GLDB vs. BIL
GLDB (Strategy Shares Gold-Hedged Bond ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - GLDB is a Nontraditional Bonds fund tracking the Solactive Gold Backed Bond Index - Benchmark TR Gross, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. At a correlation of -0.04, they often move in opposite directions. GLDB charges 0.79%/yr vs 0.14%/yr for BIL.
Performance
GLDB vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, GLDB achieves a -15.33% return, which is significantly lower than BIL's 1.66% return.
GLDB
- 1D
- 0.21%
- 1M
- -13.50%
- YTD
- -15.33%
- 6M
- -16.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 1.75%
- 1Y
- 3.85%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
GLDB vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | -15.33% | -3.56% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.66% | 0.72% |
Correlation
The correlation between GLDB and BIL is -0.04, 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 (All Time) Calculated using the full available price history since Oct 24, 2025 | -0.04 |
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Return for Risk
GLDB vs. BIL — Risk / Return Rank
GLDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIL
GLDB vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) and SPDR Bloomberg 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.
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.
| GLDB | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 87.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 353.28 | — |
| Martin ratioReturn relative to average drawdown | — | 2,801.35 | — |
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Drawdowns
GLDB vs. BIL - Drawdown Comparison
The maximum GLDB drawdown since its inception was -33.45%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for GLDB and BIL.
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Drawdown Indicators
| GLDB | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.45% | -0.78% | -32.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.01% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -32.62% | 0.00% | -32.62% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -0.26% | -14.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
GLDB vs. BIL - Volatility Comparison
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Volatility by Period
| GLDB | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.03% | 0.20% | +39.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.03% | 0.26% | +39.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.03% | 0.26% | +39.77% |
GLDB vs. BIL - Expense Ratio Comparison
GLDB has a 0.79% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
GLDB vs. BIL - Dividend Comparison
GLDB's dividend yield for the trailing twelve months is around 0.23%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
GLDB Strategy Shares Gold-Hedged Bond ETF | 0.23% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDB and BIL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BIL is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BIL is cheaper with a 0.14% expense ratio, compared with 0.79% for GLDB.
BIL has the higher dividend yield at 3.85%, compared with 0.23% for GLDB.
GLDB is categorized as Nontraditional Bonds, while BIL is Government Bonds. GLDB tracks Solactive Gold Backed Bond Index - Benchmark TR Gross, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: Strategy Shares and State Street. Their fees differ too: 0.79% for GLDB and 0.14% for BIL.
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