GLTR vs. TBIL
GLTR (Aberdeen Standard Physical Precious Metals Basket Shares ETF) and TBIL (US Treasury 3 Month Bill ETF) are both exchange-traded funds - GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index, while TBIL is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill 3 Month Index. Both are passively managed. Over the past 3 years, GLTR returned 32.36%/yr vs 4.64%/yr for TBIL. At a 0.02 correlation, their price movements are largely independent. GLTR charges 0.60%/yr vs 0.15%/yr for TBIL.
Performance
GLTR vs. TBIL - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GLTR having a 1.47% return and TBIL slightly higher at 1.49%.
GLTR
- 1D
- -1.81%
- 1M
- -1.45%
- YTD
- 1.47%
- 6M
- 10.73%
- 1Y
- 53.06%
- 3Y*
- 32.36%
- 5Y*
- 15.32%
- 10Y*
- 13.17%
TBIL
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.49%
- 6M
- 1.78%
- 1Y
- 3.93%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
GLTR vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF | 1.47% | 87.25% | 20.63% | 2.01% | 2.54% |
TBIL US Treasury 3 Month Bill ETF | 1.49% | 4.19% | 5.15% | 5.12% | 1.30% |
Correlation
The correlation between GLTR and TBIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | 0.02 |
The correlation between GLTR and TBIL shifts across timeframes, from -0.12 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLTR vs. TBIL — Risk / Return Rank
GLTR
TBIL
GLTR vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) and US Treasury 3 Month Bill ETF (TBIL). 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.
| GLTR | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.36 | ||
| Sortino ratioReturn per unit of downside risk | -56.67 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 17.16 | -15.87 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 196.84 | -195.04 |
| Martin ratioReturn relative to average drawdown | 4.13 | 934.41 | -930.27 |
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
| GLTR | TBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 13.78 | -12.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 14.07 | -13.75 |
Drawdowns
GLTR vs. TBIL - Drawdown Comparison
The maximum GLTR drawdown since its inception was -55.70%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for GLTR and TBIL.
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Drawdown Indicators
| GLTR | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -0.10% | -55.60% |
Max Drawdown (1Y)Largest decline over 1 year | -29.70% | -0.02% | -29.68% |
Max Drawdown (3Y)Largest decline over 3 years | -29.70% | -0.02% | -29.68% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -29.70% | — | — |
Current DrawdownCurrent decline from peak | -26.86% | 0.00% | -26.86% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -0.00% | -28.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.88% | 0.00% | +12.88% |
Volatility
GLTR vs. TBIL - Volatility Comparison
Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) has a higher volatility of 9.13% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that GLTR's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLTR | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.13% | 0.08% | +9.05% |
Volatility (6M)Calculated over the trailing 6-month period | 35.41% | 0.19% | +35.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.58% | 0.29% | +37.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 0.32% | +23.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 0.32% | +20.18% |
GLTR vs. TBIL - Expense Ratio Comparison
GLTR has a 0.60% expense ratio, which is higher than TBIL's 0.15% expense ratio.
Dividends
GLTR vs. TBIL - Dividend Comparison
GLTR has not paid dividends to shareholders, while TBIL's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIL US Treasury 3 Month Bill ETF | 3.82% | 4.07% | 5.02% | 5.00% | 1.10% |
Frequently Asked Questions
GLTR and TBIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLTR has higher volatility (9.13%) compared to TBIL (0.08%). In terms of maximum drawdown, GLTR dropped -55.70% vs TBIL's -0.10%.
On 3-year performance, GLTR leads with 32.36% vs 4.64% for TBIL. On fees, TBIL is cheaper at 0.15% per year. On volatility, TBIL has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GLTR has performed better with a 32.36% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBIL is cheaper with a 0.15% expense ratio, compared with 0.60% for GLTR.
TBIL has the higher dividend yield at 3.82%, compared with 0.00% for GLTR.
GLTR is categorized as Precious Metals, while TBIL is Ultrashort Bond. GLTR tracks ETFS Physical Precious Metals Basket Index, while TBIL tracks ICE BofA US Treasury Bill 3 Month Index. They also come from different issuers: Aberdeen and US Benchmark Series. Their fees differ too: 0.60% for GLTR and 0.15% for TBIL.
TBIL currently has the higher Sharpe Ratio (13.78 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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