IDX vs. BIL
IDX (VanEck Vectors Indonesia Index ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - IDX is a Asia Pacific Equities fund tracking the MVIS Indonesia Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 10 years, IDX returned -3.74%/yr vs 2.20%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. IDX charges 0.57%/yr vs 0.14%/yr for BIL.
Performance
IDX vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, IDX achieves a -34.46% return, which is significantly lower than BIL's 1.66% return. Over the past 10 years, IDX has underperformed BIL with an annualized return of -3.74%, while BIL has yielded a comparatively higher 2.20% annualized return.
IDX
- 1D
- -2.52%
- 1M
- -1.99%
- YTD
- -34.46%
- 6M
- -35.63%
- 1Y
- -22.52%
- 3Y*
- -12.66%
- 5Y*
- -7.43%
- 10Y*
- -3.74%
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 1.75%
- 1Y
- 3.85%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
IDX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDX VanEck Vectors Indonesia Index ETF | -34.46% | 13.83% | -9.75% | 1.98% | -9.40% | -2.59% | -7.45% | 6.26% | -10.46% | 19.24% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.66% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between IDX and BIL is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2009 | -0.02 |
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Return for Risk
IDX vs. BIL — Risk / Return Rank
IDX
BIL
IDX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Indonesia Index ETF (IDX) and SPDR Bloomberg 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IDX | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.20 | ||
| Sortino ratioReturn per unit of downside risk | -174.19 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 87.41 | -86.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 353.28 | -353.79 |
| Martin ratioReturn relative to average drawdown | -1.48 | 2,801.35 | -2,802.82 |
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Drawdowns
IDX vs. BIL - Drawdown Comparison
The maximum IDX drawdown since its inception was -63.14%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for IDX and BIL.
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Drawdown Indicators
| IDX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -0.78% | -62.36% |
Max Drawdown (1Y)Largest decline over 1 year | -44.52% | -0.01% | -44.51% |
Max Drawdown (3Y)Largest decline over 3 years | -46.73% | -0.01% | -46.72% |
Max Drawdown (5Y)Largest decline over 5 years | -51.25% | -0.09% | -51.16% |
Max Drawdown (10Y)Largest decline over 10 years | -59.11% | -0.21% | -58.90% |
Current DrawdownCurrent decline from peak | -55.55% | 0.00% | -55.55% |
Average DrawdownAverage peak-to-trough decline | -24.91% | -0.26% | -24.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.29% | 0.00% | +15.29% |
Volatility
IDX vs. BIL - Volatility Comparison
VanEck Vectors Indonesia Index ETF (IDX) has a higher volatility of 13.98% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that IDX'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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Volatility by Period
| IDX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.98% | 0.07% | +13.91% |
Volatility (6M)Calculated over the trailing 6-month period | 24.92% | 0.14% | +24.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.43% | 0.20% | +27.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 0.26% | +20.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 0.26% | +24.29% |
IDX vs. BIL - Expense Ratio Comparison
IDX has a 0.57% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
IDX vs. BIL - Dividend Comparison
IDX's dividend yield for the trailing twelve months is around 3.18%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
IDX VanEck Vectors Indonesia Index ETF | 3.18% | 2.08% | 4.01% | 3.62% | 3.64% | 1.08% | 1.66% | 2.21% | 2.19% | 1.85% | 1.16% | 2.43% |
Frequently Asked Questions
IDX and BIL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDX has higher volatility (13.98%) compared to BIL (0.07%). In terms of maximum drawdown, IDX dropped -63.14% vs BIL's -0.78%.
On 10-year performance, BIL leads with 2.20% vs -3.74% for IDX. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BIL has performed better with a 2.20% return vs -3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.57% for IDX.
BIL has the higher dividend yield at 3.85%, compared with 3.18% for IDX.
IDX is categorized as Asia Pacific Equities, while BIL is Government Bonds. IDX tracks MVIS Indonesia Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.57% for IDX and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.37 vs -0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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