Correlation
The correlation between IBTI and BIL is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
IBTI vs. BIL
Compare and contrast key facts about iShares iBonds Dec 2028 Term Treasury ETF (IBTI) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
IBTI and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTI is a passively managed fund by iShares that tracks the performance of the ICE 2028 Maturity US Treasury Index. It was launched on Feb 25, 2020. 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 IBTI 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: IBTI or BIL.
Performance
IBTI vs. BIL - Performance Comparison
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Key characteristics
IBTI:
2.22
BIL:
20.88
IBTI:
3.40
BIL:
301.00
IBTI:
1.42
BIL:
208.79
IBTI:
0.52
BIL:
435.17
IBTI:
5.97
BIL:
4,890.74
IBTI:
1.17%
BIL:
0.00%
IBTI:
3.18%
BIL:
0.23%
IBTI:
-18.45%
BIL:
-0.77%
IBTI:
-7.04%
BIL:
0.00%
Returns By Period
In the year-to-date period, IBTI achieves a 3.01% return, which is significantly higher than BIL's 1.72% return.
IBTI
3.01%
-0.43%
2.76%
6.98%
1.94%
-1.25%
N/A
BIL
1.72%
0.36%
2.13%
4.73%
4.41%
2.61%
1.79%
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IBTI vs. BIL - Expense Ratio Comparison
IBTI has a 0.07% 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
IBTI vs. BIL — Risk-Adjusted Performance Rank
IBTI
BIL
IBTI vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) 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.
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Dividends
IBTI vs. BIL - Dividend Comparison
IBTI's dividend yield for the trailing twelve months is around 3.87%, less than BIL's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.68% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
IBTI vs. BIL - Drawdown Comparison
The maximum IBTI drawdown since its inception was -18.45%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for IBTI and BIL.
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Volatility
IBTI vs. BIL - Volatility Comparison
iShares iBonds Dec 2028 Term Treasury ETF (IBTI) has a higher volatility of 0.85% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that IBTI'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.
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