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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVRIX or BIL.
Key characteristics
| DVRIX | BIL | |
|---|---|---|
| YTD Return | 7.71% | 2.00% |
| 1Y Return | 12.99% | 5.31% |
| 3Y Return (Ann) | 4.73% | 2.75% |
| 5Y Return (Ann) | 5.10% | 1.96% |
| 10Y Return (Ann) | 3.52% | 1.29% |
| Sharpe Ratio | 3.45 | 20.37 |
| Daily Std Dev | 3.74% | 0.26% |
| Max Drawdown | -39.62% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
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.
Performance
DVRIX vs. BIL - Performance Comparison
In the year-to-date period, DVRIX achieves a 7.71% return, which is significantly higher than BIL's 2.00% return. Over the past 10 years, DVRIX has outperformed BIL with an annualized return of 3.52%, 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DVRIX vs. BIL - Expense Ratio Comparison
DVRIX has a 1.05% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
DVRIX vs. BIL - Risk-Adjusted Performance 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.
Dividends
DVRIX vs. BIL - Dividend Comparison
DVRIX's dividend yield for the trailing twelve months is around 1.07%, less than BIL's 5.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVRIX MFS Global Alternative Strategy Fund | 1.07% | 1.16% | 0.60% | 0.60% | 0.64% | 1.14% | 1.11% | 2.17% | 2.87% | 1.15% | 1.10% | 1.44% |
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
DVRIX vs. BIL - Drawdown Comparison
The maximum DVRIX drawdown since its inception was -39.62%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for DVRIX and BIL. For additional features, visit the drawdowns tool.
Volatility
DVRIX vs. BIL - Volatility Comparison
MFS Global Alternative Strategy Fund (DVRIX) has a higher volatility of 0.90% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. 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.