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 18.83%/yr vs 4.55%/yr for TBIL. Their -0.00 correlation means they have often moved in opposite directions in the past.
Performance
COIN vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, COIN achieves a -35.22% return, which is significantly lower than TBIL's 2.11% return.
COIN
- 1D
- 0.16%
- 1M
- -11.47%
- 6M
- -22.02%
- YTD
- -35.22%
- 1Y
- -53.45%
- 3Y*
- 18.83%
- 5Y*
- -9.73%
- 10Y*
- —
- ALL TIME*
- -16.49%
TBIL
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 1.80%
- YTD
- 2.11%
- 1Y
- 3.85%
- 3Y*
- 4.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41B | $1.18B | $1.48B | |
| $85.10M | $79.65M | $91.28M |
COIN vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
COIN Coinbase Global, Inc. | -35.22% | -8.92% | 42.77% | 391.44% | -63.90% |
TBIL F/m US Treasury 3 Month Bill ETF | 2.11% | 4.19% | 5.15% | 5.12% | 1.29% |
Correlation
The correlation between COIN and TBIL is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.02 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.00 |
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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 | -14.82 | ||
| Sortino ratioReturn per unit of downside risk | -68.97 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 22.61 | -21.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 192.87 | -193.72 |
| Martin ratioReturn relative to average drawdown | -1.26 | 1,097.12 | -1,098.38 |
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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 | -63.57% | -0.02% | -63.55% |
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 | -65.10% | 0.00% | -65.10% |
Average DrawdownAverage peak-to-trough decline | -52.83% | 0.00% | -52.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.36% | 0.00% | +42.36% |
Volatility
COIN vs. TBIL - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 19.81% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.07%. 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 | 19.81% | 0.07% | +19.74% |
Volatility (6M)Calculated over the trailing 6-month period | 54.87% | 0.20% | +54.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.81% | 0.28% | +67.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.17% | 0.32% | +85.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.09% | 0.32% | +84.77% |
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 3.69%.
| 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 | 3.69% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
COIN and TBIL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COIN has higher volatility (19.81%) compared to TBIL (0.07%). In terms of maximum drawdown, COIN dropped -91.46% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (14.03 vs -0.79), 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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