DVRIX vs. BIL
Compare and contrast key facts about MFS Global Alternative Strategy Fund (DVRIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
DVRIX is managed by MFS. It was launched on Dec 19, 2007. 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.
Performance
DVRIX vs. BIL - Performance Comparison
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DVRIX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DVRIX MFS Global Alternative Strategy Fund | -0.42% | 10.87% | 9.66% | 9.22% | -5.10% | 3.67% | 4.66% | 13.01% | -0.39% | 6.40% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, DVRIX achieves a -0.42% return, which is significantly lower than BIL's 0.85% return. Over the past 10 years, DVRIX has outperformed BIL with an annualized return of 4.85%, while BIL has yielded a comparatively lower 2.12% annualized return.
DVRIX
- 1D
- 0.28%
- 1M
- -2.81%
- YTD
- -0.42%
- 6M
- 0.45%
- 1Y
- 5.69%
- 3Y*
- 8.70%
- 5Y*
- 5.55%
- 10Y*
- 4.85%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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DVRIX vs. BIL - Expense Ratio Comparison
DVRIX has a 1.05% expense ratio, which is higher than BIL's 0.14% expense ratio.
Return for Risk
DVRIX vs. BIL — Risk / Return Rank
DVRIX
BIL
DVRIX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Global Alternative Strategy Fund (DVRIX) 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.
| DVRIX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 19.52 | -18.28 |
Sortino ratioReturn per unit of downside risk | 1.72 | 254.04 | -252.32 |
Omega ratioGain probability vs. loss probability | 1.27 | 180.28 | -179.01 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 365.54 | -363.89 |
Martin ratioReturn relative to average drawdown | 7.05 | 4,104.04 | -4,096.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DVRIX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 19.52 | -18.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 12.54 | -11.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 8.22 | -7.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 2.72 | -2.30 |
Correlation
The correlation between DVRIX and BIL is -0.01. 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.
Dividends
DVRIX vs. BIL - Dividend Comparison
DVRIX's dividend yield for the trailing twelve months is around 1.15%, less than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVRIX MFS Global Alternative Strategy Fund | 1.15% | 1.15% | 1.65% | 1.15% | 0.60% | 0.60% | 0.64% | 1.14% | 1.11% | 2.17% | 2.87% | 1.15% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 3.66% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
DVRIX vs. BIL - Drawdown Comparison
The maximum DVRIX drawdown since its inception was -36.61%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for DVRIX and BIL.
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Drawdown Indicators
| DVRIX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -0.78% | -35.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.45% | -0.01% | -3.44% |
Max Drawdown (5Y)Largest decline over 5 years | -9.88% | -0.12% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -12.80% | -0.21% | -12.59% |
Current DrawdownCurrent decline from peak | -2.81% | 0.00% | -2.81% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.26% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.00% | +0.81% |
Volatility
DVRIX vs. BIL - Volatility Comparison
MFS Global Alternative Strategy Fund (DVRIX) has a higher volatility of 1.43% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that DVRIX'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.
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Volatility by Period
| DVRIX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 0.05% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 0.14% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.76% | 0.21% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 0.26% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.21% | 0.26% | +4.95% |