DPM.TO vs. BILS

Last updated Jun 3, 2026

DPM.TO (Dundee Precious Metals Inc.) is a stock, while BILS (SPDR Bloomberg 3-12 Month T-Bill ETF) is Ultrashort Bond fund tracking the Bloomberg 3-12 Month U.S. Treasury Bill Index. Over the past 5 years, DPM.TO returned 43.35%/yr vs 6.10%/yr for BILS. At a correlation of -0.27, they often move in opposite directions.

Performance

DPM.TO vs. BILS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dundee Precious Metals Inc. (DPM.TO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DPM.TO is traded in CAD, while BILS is traded in USD. To make them comparable, the BILS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DPM.TO achieves a 8.50% return, which is significantly higher than BILS's 2.28% return.

DPM.TO

• 1D: 2.52%
• 1M: 1.26%
• YTD: 8.50%
• 6M: 18.38%
• 1Y: 112.51%
• 3Y*: 72.21%
• 5Y*: 43.35%
• 10Y*: 34.48%

BILS

• 1D: 0.01%
• 1M: 1.88%
• YTD: 2.28%
• 6M: 0.93%
• 1Y: 4.82%
• 3Y*: 5.73%
• 5Y*: 6.10%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DPM.TO vs. BILS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DPM.TO Dundee Precious Metals Inc.	8.50%	228.58%	56.68%	33.46%	-13.25%	-12.83%	2.74%
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	2.28%	-0.55%	14.20%	2.61%	8.09%	-0.98%	-4.53%

Correlation

The correlation between DPM.TO and BILS is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.27
Correlation (5Y) Calculated over the trailing 5-year period	-0.27
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020	-0.27

Return for Risk

DPM.TO vs. BILS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DPM.TO

DPM.TO Risk / Return Rank: 88
DPM.TO Sharpe Ratio Rank: 91
DPM.TO Sortino Ratio Rank: 85
DPM.TO Omega Ratio Rank: 86
DPM.TO Calmar Ratio Rank: 87
DPM.TO Martin Ratio Rank: 89

BILS

BILS Risk / Return Rank: 100
BILS Sharpe Ratio Rank: 100
BILS Sortino Ratio Rank: 100
BILS Omega Ratio Rank: 100
BILS Calmar Ratio Rank: 100
BILS Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DPM.TO vs. BILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dundee Precious Metals Inc. (DPM.TO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). 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.

	DPM.TO	BILS	Difference
Sharpe ratio Return per unit of total volatility	2.49	1.07	+1.43
Sortino ratio Return per unit of downside risk	2.77	1.48	+1.29
Omega ratio Gain probability vs. loss probability	1.38	1.19	+0.19
Calmar ratio Return relative to maximum drawdown	4.04	1.32	+2.71
Martin ratio Return relative to average drawdown	11.22	3.66	+7.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DPM.TO vs. BILS - Sharpe Ratio Comparison

The current DPM.TO Sharpe Ratio is 2.49, which is higher than the BILS Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of DPM.TO and BILS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DPM.TO	BILS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	1.07	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	0.97	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.56	-0.36

Drawdowns

DPM.TO vs. BILS - Drawdown Comparison

The maximum DPM.TO drawdown since its inception was -94.16%, which is greater than BILS's maximum drawdown of -10.11%. Use the drawdown chart below to compare losses from any high point for DPM.TO and BILS.

Drawdown Indicators

	DPM.TO	BILS	Difference
Max Drawdown Largest peak-to-trough decline	-94.16%	-10.11%	-84.05%
Max Drawdown (1Y) Largest decline over 1 year	-29.52%	-3.73%	-25.79%
Max Drawdown (3Y) Largest decline over 3 years	-29.52%	-5.22%	-24.30%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-5.22%	-36.66%
Max Drawdown (10Y) Largest decline over 10 years	-51.96%	—	—
Current Drawdown Current decline from peak	-22.49%	-0.06%	-22.43%
Average Drawdown Average peak-to-trough decline	-41.60%	-2.82%	-38.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.62%	1.34%	+9.28%

Volatility

DPM.TO vs. BILS - Volatility Comparison

Dundee Precious Metals Inc. (DPM.TO) has a higher volatility of 14.43% compared to SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) at 0.74%. This indicates that DPM.TO's price experiences larger fluctuations and is considered to be riskier than BILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPM.TO	BILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.43%	0.74%	+13.69%
Volatility (6M) Calculated over the trailing 6-month period	37.24%	3.46%	+33.78%
Volatility (1Y) Calculated over the trailing 1-year period	45.44%	4.63%	+40.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.47%	6.34%	+32.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.25%	6.33%	+40.92%

Dividends

DPM.TO vs. BILS - Dividend Comparison

DPM.TO's dividend yield for the trailing twelve months is around 0.57%, less than BILS's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	3.81%	4.08%	5.01%	4.98%	1.61%	0.00%	0.00%
DPM.TO Dundee Precious Metals Inc.	0.57%	0.62%	1.69%	2.52%	4.01%	1.92%	1.31%

Frequently Asked Questions

Can I hold both DPM.TO and BILS in my portfolio?

DPM.TO and BILS 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.