FCTE vs. VBIL

Last updated Jun 23, 2026

FCTE (SMI 3Fourteen Full-Cycle Trend ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - FCTE is a Large Cap Blend Equities fund actively managed by SMI 3Fourteen, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. FCTE is actively managed, while VBIL is passively managed. Over the past year, FCTE returned 9.31% vs 3.91% for VBIL. At a 0.07 correlation, their price movements are largely independent. FCTE charges 0.85%/yr vs 0.07%/yr for VBIL.

Performance

FCTE vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SMI 3Fourteen Full-Cycle Trend ETF (FCTE) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCTE achieves a 13.07% return, which is significantly higher than VBIL's 1.70% return.

FCTE

• 1D: 0.37%
• 1M: 4.71%
• YTD: 13.07%
• 6M: 11.47%
• 1Y: 9.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.03%
• 1M: 0.29%
• YTD: 1.70%
• 6M: 1.81%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FCTE vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
FCTE SMI 3Fourteen Full-Cycle Trend ETF	13.07%	-8.36%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.70%	3.73%

Correlation

The correlation between FCTE and VBIL is 0.05, 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	0.05
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025	0.07

Return for Risk

FCTE vs. VBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCTE

FCTE Risk / Return Rank: 18
FCTE Sharpe Ratio Rank: 18
FCTE Sortino Ratio Rank: 18
FCTE Omega Ratio Rank: 17
FCTE Calmar Ratio Rank: 17
FCTE Martin Ratio Rank: 18

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCTE vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SMI 3Fourteen Full-Cycle Trend ETF (FCTE) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.

	FCTE	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	0.62	18.07	-17.46
Sortino ratio: Return per unit of downside risk	0.98	111.81	-110.83
Omega ratio: Gain probability vs. loss probability	1.12	39.66	-38.54
Calmar ratio: Return relative to maximum drawdown	0.73	296.41	-295.69
Martin ratio: Return relative to average drawdown	2.01	1,809.33	-1,807.32

FCTE vs. VBIL - Sharpe Ratio Comparison

The current FCTE Sharpe Ratio is 0.62, which is lower than the VBIL Sharpe Ratio of 18.07. The chart below compares the historical Sharpe Ratios of FCTE and VBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FCTE vs. VBIL - Drawdown Comparison

The maximum FCTE drawdown since its inception was -19.68%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for FCTE and VBIL.

Drawdown Indicators

	FCTE	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-19.68%	-0.09%	-19.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.85%	-0.01%	-12.84%
Current Drawdown Current decline from peak	-0.05%	0.00%	-0.05%
Average Drawdown Average peak-to-trough decline	-5.89%	-0.00%	-5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	0.00%	+4.64%

Volatility

FCTE vs. VBIL - Volatility Comparison

SMI 3Fourteen Full-Cycle Trend ETF (FCTE) has a higher volatility of 4.17% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.05%. This indicates that FCTE's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCTE	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	0.05%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	0.16%	+12.35%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	0.22%	+14.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.63%	0.30%	+18.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.63%	0.30%	+18.33%

FCTE vs. VBIL - Expense Ratio Comparison

FCTE has a 0.85% expense ratio, which is higher than VBIL's 0.07% expense ratio.

Dividends

FCTE vs. VBIL - Dividend Comparison

FCTE's dividend yield for the trailing twelve months is around 0.08%, less than VBIL's 3.65% yield.

Position	TTM	2025	2024
FCTE SMI 3Fourteen Full-Cycle Trend ETF	0.08%	0.18%	0.18%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%	0.00%

Frequently Asked Questions

Can I hold both FCTE and VBIL in my portfolio?

FCTE and VBIL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCTE or VBIL?

FCTE has higher volatility (4.17%) compared to VBIL (0.05%). In terms of maximum drawdown, FCTE dropped -19.68% vs VBIL's -0.09%.

Which ETF is better, FCTE or VBIL?

On 1-year performance, FCTE leads with 9.31% vs 3.91% for VBIL. On fees, VBIL is cheaper at 0.07% per year. On volatility, VBIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCTE or VBIL?

Over the 1-year period, FCTE has performed better with a 9.31% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCTE or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.85% for FCTE.

Which ETF pays a higher dividend yield, FCTE or VBIL?

VBIL has the higher dividend yield at 3.65%, compared with 0.08% for FCTE.

What is the main difference between FCTE and VBIL?

FCTE is categorized as Large Cap Blend Equities, while VBIL is Ultrashort Bond. They also come from different issuers: SMI 3Fourteen and Vanguard. Their fees differ too: 0.85% for FCTE and 0.07% for VBIL.

Which has better risk-adjusted returns?

VBIL currently has the higher Sharpe Ratio (18.07 vs 0.62), 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.