HARD vs. BIL
Compare and contrast key facts about Simplify Commodities Strategy No K-1 ETF (HARD) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
HARD and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HARD is an actively managed fund by Simplify. It was launched on Mar 27, 2023. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HARD or BIL.
Key characteristics
| HARD | BIL | |
|---|---|---|
| YTD Return | 6.13% | 4.55% |
| 1Y Return | 4.44% | 5.30% |
| Sharpe Ratio | 0.31 | 20.60 |
| Sortino Ratio | 0.54 | 338.80 |
| Omega Ratio | 1.06 | 240.57 |
| Calmar Ratio | 0.33 | 489.15 |
| Martin Ratio | 0.80 | 5,520.34 |
| Ulcer Index | 4.84% | 0.00% |
| Daily Std Dev | 12.48% | 0.26% |
| Max Drawdown | -11.78% | -0.77% |
| Current Drawdown | -7.16% | 0.00% |
Correlation
The correlation between HARD and BIL 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.
Performance
HARD vs. BIL - Performance Comparison
In the year-to-date period, HARD achieves a 6.13% return, which is significantly higher than BIL's 4.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HARD vs. BIL - Expense Ratio Comparison
HARD has a 0.75% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
HARD vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Commodities Strategy No K-1 ETF (HARD) and SPDR Barclays 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.
Dividends
HARD vs. BIL - Dividend Comparison
HARD's dividend yield for the trailing twelve months is around 3.54%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
HARD Simplify Commodities Strategy No K-1 ETF | 3.54% | 1.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
HARD vs. BIL - Drawdown Comparison
The maximum HARD drawdown since its inception was -11.78%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for HARD and BIL. For additional features, visit the drawdowns tool.
Volatility
HARD vs. BIL - Volatility Comparison
Simplify Commodities Strategy No K-1 ETF (HARD) has a higher volatility of 6.22% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that HARD'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.