MSFT vs. TBIL
MSFT (Microsoft Corporation) is a stock, while TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Over the past 3 years, MSFT returned 4.30%/yr vs 4.62%/yr for TBIL. At a 0.02 correlation, their price movements are largely independent.
Performance
MSFT vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -21.20% return, which is significantly lower than TBIL's 1.67% return.
MSFT
- 1D
- 0.13%
- 1M
- -9.47%
- YTD
- -21.20%
- 6M
- -21.57%
- 1Y
- -19.89%
- 3Y*
- 4.30%
- 5Y*
- 8.79%
- 10Y*
- 23.97%
TBIL
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.67%
- 6M
- 1.76%
- 1Y
- 3.91%
- 3Y*
- 4.62%
- 5Y*
- —
- 10Y*
- —
MSFT vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MSFT Microsoft Corporation | -21.20% | 15.58% | 12.93% | 58.19% | -14.02% |
TBIL F/m US Treasury 3 Month Bill ETF | 1.67% | 4.19% | 5.15% | 5.12% | 1.29% |
Correlation
The correlation between MSFT and TBIL is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.02 |
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Return for Risk
MSFT vs. TBIL — Risk / Return Rank
MSFT
TBIL
MSFT vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) and F/m US Treasury 3 Month Bill ETF (TBIL). 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.
| MSFT | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.66 | ||
| Sortino ratioReturn per unit of downside risk | -59.68 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 17.24 | -16.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 197.88 | -198.48 |
| Martin ratioReturn relative to average drawdown | -1.21 | 939.33 | -940.54 |
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Drawdowns
MSFT vs. TBIL - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for MSFT and TBIL.
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Drawdown Indicators
| MSFT | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -0.10% | -69.28% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -0.02% | -33.89% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -0.02% | -33.89% |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -29.57% | 0.00% | -29.57% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -0.00% | -21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.85% | 0.00% | +16.85% |
Volatility
MSFT vs. TBIL - Volatility Comparison
Microsoft Corporation (MSFT) has a higher volatility of 10.83% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.07%. This indicates that MSFT's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFT | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 0.07% | +10.76% |
Volatility (6M)Calculated over the trailing 6-month period | 22.72% | 0.19% | +22.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.78% | 0.29% | +25.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.74% | 0.32% | +26.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 0.32% | +26.77% |
Dividends
MSFT vs. TBIL - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.94%, less than TBIL's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.94% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.81% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSFT and TBIL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.83%) compared to TBIL (0.07%). In terms of maximum drawdown, MSFT dropped -69.38% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.87 vs -0.79), 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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