COIN vs. TBIL
COIN (Coinbase Global, Inc.) is a stock, while TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Over the past 3 years, COIN returned 37.03%/yr vs 4.60%/yr for TBIL. At a 0.01 correlation, their price movements are largely independent.
Performance
COIN vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -30.05% return, which is significantly lower than TBIL's 1.69% return.
COIN
- 1D
- -4.04%
- 1M
- -14.49%
- YTD
- -30.05%
- 6M
- -34.72%
- 1Y
- -48.57%
- 3Y*
- 37.03%
- 5Y*
- -7.21%
- 10Y*
- —
TBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.69%
- 6M
- 1.76%
- 1Y
- 3.91%
- 3Y*
- 4.60%
- 5Y*
- —
- 10Y*
- —
COIN vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -30.05% | -8.92% | 42.77% | 391.44% | -63.90% |
TBIL F/m US Treasury 3 Month Bill ETF | 1.69% | 4.19% | 5.15% | 5.12% | 1.29% |
Correlation
The correlation between COIN and TBIL is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.01 |
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Return for Risk
COIN vs. TBIL — Risk / Return Rank
COIN
TBIL
COIN vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and F/m US Treasury 3 Month Bill ETF (TBIL). 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.
| COIN | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.47 | ||
| Sortino ratioReturn per unit of downside risk | -59.00 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 17.08 | -16.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 195.79 | -196.53 |
| Martin ratioReturn relative to average drawdown | -1.16 | 929.44 | -930.60 |
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Drawdowns
COIN vs. TBIL - Drawdown Comparison
The maximum COIN drawdown since its inception was -91.46%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for COIN and TBIL.
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Drawdown Indicators
| COIN | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.46% | -0.10% | -91.36% |
Max Drawdown (1Y)Largest decline over 1 year | -66.39% | -0.02% | -66.37% |
Max Drawdown (3Y)Largest decline over 3 years | -66.39% | -0.02% | -66.37% |
Max Drawdown (5Y)Largest decline over 5 years | -90.90% | — | — |
Current DrawdownCurrent decline from peak | -62.32% | 0.00% | -62.32% |
Average DrawdownAverage peak-to-trough decline | -52.63% | -0.00% | -52.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.06% | 0.00% | +42.06% |
Volatility
COIN vs. TBIL - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 18.43% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.06%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIN | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.43% | 0.06% | +18.37% |
Volatility (6M)Calculated over the trailing 6-month period | 51.90% | 0.19% | +51.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.40% | 0.29% | +68.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.99% | 0.32% | +85.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.37% | 0.32% | +85.05% |
Dividends
COIN vs. TBIL - Dividend Comparison
COIN has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.81% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
COIN and TBIL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (18.43%) compared to TBIL (0.06%). In terms of maximum drawdown, COIN dropped -91.46% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.76 vs -0.71), 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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