GBIL vs. BILS
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS).
GBIL and BILS 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. BILS is a passively managed fund by State Street that tracks the performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index. It was launched on Sep 24, 2020. Both GBIL and BILS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GBIL vs. BILS - Performance Comparison
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GBIL vs. BILS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 0.80% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | -0.01% |
BILS SPDR Bloomberg 3-12 Month T-Bill ETF | 0.80% | 4.23% | 5.17% | 4.92% | 0.90% | -0.08% | 0.00% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with GBIL at 0.80% and BILS at 0.80%.
GBIL
- 1D
- 0.01%
- 1M
- 0.26%
- YTD
- 0.80%
- 6M
- 1.83%
- 1Y
- 3.99%
- 3Y*
- 4.66%
- 5Y*
- 3.19%
- 10Y*
- —
BILS
- 1D
- 0.02%
- 1M
- 0.26%
- YTD
- 0.80%
- 6M
- 1.82%
- 1Y
- 3.99%
- 3Y*
- 4.67%
- 5Y*
- 3.17%
- 10Y*
- —
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GBIL vs. BILS - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than BILS'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%.
Return for Risk
GBIL vs. BILS — Risk / Return Rank
GBIL
BILS
GBIL vs. BILS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). 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.
| GBIL | BILS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 16.02 | 16.39 | -0.37 |
Sortino ratioReturn per unit of downside risk | 81.72 | 75.13 | +6.59 |
Omega ratioGain probability vs. loss probability | 24.01 | 26.69 | -2.69 |
Calmar ratioReturn relative to maximum drawdown | 199.80 | 132.67 | +67.13 |
Martin ratioReturn relative to average drawdown | 1,295.81 | 1,118.82 | +176.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GBIL | BILS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 16.02 | 16.39 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 5.54 | 10.37 | -4.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.79 | 9.65 | -4.87 |
Correlation
The correlation between GBIL and BILS is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GBIL vs. BILS - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 3.89%, less than BILS's 3.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.89% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
BILS SPDR Bloomberg 3-12 Month T-Bill ETF | 3.96% | 4.08% | 5.01% | 4.98% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBIL vs. BILS - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, which is greater than BILS's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for GBIL and BILS.
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Drawdown Indicators
| GBIL | BILS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -0.41% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -0.03% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -0.40% | -0.36% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -0.04% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
GBIL vs. BILS - Volatility Comparison
Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) has a higher volatility of 0.08% compared to SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) at 0.05%. This indicates that GBIL's price experiences larger fluctuations and is considered to be riskier than BILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBIL | BILS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 0.05% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.15% | 0.15% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 0.24% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 0.31% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 0.30% | +0.17% |