EPI vs. BIL
EPI (WisdomTree India Earnings Fund) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - EPI is a Asia Pacific Equities fund tracking the WisdomTree India Earnings 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, EPI returned 9.31%/yr vs 2.20%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. EPI charges 0.84%/yr vs 0.14%/yr for BIL.
Performance
EPI vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, EPI achieves a -9.12% return, which is significantly lower than BIL's 1.60% return. Over the past 10 years, EPI has outperformed BIL with an annualized return of 9.31%, while BIL has yielded a comparatively lower 2.20% annualized return.
EPI
- 1D
- 0.65%
- 1M
- -0.33%
- YTD
- -9.12%
- 6M
- -6.55%
- 1Y
- -10.30%
- 3Y*
- 7.36%
- 5Y*
- 5.53%
- 10Y*
- 9.31%
BIL
- 1D
- 0.03%
- 1M
- 0.32%
- YTD
- 1.60%
- 6M
- 1.76%
- 1Y
- 3.89%
- 3Y*
- 4.63%
- 5Y*
- 3.43%
- 10Y*
- 2.20%
EPI vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | -9.12% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.60% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between EPI and BIL is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2008 | -0.02 |
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Return for Risk
EPI vs. BIL — Risk / Return Rank
EPI
BIL
EPI vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) 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.
| EPI | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.32 | ||
| Sortino ratioReturn per unit of downside risk | -176.07 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 88.41 | -87.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 357.44 | -358.05 |
| Martin ratioReturn relative to average drawdown | -1.44 | 2,834.34 | -2,835.78 |
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Drawdowns
EPI vs. BIL - Drawdown Comparison
The maximum EPI drawdown since its inception was -66.21%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for EPI and BIL.
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Drawdown Indicators
| EPI | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.21% | -0.78% | -65.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.88% | -0.01% | -16.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.89% | -0.01% | -21.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.89% | -0.09% | -21.80% |
Max Drawdown (10Y)Largest decline over 10 years | -50.29% | -0.21% | -50.08% |
Current DrawdownCurrent decline from peak | -17.00% | 0.00% | -17.00% |
Average DrawdownAverage peak-to-trough decline | -18.65% | -0.26% | -18.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.17% | 0.00% | +7.17% |
Volatility
EPI vs. BIL - Volatility Comparison
WisdomTree India Earnings Fund (EPI) has a higher volatility of 4.09% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that EPI'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
| EPI | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 0.06% | +4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 0.14% | +12.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 0.20% | +14.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 0.26% | +15.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.35% | 0.26% | +20.09% |
EPI vs. BIL - Expense Ratio Comparison
EPI has a 0.84% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
EPI vs. BIL - Dividend Comparison
EPI has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
Frequently Asked Questions
EPI and BIL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPI has higher volatility (4.09%) compared to BIL (0.06%). In terms of maximum drawdown, EPI dropped -66.21% vs BIL's -0.78%.
On 10-year performance, EPI leads with 9.31% vs 2.20% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EPI has performed better with a 9.31% return vs 2.20%. 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 0.84% for EPI.
BIL has the higher dividend yield at 3.86%, compared with 0.00% for EPI.
EPI is categorized as Asia Pacific Equities, while BIL is Government Bonds. EPI tracks WisdomTree India Earnings Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.84% for EPI and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.63 vs -0.69), 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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