IBDO vs. BIL
Compare and contrast key facts about iShares iBonds Dec 2023 Term Corporate ETF (IBDO) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
IBDO and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBDO is a passively managed fund by iShares that tracks the performance of the Bloomberg December 2023 Maturity Corporate Index. It was launched on Mar 12, 2015. 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. Both IBDO and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBDO or BIL.
Key characteristics
| IBDO | BIL |
|---|
Correlation
The correlation between IBDO 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
IBDO vs. BIL - Performance Comparison
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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IBDO vs. BIL - Expense Ratio Comparison
IBDO has a 0.10% expense ratio, which is lower than BIL's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IBDO vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) 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
IBDO vs. BIL - Dividend Comparison
IBDO has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 5.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBDO iShares iBonds Dec 2023 Term Corporate ETF | 0.44% | 3.61% | 1.85% | 1.80% | 2.47% | 3.01% | 3.10% | 2.91% | 3.01% | 2.39% |
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% | 0.00% |
Drawdowns
IBDO vs. BIL - Drawdown Comparison
Volatility
IBDO vs. BIL - Volatility Comparison
The current volatility for iShares iBonds Dec 2023 Term Corporate ETF (IBDO) is 0.00%, while SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a volatility of 0.07%. This indicates that IBDO experiences smaller price fluctuations and is considered to be less risky than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.