FIBR vs. BIL
Compare and contrast key facts about iShares U.S. Fixed Income Balanced Risk Factor ETF (FIBR) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
FIBR and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIBR is a passively managed fund by iShares that tracks the performance of the FIBR-US - Bloomberg U.S. Fixed Income Balanced Risk Index. It was launched on Feb 24, 2015. 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. Both FIBR and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIBR or BIL.
Key characteristics
| FIBR | BIL | |
|---|---|---|
| YTD Return | 5.69% | 4.55% |
| 1Y Return | 11.42% | 5.30% |
| 3Y Return (Ann) | -0.60% | 3.63% |
| 5Y Return (Ann) | 0.44% | 2.26% |
| Sharpe Ratio | 2.55 | 20.60 |
| Sortino Ratio | 4.11 | 338.80 |
| Omega Ratio | 1.54 | 240.57 |
| Calmar Ratio | 0.89 | 489.15 |
| Martin Ratio | 19.06 | 5,520.34 |
| Ulcer Index | 0.57% | 0.00% |
| Daily Std Dev | 4.27% | 0.26% |
| Max Drawdown | -18.47% | -0.77% |
| Current Drawdown | -2.24% | 0.00% |
Correlation
The correlation between FIBR and BIL is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIBR vs. BIL - Performance Comparison
In the year-to-date period, FIBR achieves a 5.69% return, which is significantly higher than BIL's 4.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIBR vs. BIL - Expense Ratio Comparison
FIBR has a 0.25% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FIBR vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Fixed Income Balanced Risk Factor ETF (FIBR) 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
FIBR vs. BIL - Dividend Comparison
FIBR's dividend yield for the trailing twelve months is around 4.91%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIBR iShares U.S. Fixed Income Balanced Risk Factor ETF | 4.91% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
FIBR vs. BIL - Drawdown Comparison
The maximum FIBR drawdown since its inception was -18.47%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for FIBR and BIL. For additional features, visit the drawdowns tool.
Volatility
FIBR vs. BIL - Volatility Comparison
iShares U.S. Fixed Income Balanced Risk Factor ETF (FIBR) has a higher volatility of 0.94% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that FIBR'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.