Correlation
The correlation between IG 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.
IG vs. BIL
Compare and contrast key facts about Principal Investment Grade Corporate Active ETF (IG) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
IG and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IG is an actively managed fund by Principal. It was launched on Apr 18, 2018. 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: IG or BIL.
Performance
IG vs. BIL - Performance Comparison
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Key characteristics
IG:
0.98
BIL:
20.88
IG:
1.42
BIL:
301.00
IG:
1.18
BIL:
208.79
IG:
0.46
BIL:
435.17
IG:
3.13
BIL:
4,890.74
IG:
2.03%
BIL:
0.00%
IG:
6.51%
BIL:
0.23%
IG:
-23.17%
BIL:
-0.77%
IG:
-8.08%
BIL:
0.00%
Returns By Period
In the year-to-date period, IG achieves a 2.55% return, which is significantly higher than BIL's 1.72% return.
IG
2.55%
0.28%
0.24%
6.33%
2.22%
-0.20%
N/A
BIL
1.72%
0.36%
2.13%
4.73%
4.41%
2.61%
1.79%
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IG vs. BIL - Expense Ratio Comparison
IG has a 0.26% expense ratio, which is higher than BIL's 0.14% expense ratio. However, 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
IG vs. BIL — Risk-Adjusted Performance Rank
IG
BIL
IG vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Investment Grade Corporate Active ETF (IG) 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
IG vs. BIL - Dividend Comparison
IG's dividend yield for the trailing twelve months is around 5.20%, more than BIL's 4.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
IG Principal Investment Grade Corporate Active ETF | 5.20% | 5.19% | 4.36% | 7.18% | 3.16% | 3.63% | 7.04% | 2.76% | 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
IG vs. BIL - Drawdown Comparison
The maximum IG drawdown since its inception was -23.17%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for IG and BIL.
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Volatility
IG vs. BIL - Volatility Comparison
Principal Investment Grade Corporate Active ETF (IG) has a higher volatility of 1.83% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that IG'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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