CGUI vs. BIL
CGUI (Capital Group Ultra Short Income ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - CGUI is a Ultrashort Bond fund actively managed by Capital Group, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. CGUI is actively managed, while BIL is passively managed. Over the past year, CGUI returned 4.42% vs 3.87% for BIL. At a 0.09 correlation, their price movements are largely independent. CGUI charges 0.18%/yr vs 0.14%/yr for BIL.
Performance
CGUI vs. BIL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CGUI having a 1.50% return and BIL slightly lower at 1.49%.
CGUI
- 1D
- -0.04%
- 1M
- 0.29%
- YTD
- 1.50%
- 6M
- 1.84%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.49%
- 6M
- 1.77%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.41%
- 10Y*
- 2.18%
CGUI vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGUI Capital Group Ultra Short Income ETF | 1.50% | 4.99% | 3.03% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 2.56% |
Correlation
The correlation between CGUI and BIL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | 0.09 |
The correlation between CGUI and BIL shifts across timeframes, from -0.05 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CGUI vs. BIL — Risk / Return Rank
CGUI
BIL
CGUI vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Capital Group Ultra Short Income ETF (CGUI) 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.
| CGUI | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.72 | ||
| Sortino ratioReturn per unit of downside risk | -163.24 | ||
| Omega ratioGain probability vs. loss probability | 2.66 | 87.91 | -85.25 |
| Calmar ratioReturn relative to maximum drawdown | 24.99 | 355.35 | -330.36 |
| Martin ratioReturn relative to average drawdown | 105.06 | 2,817.77 | -2,712.72 |
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
| CGUI | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.99 | 19.71 | -13.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 13.16 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.20 | 2.78 | +3.43 |
Drawdowns
CGUI vs. BIL - Drawdown Comparison
The maximum CGUI drawdown since its inception was -0.18%, smaller than the maximum BIL drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for CGUI and BIL.
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Drawdown Indicators
| CGUI | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.18% | -0.78% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.18% | -0.01% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.02% | -0.26% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.00% | +0.04% |
Volatility
CGUI vs. BIL - Volatility Comparison
Capital Group Ultra Short Income ETF (CGUI) has a higher volatility of 0.30% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that CGUI'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
| CGUI | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 0.05% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.56% | 0.13% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 0.20% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 0.26% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.80% | 0.26% | +0.54% |
CGUI vs. BIL - Expense Ratio Comparison
CGUI has a 0.18% expense ratio, which is higher than BIL's 0.14% 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%.
Dividends
CGUI vs. BIL - Dividend Comparison
CGUI's dividend yield for the trailing twelve months is around 3.89%, which matches BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
CGUI Capital Group Ultra Short Income ETF | 3.89% | 4.17% | 2.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGUI and BIL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGUI has higher volatility (0.30%) compared to BIL (0.05%). In terms of maximum drawdown, CGUI dropped -0.18% vs BIL's -0.78%.
On 1-year performance, CGUI leads with 4.42% vs 3.87% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CGUI has performed better with a 4.42% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.18% for CGUI.
CGUI has the higher dividend yield at 3.89%, compared with 3.86% for BIL.
CGUI is categorized as Ultrashort Bond, while BIL is Government Bonds. They also come from different issuers: Capital Group and State Street. Their fees differ too: 0.18% for CGUI and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 5.99), 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.
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