs. BIL — Risk / Return Rank
BIMBX
BIL
BIMBX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Systematic Multi-Strategy Class I (BIMBX) 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.
| BIMBX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 19.52 | -18.68 |
Sortino ratioReturn per unit of downside risk | 1.22 | 254.04 | -252.82 |
Omega ratioGain probability vs. loss probability | 1.15 | 180.28 | -179.13 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | 365.54 | -364.55 |
Martin ratioReturn relative to average drawdown | 3.57 | 4,104.04 | -4,100.47 |
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
| BIMBX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 19.52 | -18.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 12.54 | -11.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.34 | 8.22 | -6.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 2.72 | -1.29 |
Correlation
The correlation between BIMBX and BIL is 0.02, 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
BIMBX vs. BIL - Dividend Comparison
BIMBX's dividend yield for the trailing twelve months is around 2.25%, less than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIMBX BlackRock Systematic Multi-Strategy Class I | 2.25% | 2.27% | 4.07% | 4.48% | 4.99% | 2.62% | 1.31% | 3.90% | 8.93% | 4.08% | 5.00% |
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
BIMBX vs. BIL - Drawdown Comparison
The maximum BIMBX drawdown since its inception was -8.73%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BIMBX and BIL.
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Drawdown Indicators
| BIMBX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.73% | -0.78% | -7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -0.01% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -6.50% | -0.12% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -8.73% | -0.21% | -8.52% |
Current DrawdownCurrent decline from peak | -3.15% | 0.00% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -0.26% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.00% | +0.99% |
Volatility
BIMBX vs. BIL - Volatility Comparison
BlackRock Systematic Multi-Strategy Class I (BIMBX) has a higher volatility of 1.54% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that BIMBX'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.
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Volatility by Period
| BIMBX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.05% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 0.14% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 0.21% | +3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 0.26% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 0.26% | +3.26% |