DLUX vs. BIL
DLUX (DoubleLine Ultrashort Income ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - DLUX is a Ultrashort Bond fund actively managed by DoubleLine, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. DLUX is actively managed, while BIL is passively managed. Their 0.24 correlation means their historical movements had little consistent relationship. DLUX charges 0.18%/yr vs 0.14%/yr for BIL.
Performance
DLUX vs. BIL - Performance Comparison
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Returns By Period
DLUX
- 1D
- -0.04%
- 1M
- 0.31%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.28%
- 6M
- 1.78%
- YTD
- 2.02%
- 1Y
- 3.78%
- 3Y*
- 4.55%
- 5Y*
- 3.52%
- 10Y*
- 2.23%
- ALL TIME*
- 1.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $794.86M | $900.36M | $912.01M | |
| $70.66K | $51.09K | $1.69M |
DLUX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DLUX DoubleLine Ultrashort Income ETF | 1.33% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.15% |
Correlation
The correlation between DLUX and BIL is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026 | 0.24 |
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Return for Risk
DLUX vs. BIL — Risk / Return Rank
DLUX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIL
DLUX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DoubleLine Ultrashort Income ETF (DLUX) 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.
| DLUX | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 68.95 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 347.19 | — |
| Martin ratioReturn relative to average drawdown | — | 2,462.14 | — |
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Drawdowns
DLUX vs. BIL - Drawdown Comparison
The maximum DLUX drawdown since its inception was -0.16%, smaller than the maximum BIL drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for DLUX and BIL.
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Drawdown Indicators
| DLUX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.16% | -0.78% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.26% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
DLUX vs. BIL - Volatility Comparison
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Volatility by Period
| DLUX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.90% | 0.20% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.90% | 0.26% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.90% | 0.26% | +0.64% |
DLUX vs. BIL - Expense Ratio Comparison
DLUX 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
DLUX vs. BIL - Dividend Comparison
DLUX's dividend yield for the trailing twelve months is around 0.80%, less than BIL's 3.81% yield.
| 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% |
DLUX DoubleLine Ultrashort Income ETF | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DLUX and BIL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BIL is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BIL is cheaper with a 0.14% expense ratio, compared with 0.18% for DLUX.
BIL has the higher dividend yield at 3.81%, compared with 0.80% for DLUX.
DLUX is categorized as Ultrashort Bond, while BIL is Government Bonds. They also come from different issuers: DoubleLine and State Street. Their fees differ too: 0.18% for DLUX and 0.14% for BIL.
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