FMFIX vs. BIL
Compare and contrast key facts about RBB Free Market Fixed Income Fund (FMFIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
FMFIX is managed by RBB Funds. It was launched on Dec 31, 2007. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FMFIX or BIL.
Correlation
The correlation between FMFIX and BIL is 0.05, 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
FMFIX vs. BIL - Performance Comparison
Key characteristics
FMFIX:
2.80
BIL:
20.68
FMFIX:
4.20
BIL:
263.20
FMFIX:
1.59
BIL:
152.96
FMFIX:
1.79
BIL:
465.05
FMFIX:
15.94
BIL:
4,283.26
FMFIX:
0.33%
BIL:
0.00%
FMFIX:
1.85%
BIL:
0.25%
FMFIX:
-9.47%
BIL:
-0.77%
FMFIX:
0.00%
BIL:
0.00%
Returns By Period
In the year-to-date period, FMFIX achieves a 0.81% return, which is significantly higher than BIL's 0.52% return. Over the past 10 years, FMFIX has underperformed BIL with an annualized return of 1.25%, while BIL has yielded a comparatively higher 1.67% annualized return.
FMFIX
0.81%
0.71%
1.56%
4.97%
0.85%
1.25%
BIL
0.52%
0.30%
2.32%
5.00%
2.42%
1.67%
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FMFIX vs. BIL - Expense Ratio Comparison
FMFIX has a 0.68% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
FMFIX vs. BIL — Risk-Adjusted Performance Rank
FMFIX
BIL
FMFIX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RBB Free Market Fixed Income Fund (FMFIX) 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
FMFIX vs. BIL - Dividend Comparison
FMFIX's dividend yield for the trailing twelve months is around 3.87%, less than BIL's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMFIX RBB Free Market Fixed Income Fund | 3.87% | 3.90% | 2.75% | 1.35% | 0.37% | 0.91% | 1.44% | 2.44% | 1.15% | 0.81% | 0.24% | 0.73% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.93% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
Drawdowns
FMFIX vs. BIL - Drawdown Comparison
The maximum FMFIX drawdown since its inception was -9.47%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for FMFIX and BIL. For additional features, visit the drawdowns tool.
Volatility
FMFIX vs. BIL - Volatility Comparison
RBB Free Market Fixed Income Fund (FMFIX) has a higher volatility of 0.47% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that FMFIX'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.