GPTY vs. BIL

Last updated Jun 3, 2026

GPTY (YieldMax AI & Tech Portfolio Option Income ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - GPTY is a Derivative Income fund actively managed by YieldMax, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. GPTY is actively managed, while BIL is passively managed. Over the past year, GPTY returned 62.19% vs 3.87% for BIL. At a correlation of -0.06, they often move in opposite directions. GPTY charges 0.99%/yr vs 0.14%/yr for BIL.

Performance

GPTY vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AI & Tech Portfolio Option Income ETF (GPTY) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPTY achieves a 38.32% return, which is significantly higher than BIL's 1.46% return.

GPTY

• 1D: 1.74%
• 1M: 20.22%
• YTD: 38.32%
• 6M: 36.02%
• 1Y: 62.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIL

• 1D: -0.01%
• 1M: 0.28%
• YTD: 1.46%
• 6M: 1.76%
• 1Y: 3.87%
• 3Y*: 4.63%
• 5Y*: 3.41%
• 10Y*: 2.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GPTY vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025
GPTY YieldMax AI & Tech Portfolio Option Income ETF	38.32%	17.15%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.46%	3.90%

Correlation

The correlation between GPTY and BIL is -0.06, 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 (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025	-0.06

Return for Risk

GPTY vs. BIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPTY

GPTY Risk / Return Rank: 68
GPTY Sharpe Ratio Rank: 79
GPTY Sortino Ratio Rank: 71
GPTY Omega Ratio Rank: 72
GPTY Calmar Ratio Rank: 65
GPTY Martin Ratio Rank: 51

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPTY vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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.

	GPTY	BIL	Difference
Sharpe ratio Return per unit of total volatility	2.62	19.71	-17.09
Sortino ratio Return per unit of downside risk	3.27	174.16	-170.89
Omega ratio Gain probability vs. loss probability	1.44	87.91	-86.47
Calmar ratio Return relative to maximum drawdown	3.30	355.62	-352.32
Martin ratio Return relative to average drawdown	8.83	2,825.49	-2,816.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPTY vs. BIL - Sharpe Ratio Comparison

The current GPTY Sharpe Ratio is 2.62, which is lower than the BIL Sharpe Ratio of 19.71. The chart below compares the historical Sharpe Ratios of GPTY and BIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPTY	BIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	19.71	-17.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	13.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	8.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	2.77	-1.28

Drawdowns

GPTY vs. BIL - Drawdown Comparison

The maximum GPTY drawdown since its inception was -26.62%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for GPTY and BIL.

Drawdown Indicators

	GPTY	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-26.62%	-0.78%	-25.84%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	-0.01%	-19.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	0.00%	-0.01%	+0.01%
Average Drawdown Average peak-to-trough decline	-6.54%	-0.26%	-6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.23%	0.00%	+7.23%

Volatility

GPTY vs. BIL - Volatility Comparison

YieldMax AI & Tech Portfolio Option Income ETF (GPTY) has a higher volatility of 7.16% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that GPTY's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPTY	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	0.05%	+7.11%
Volatility (6M) Calculated over the trailing 6-month period	18.12%	0.13%	+17.99%
Volatility (1Y) Calculated over the trailing 1-year period	23.91%	0.20%	+23.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.86%	0.26%	+28.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.86%	0.26%	+28.60%

GPTY vs. BIL - Expense Ratio Comparison

GPTY has a 0.99% expense ratio, which is higher than BIL's 0.14% expense ratio.

Dividends

GPTY vs. BIL - Dividend Comparison

GPTY's dividend yield for the trailing twelve months is around 31.09%, more than BIL's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.86%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%
GPTY YieldMax AI & Tech Portfolio Option Income ETF	31.09%	34.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPTY and BIL in my portfolio?

GPTY and BIL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPTY or BIL?

GPTY has higher volatility (7.16%) compared to BIL (0.05%). In terms of maximum drawdown, GPTY dropped -26.62% vs BIL's -0.78%.

Which ETF is better, GPTY or BIL?

On 1-year performance, GPTY leads with 62.19% vs 3.87% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GPTY or BIL?

Over the 1-year period, GPTY has performed better with a 62.19% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GPTY or BIL?

BIL is cheaper with a 0.14% expense ratio, compared with 0.99% for GPTY.

Which ETF pays a higher dividend yield, GPTY or BIL?

GPTY has the higher dividend yield at 31.09%, compared with 3.86% for BIL.

What is the main difference between GPTY and BIL?

GPTY is categorized as Derivative Income, while BIL is Government Bonds. They also come from different issuers: YieldMax and State Street. Their fees differ too: 0.99% for GPTY and 0.14% for BIL.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.71 vs 2.62), 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.