BKSY vs. BIL

Last updated Jul 15, 2026

BKSY (BlackSky Technology Inc.) is a stock, while BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Over the past 5 years, BKSY returned -20.26%/yr vs 3.50%/yr for BIL. At a correlation of -0.02, they often move in opposite directions.

Performance

BKSY vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackSky Technology Inc. (BKSY) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKSY achieves a 36.91% return, which is significantly higher than BIL's 1.89% return.

BKSY

• 1D: -1.53%
• 1M: -20.82%
• 6M: 0.23%
• YTD: 36.91%
• 1Y: 5.81%
• 3Y*: 17.07%
• 5Y*: -20.26%
• 10Y*: —

BIL

• 1D: 0.01%
• 1M: 0.29%
• 6M: 1.77%
• YTD: 1.89%
• 1Y: 3.82%
• 3Y*: 4.57%
• 5Y*: 3.50%
• 10Y*: 2.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKSY vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BKSY BlackSky Technology Inc.	36.91%	73.77%	-3.66%	-9.09%	-65.70%	-57.12%	7.38%	0.52%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.89%	4.15%	5.19%	4.94%	1.40%	-0.10%	0.40%	0.03%

Correlation

The correlation between BKSY and BIL is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Dec 20, 2019	-0.02

Return for Risk

BKSY vs. BIL — Risk / Return Rank

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

BKSY

BKSY Risk / Return Rank: 51
BKSY Sharpe Ratio Rank: 48
BKSY Sortino Ratio Rank: 56
BKSY Omega Ratio Rank: 54
BKSY Calmar Ratio Rank: 48
BKSY Martin Ratio Rank: 47

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKSY vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackSky Technology Inc. (BKSY) and SPDR Bloomberg 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BKSY	BIL	Difference
Sharpe ratio: Return per unit of total volatility	0.06	19.07	-19.01
Sortino ratio: Return per unit of downside risk	0.85	153.58	-152.73
Omega ratio: Gain probability vs. loss probability	1.10	69.55	-68.45
Calmar ratio: Return relative to maximum drawdown	0.10	350.30	-350.20
Martin ratio: Return relative to average drawdown	0.18	2,484.19	-2,484.00

BKSY vs. BIL - Sharpe Ratio Comparison

The current BKSY Sharpe Ratio is 0.06, which is lower than the BIL Sharpe Ratio of 19.07. The chart below compares the historical Sharpe Ratios of BKSY and BIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKSY vs. BIL - Drawdown Comparison

The maximum BKSY drawdown since its inception was -96.61%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BKSY and BIL.

Drawdown Indicators

	BKSY	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-96.61%	-0.78%	-95.83%
Max Drawdown (1Y) Largest decline over 1 year	-58.46%	-0.01%	-58.45%
Max Drawdown (3Y) Largest decline over 3 years	-74.75%	-0.01%	-74.74%
Max Drawdown (5Y) Largest decline over 5 years	-96.04%	-0.08%	-95.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	-78.59%	0.00%	-78.59%
Average Drawdown Average peak-to-trough decline	-65.26%	-0.26%	-65.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.76%	0.00%	+31.76%

Volatility

BKSY vs. BIL - Volatility Comparison

BlackSky Technology Inc. (BKSY) has a higher volatility of 23.33% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that BKSY'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.

Volatility by Period

	BKSY	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.33%	0.07%	+23.26%
Volatility (6M) Calculated over the trailing 6-month period	81.08%	0.14%	+80.94%
Volatility (1Y) Calculated over the trailing 1-year period	105.87%	0.20%	+105.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	99.87%	0.26%	+99.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.52%	0.26%	+88.26%

Dividends

BKSY vs. BIL - Dividend Comparison

BKSY has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 3.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.81%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%
BKSY BlackSky Technology Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKSY and BIL in my portfolio?

BKSY and BIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKSY or BIL?

BKSY has higher volatility (23.33%) compared to BIL (0.07%). In terms of maximum drawdown, BKSY dropped -96.61% vs BIL's -0.78%.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.07 vs 0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.