EIDO vs. BIL
EIDO (iShares MSCI Indonesia ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 10 years, EIDO returned -3.60%/yr vs 2.20%/yr for BIL. At a correlation of -0.01, they often move in opposite directions. EIDO charges 0.59%/yr vs 0.14%/yr for BIL.
Performance
EIDO vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, EIDO achieves a -33.53% return, which is significantly lower than BIL's 1.67% return. Over the past 10 years, EIDO has underperformed BIL with an annualized return of -3.60%, while BIL has yielded a comparatively higher 2.20% annualized return.
EIDO
- 1D
- 0.41%
- 1M
- -5.05%
- YTD
- -33.53%
- 6M
- -32.96%
- 1Y
- -25.70%
- 3Y*
- -15.88%
- 5Y*
- -7.01%
- 10Y*
- -3.60%
BIL
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.67%
- 6M
- 1.76%
- 1Y
- 3.84%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
EIDO vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EIDO iShares MSCI Indonesia ETF | -33.53% | 4.90% | -13.02% | 2.56% | -0.16% | -0.60% | -7.13% | 5.30% | -10.88% | 19.40% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.67% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between EIDO and BIL is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | -0.01 |
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Return for Risk
EIDO vs. BIL — Risk / Return Rank
EIDO
BIL
EIDO vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) 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.
| EIDO | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.33 | ||
| Sortino ratioReturn per unit of downside risk | -174.05 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 87.16 | -86.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 352.24 | -352.83 |
| Martin ratioReturn relative to average drawdown | -1.77 | 2,793.11 | -2,794.88 |
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Drawdowns
EIDO vs. BIL - Drawdown Comparison
The maximum EIDO drawdown since its inception was -63.21%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for EIDO and BIL.
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Drawdown Indicators
| EIDO | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.21% | -0.78% | -62.43% |
Max Drawdown (1Y)Largest decline over 1 year | -43.81% | -0.01% | -43.80% |
Max Drawdown (3Y)Largest decline over 3 years | -51.77% | -0.01% | -51.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.77% | -0.09% | -51.68% |
Max Drawdown (10Y)Largest decline over 10 years | -59.41% | -0.21% | -59.20% |
Current DrawdownCurrent decline from peak | -54.63% | 0.00% | -54.63% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -0.26% | -24.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.51% | 0.00% | +14.51% |
Volatility
EIDO vs. BIL - Volatility Comparison
iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 14.34% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that EIDO'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
| EIDO | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 0.07% | +14.27% |
Volatility (6M)Calculated over the trailing 6-month period | 22.25% | 0.14% | +22.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.45% | 0.20% | +25.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.51% | 0.26% | +20.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 0.26% | +24.72% |
EIDO vs. BIL - Expense Ratio Comparison
EIDO has a 0.59% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
EIDO vs. BIL - Dividend Comparison
EIDO's dividend yield for the trailing twelve months is around 3.35%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
EIDO iShares MSCI Indonesia ETF | 3.35% | 3.56% | 5.20% | 2.94% | 2.53% | 1.33% | 1.51% | 1.78% | 1.99% | 1.26% | 1.16% | 1.67% |
Frequently Asked Questions
EIDO and BIL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EIDO has higher volatility (14.34%) compared to BIL (0.07%). In terms of maximum drawdown, EIDO dropped -63.21% vs BIL's -0.78%.
On 10-year performance, BIL leads with 2.20% vs -3.60% for EIDO. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIL has performed better with a 2.20% return vs -3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.59% for EIDO.
BIL has the higher dividend yield at 3.85%, compared with 3.35% for EIDO.
EIDO is categorized as Asia Pacific Equities, while BIL is Government Bonds. EIDO tracks MSCI Indonesia Investable Market Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for EIDO and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.32 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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