LQID vs. VBIL

Last updated Jul 18, 2026

LQID (Kurv Enhanced Short Maturity ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both Ultrashort Bond funds. LQID is actively managed, while VBIL is passively managed. At a 0.11 correlation, their price movements are largely independent. LQID charges 0.35%/yr vs 0.07%/yr for VBIL.

Performance

LQID vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Enhanced Short Maturity ETF (LQID) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LQID

• 1D: 0.08%
• 1M: 0.34%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.04%
• 1M: 0.29%
• 6M: 1.81%
• YTD: 1.97%
• 1Y: 3.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LQID vs. VBIL - Yearly Performance Comparison

	2026 (YTD)
LQID Kurv Enhanced Short Maturity ETF	0.64%
VBIL Vanguard 0-3 Month Treasury Bill ETF	0.68%

Correlation

The correlation between LQID and VBIL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 13, 2026	0.11

Return for Risk

LQID vs. VBIL — Risk / Return Rank

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

LQID

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

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL 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.

LQID vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Enhanced Short Maturity ETF (LQID) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.

	LQID	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	—	18.14	—
Sortino ratio: Return per unit of downside risk	—	120.57	—
Omega ratio: Gain probability vs. loss probability	—	45.39	—
Calmar ratio: Return relative to maximum drawdown	—	294.95	—
Martin ratio: Return relative to average drawdown	—	1,950.81	—

Drawdowns

LQID vs. VBIL - Drawdown Comparison

The maximum LQID drawdown since its inception was -0.14%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for LQID and VBIL.

Drawdown Indicators

	LQID	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.14%	-0.09%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.02%	-0.00%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	LQID	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.72%	0.22%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.72%	0.29%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.72%	0.29%	+0.43%

LQID vs. VBIL - Expense Ratio Comparison

LQID has a 0.35% expense ratio, which is higher than VBIL's 0.07% expense ratio.

Dividends

LQID vs. VBIL - Dividend Comparison

LQID's dividend yield for the trailing twelve months is around 0.44%, less than VBIL's 3.61% yield.

Position	TTM	2025
LQID Kurv Enhanced Short Maturity ETF	0.44%	0.00%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.61%	3.12%

Frequently Asked Questions

Can I hold both LQID and VBIL in my portfolio?

LQID and VBIL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LQID or VBIL?

On fees, VBIL is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LQID or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.35% for LQID.

Which ETF pays a higher dividend yield, LQID or VBIL?

VBIL has the higher dividend yield at 3.61%, compared with 0.44% for LQID.

What is the main difference between LQID and VBIL?

They also come from different issuers: Kurv and Vanguard. Their fees differ too: 0.35% for LQID and 0.07% for VBIL.