LONZ vs. BIL
Compare and contrast key facts about PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
LONZ and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LONZ is an actively managed fund by PIMCO. It was launched on Jun 8, 2022. 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: LONZ or BIL.
Key characteristics
| LONZ | BIL | |
|---|---|---|
| YTD Return | 6.45% | 3.80% |
| 1Y Return | 9.86% | 5.37% |
| Sharpe Ratio | 4.64 | 20.74 |
| Daily Std Dev | 2.14% | 0.26% |
| Max Drawdown | -4.05% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between LONZ and BIL is -0.00. 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.
Performance
LONZ vs. BIL - Performance Comparison
In the year-to-date period, LONZ achieves a 6.45% return, which is significantly higher than BIL's 3.80% 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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LONZ vs. BIL - Expense Ratio Comparison
LONZ has a 0.62% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
LONZ vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) 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
LONZ vs. BIL - Dividend Comparison
LONZ's dividend yield for the trailing twelve months is around 7.59%, more than BIL's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
LONZ PIMCO Senior Loan Active Exchange-Traded Fund | 7.59% | 8.29% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.23% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
LONZ vs. BIL - Drawdown Comparison
The maximum LONZ drawdown since its inception was -4.05%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for LONZ and BIL. For additional features, visit the drawdowns tool.
Volatility
LONZ vs. BIL - Volatility Comparison
PIMCO Senior Loan Active Exchange-Traded Fund (LONZ) has a higher volatility of 0.60% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.09%. This indicates that LONZ'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.