ICSH vs. BIL
Compare and contrast key facts about iShares Ultra Short-Term Bond ETF (ICSH) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
ICSH and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICSH is an actively managed fund by iShares. It was launched on Dec 11, 2013. 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: ICSH or BIL.
Key characteristics
| ICSH | BIL | |
|---|---|---|
| YTD Return | 4.73% | 4.35% |
| 1Y Return | 6.07% | 5.29% |
| 3Y Return (Ann) | 3.74% | 3.56% |
| 5Y Return (Ann) | 2.66% | 2.23% |
| 10Y Return (Ann) | 2.40% | 1.53% |
| Sharpe Ratio | 14.22 | 20.56 |
| Sortino Ratio | 41.64 | 334.81 |
| Omega Ratio | 9.90 | 237.74 |
| Calmar Ratio | 87.56 | 485.71 |
| Martin Ratio | 607.97 | 5,453.66 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.43% | 0.26% |
| Max Drawdown | -3.94% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ICSH and BIL is 0.09, 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
ICSH vs. BIL - Performance Comparison
In the year-to-date period, ICSH achieves a 4.73% return, which is significantly higher than BIL's 4.35% return. Over the past 10 years, ICSH has outperformed BIL with an annualized return of 2.40%, while BIL has yielded a comparatively lower 1.53% annualized 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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ICSH vs. BIL - Expense Ratio Comparison
ICSH has a 0.08% 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
ICSH vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ultra Short-Term Bond ETF (ICSH) 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
ICSH vs. BIL - Dividend Comparison
ICSH's dividend yield for the trailing twelve months is around 5.28%, more than BIL's 5.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICSH iShares Ultra Short-Term Bond ETF | 5.28% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.20% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
Drawdowns
ICSH vs. BIL - Drawdown Comparison
The maximum ICSH drawdown since its inception was -3.94%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for ICSH and BIL. For additional features, visit the drawdowns tool.
Volatility
ICSH vs. BIL - Volatility Comparison
iShares Ultra Short-Term Bond ETF (ICSH) has a higher volatility of 0.09% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that ICSH'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.