DIFIX vs. BIL
Compare and contrast key facts about MFS Diversified Income Fund (DIFIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
DIFIX is managed by MFS. It was launched on May 25, 2006. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DIFIX or BIL.
Key characteristics
| DIFIX | BIL | |
|---|---|---|
| YTD Return | 1.99% | 2.00% |
| 1Y Return | 9.80% | 5.31% |
| 3Y Return (Ann) | 0.91% | 2.75% |
| 5Y Return (Ann) | 3.47% | 1.96% |
| 10Y Return (Ann) | 4.20% | 1.29% |
| Sharpe Ratio | 1.41 | 20.37 |
| Daily Std Dev | 6.63% | 0.26% |
| Max Drawdown | -35.02% | -0.77% |
| Current Drawdown | -2.50% | 0.00% |
Correlation
The correlation between DIFIX and BIL is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DIFIX vs. BIL - Performance Comparison
The year-to-date returns for both investments are quite close, with DIFIX having a 1.99% return and BIL slightly higher at 2.00%. Over the past 10 years, DIFIX has outperformed BIL with an annualized return of 4.20%, while BIL has yielded a comparatively lower 1.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DIFIX vs. BIL - Expense Ratio Comparison
DIFIX has a 0.73% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
DIFIX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Diversified Income Fund (DIFIX) 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.
Dividends
DIFIX vs. BIL - Dividend Comparison
DIFIX's dividend yield for the trailing twelve months is around 3.83%, less than BIL's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIFIX MFS Diversified Income Fund | 3.83% | 3.79% | 4.86% | 5.18% | 3.05% | 3.37% | 4.06% | 3.80% | 3.45% | 7.19% | 5.04% | 4.62% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.17% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIFIX vs. BIL - Drawdown Comparison
The maximum DIFIX drawdown since its inception was -35.02%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for DIFIX and BIL. For additional features, visit the drawdowns tool.
Volatility
DIFIX vs. BIL - Volatility Comparison
MFS Diversified Income Fund (DIFIX) has a higher volatility of 1.43% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that DIFIX'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.