LMBO vs. BILS

Last updated Jun 5, 2026

LMBO (Direxion Daily Crypto Industry Bull 2X Shares ETF) and BILS (SPDR Bloomberg 3-12 Month T-Bill ETF) are both exchange-traded funds - LMBO is a Leveraged Equities fund tracking the Solactive Distributed Ledger & Decentralized Payment Tech Index, while BILS is a Ultrashort Bond fund tracking the Bloomberg 3-12 Month U.S. Treasury Bill Index. Both are passively managed. At a correlation of -0.10, they often move in opposite directions. LMBO charges 0.98%/yr vs 0.14%/yr for BILS.

Performance

LMBO vs. BILS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LMBO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BILS

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.42%
• 6M: 1.73%
• 1Y: 3.92%
• 3Y*: 4.66%
• 5Y*: 3.30%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LMBO vs. BILS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	-13.58%	-3.47%	-3.79%
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	1.42%	4.23%	2.38%

Correlation

The correlation between LMBO and BILS is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	-0.10

Return for Risk

LMBO vs. BILS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILS

BILS Risk / Return Rank: 100
BILS Sharpe Ratio Rank: 100
BILS Sortino Ratio Rank: 100
BILS Omega Ratio Rank: 100
BILS Calmar Ratio Rank: 100
BILS Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LMBO vs. BILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Crypto Industry Bull 2X Shares ETF (LMBO) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LMBO	BILS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	16.92	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	10.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	9.80	—

Drawdowns

Drawdown Indicators

	LMBO	BILS	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.41%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.38%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.04%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	LMBO	BILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.31%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.30%	—

LMBO vs. BILS - Expense Ratio Comparison

LMBO has a 0.98% expense ratio, which is higher than BILS's 0.14% expense ratio.

Dividends

LMBO vs. BILS - Dividend Comparison

LMBO's dividend yield for the trailing twelve months is around 5.30%, more than BILS's 3.81% yield.

Position	TTM	2025	2024	2023	2022
BILS SPDR Bloomberg 3-12 Month T-Bill ETF	3.81%	4.08%	5.01%	4.98%	1.61%
LMBO Direxion Daily Crypto Industry Bull 2X Shares ETF	5.30%	4.71%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LMBO and BILS in my portfolio?

LMBO and BILS have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LMBO or BILS?

On fees, BILS is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LMBO or BILS?

BILS is cheaper with a 0.14% expense ratio, compared with 0.98% for LMBO.

Which ETF pays a higher dividend yield, LMBO or BILS?

LMBO has the higher dividend yield at 5.30%, compared with 3.81% for BILS.

What is the main difference between LMBO and BILS?

LMBO is categorized as Leveraged Equities, while BILS is Ultrashort Bond. LMBO tracks Solactive Distributed Ledger & Decentralized Payment Tech Index, while BILS tracks Bloomberg 3-12 Month U.S. Treasury Bill Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 0.98% for LMBO and 0.14% for BILS.