GBIL vs. BIL
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
GBIL and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. 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 GBIL 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: GBIL or BIL.
Key characteristics
| GBIL | BIL | |
|---|---|---|
| YTD Return | 1.71% | 1.82% |
| 1Y Return | 5.15% | 5.32% |
| 3Y Return (Ann) | 2.52% | 2.70% |
| 5Y Return (Ann) | 1.96% | 1.93% |
| Sharpe Ratio | 4.63 | 20.10 |
| Daily Std Dev | 1.11% | 0.27% |
| Max Drawdown | -0.76% | -0.77% |
| Current Drawdown | -0.26% | 0.00% |
Correlation
The correlation between GBIL and BIL is 0.29, 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
GBIL vs. BIL - Performance Comparison
In the year-to-date period, GBIL achieves a 1.71% return, which is significantly lower than BIL's 1.82% 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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GBIL vs. BIL - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than BIL's 0.14% expense ratio. Despite the difference, 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
GBIL vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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
GBIL vs. BIL - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 5.06%, less than BIL's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.06% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.18% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
GBIL vs. BIL - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, roughly equal to the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for GBIL and BIL. For additional features, visit the drawdowns tool.
Volatility
GBIL vs. BIL - Volatility Comparison
Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and SPDR Barclays 1-3 Month T-Bill ETF (BIL) have volatilities of 0.08% and 0.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.