EQIN vs. BIL
EQIN (Columbia U.S. Equity Income ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - EQIN is a Large Cap Value Equities fund actively managed by Columbia, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. EQIN is actively managed, while BIL is passively managed. Over the past 10 years, EQIN returned 12.50%/yr vs 2.20%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. EQIN charges 0.35%/yr vs 0.14%/yr for BIL.
Performance
EQIN vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, EQIN achieves a 9.64% return, which is significantly higher than BIL's 1.67% return. Over the past 10 years, EQIN has outperformed BIL with an annualized return of 12.50%, while BIL has yielded a comparatively lower 2.20% annualized return.
EQIN
- 1D
- 0.74%
- 1M
- 2.08%
- YTD
- 9.64%
- 6M
- 8.95%
- 1Y
- 18.62%
- 3Y*
- 15.26%
- 5Y*
- 10.50%
- 10Y*
- 12.50%
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%
EQIN vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQIN Columbia U.S. Equity Income ETF | 9.64% | 9.37% | 13.82% | 11.58% | 0.66% | 31.18% | 0.67% | 30.67% | -12.22% | 20.05% |
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 EQIN and BIL is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2016 | -0.02 |
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Return for Risk
EQIN vs. BIL — Risk / Return Rank
EQIN
BIL
EQIN vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia U.S. Equity Income ETF (EQIN) 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.
| EQIN | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.52 | ||
| Sortino ratioReturn per unit of downside risk | -170.02 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 87.16 | -85.85 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 352.24 | -348.79 |
| Martin ratioReturn relative to average drawdown | 10.30 | 2,793.11 | -2,782.81 |
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Drawdowns
EQIN vs. BIL - Drawdown Comparison
The maximum EQIN drawdown since its inception was -42.16%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for EQIN and BIL.
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Drawdown Indicators
| EQIN | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.16% | -0.78% | -41.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.41% | -0.01% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.05% | -0.01% | -12.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.51% | -0.09% | -18.42% |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | -0.21% | -41.95% |
Current DrawdownCurrent decline from peak | -0.91% | 0.00% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -0.26% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 0.00% | +1.81% |
Volatility
EQIN vs. BIL - Volatility Comparison
Columbia U.S. Equity Income ETF (EQIN) has a higher volatility of 2.75% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that EQIN'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
| EQIN | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 0.07% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 0.14% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.40% | 0.20% | +10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 0.26% | +14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.59% | 0.26% | +18.33% |
EQIN vs. BIL - Expense Ratio Comparison
EQIN has a 0.35% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
EQIN vs. BIL - Dividend Comparison
EQIN's dividend yield for the trailing twelve months is around 1.88%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EQIN Columbia U.S. Equity Income ETF | 1.88% | 2.05% | 4.34% | 2.41% | 2.71% | 2.57% | 2.54% | 2.70% | 7.81% | 11.52% | 2.44% |
Frequently Asked Questions
EQIN 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.
EQIN has higher volatility (2.75%) compared to BIL (0.07%). In terms of maximum drawdown, EQIN dropped -42.16% vs BIL's -0.78%.
On 10-year performance, EQIN leads with 12.50% 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 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EQIN has performed better with a 12.50% 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 0.35% for EQIN.
BIL has the higher dividend yield at 3.85%, compared with 1.88% for EQIN.
EQIN is categorized as Large Cap Value Equities, while BIL is Government Bonds. They also come from different issuers: Columbia and State Street. Their fees differ too: 0.35% for EQIN and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.32 vs 1.80), 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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