IBHC vs. BIL
Compare and contrast key facts about iShares iBonds 2023 Term High Yield & Income ETF (IBHC) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
IBHC and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBHC is a passively managed fund by iShares that tracks the performance of the Bloomberg 2023 Term High Yield and Income Index. It was launched on May 7, 2019. 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 IBHC 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: IBHC or BIL.
Key characteristics
| IBHC | BIL |
|---|
Correlation
The correlation between IBHC and BIL is 0.00, 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
IBHC 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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IBHC vs. BIL - Expense Ratio Comparison
IBHC has a 0.35% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
IBHC vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) 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
IBHC vs. BIL - Dividend Comparison
IBHC 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 | |
|---|---|---|---|---|---|---|---|---|---|
IBHC iShares iBonds 2023 Term High Yield & Income ETF | 0.41% | 4.16% | 3.02% | 4.27% | 5.51% | 3.68% | 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
IBHC vs. BIL - Drawdown Comparison
Volatility
IBHC vs. BIL - Volatility Comparison
The current volatility for iShares iBonds 2023 Term High Yield & Income ETF (IBHC) is 0.00%, while SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a volatility of 0.08%. This indicates that IBHC 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.