GLDW vs. BIL
GLDW (Roundhill Gold WeeklyPay ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. GLDW is actively managed, while BIL is passively managed. At a correlation of -0.08, they often move in opposite directions. GLDW charges 0.99%/yr vs 0.14%/yr for BIL.
Performance
GLDW vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -12.10% return, which is significantly lower than BIL's 1.92% return.
GLDW
- 1D
- -2.26%
- 1M
- -10.14%
- 6M
- -18.75%
- YTD
- -12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.81%
- 3Y*
- 4.58%
- 5Y*
- 3.50%
- 10Y*
- 2.23%
GLDW vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -12.10% | 9.36% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.92% | 0.65% |
Correlation
The correlation between GLDW and BIL is -0.08, 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 30, 2025 | -0.08 |
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Return for Risk
GLDW vs. BIL — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BIL
GLDW vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) 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.
| GLDW | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 69.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 349.26 | — |
| Martin ratioReturn relative to average drawdown | — | 2,476.82 | — |
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Drawdowns
GLDW vs. BIL - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for GLDW and BIL.
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Drawdown Indicators
| GLDW | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -0.78% | -31.77% |
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 | — | -0.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -32.55% | 0.00% | -32.55% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -0.26% | -11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
GLDW vs. BIL - Volatility Comparison
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Volatility by Period
| GLDW | 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 | 36.47% | 0.20% | +36.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.47% | 0.26% | +36.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.47% | 0.26% | +36.21% |
GLDW vs. BIL - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
GLDW vs. BIL - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.12%, more than BIL's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.81% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
GLDW Roundhill Gold WeeklyPay ETF | 26.12% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDW and BIL have a correlation of -0.08, 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 0.99% for GLDW.
GLDW has the higher dividend yield at 26.12%, compared with 3.81% for BIL.
GLDW is categorized as Derivative Income, while BIL is Government Bonds. Their fees differ too: 0.99% for GLDW and 0.14% for BIL.
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