GLFOX vs. BILS
Compare and contrast key facts about Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS).
GLFOX is managed by Lazard. It was launched on Dec 31, 2009. 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.
Performance
GLFOX vs. BILS - Performance Comparison
Loading graphics...
GLFOX vs. BILS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 5.88% | 23.53% | 6.43% | 10.59% | -1.59% | 19.67% | 4.86% |
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
In the year-to-date period, GLFOX achieves a 5.88% return, which is significantly higher than BILS's 0.80% return.
GLFOX
- 1D
- 1.38%
- 1M
- -7.06%
- YTD
- 5.88%
- 6M
- 11.00%
- 1Y
- 22.84%
- 3Y*
- 13.81%
- 5Y*
- 11.85%
- 10Y*
- 9.65%
BILS
- 1D
- 0.02%
- 1M
- 0.26%
- YTD
- 0.80%
- 6M
- 1.82%
- 1Y
- 3.99%
- 3Y*
- 4.67%
- 5Y*
- 3.17%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GLFOX vs. BILS - Expense Ratio Comparison
GLFOX has a 1.22% expense ratio, which is higher than BILS's 0.14% expense ratio.
Return for Risk
GLFOX vs. BILS — Risk / Return Rank
GLFOX
BILS
GLFOX vs. BILS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) 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.
| GLFOX | BILS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.20 | 16.39 | -14.19 |
Sortino ratioReturn per unit of downside risk | 2.79 | 75.13 | -72.34 |
Omega ratioGain probability vs. loss probability | 1.42 | 26.69 | -25.27 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 132.67 | -129.96 |
Martin ratioReturn relative to average drawdown | 11.32 | 1,118.82 | -1,107.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| GLFOX | BILS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 16.39 | -14.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 10.37 | -9.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 9.65 | -8.83 |
Correlation
The correlation between GLFOX and BILS is 0.03, 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.
Dividends
GLFOX vs. BILS - Dividend Comparison
GLFOX's dividend yield for the trailing twelve months is around 6.18%, more than BILS's 3.96% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 6.18% | 6.03% | 4.00% | 2.69% | 14.50% | 6.02% | 2.39% | 4.20% | 13.99% | 6.82% | 2.07% | 11.01% |
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% | 0.00% |
Drawdowns
GLFOX vs. BILS - Drawdown Comparison
The maximum GLFOX drawdown since its inception was -29.65%, which is greater than BILS's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for GLFOX and BILS.
Loading graphics...
Drawdown Indicators
| GLFOX | BILS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.65% | -0.41% | -29.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -0.03% | -8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.14% | -0.40% | -16.74% |
Max Drawdown (10Y)Largest decline over 10 years | -29.65% | — | — |
Current DrawdownCurrent decline from peak | -7.06% | 0.00% | -7.06% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -0.04% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.00% | +2.16% |
Volatility
GLFOX vs. BILS - Volatility Comparison
Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) has a higher volatility of 4.59% compared to SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) at 0.05%. This indicates that GLFOX'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.
Loading graphics...
Volatility by Period
| GLFOX | BILS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 0.05% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 0.15% | +7.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.76% | 0.24% | +10.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.71% | 0.31% | +10.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 0.30% | +12.97% |