MUST vs. BIL
Compare and contrast key facts about Columbia Multi-Sector Municipal Income ETF (MUST) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
MUST and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MUST is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Municipal Bond Index. It was launched on Oct 10, 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. Both MUST and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MUST or BIL.
Key characteristics
| MUST | BIL | |
|---|---|---|
| YTD Return | -1.37% | 1.80% |
| 1Y Return | 1.72% | 5.37% |
| 3Y Return (Ann) | -1.20% | 2.68% |
| 5Y Return (Ann) | 1.69% | 1.93% |
| Sharpe Ratio | 0.35 | 20.33 |
| Daily Std Dev | 5.23% | 0.26% |
| Max Drawdown | -13.83% | -0.77% |
| Current Drawdown | -5.09% | 0.00% |
Correlation
The correlation between MUST and BIL is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MUST vs. BIL - Performance Comparison
In the year-to-date period, MUST achieves a -1.37% return, which is significantly lower than BIL's 1.80% 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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MUST vs. BIL - Expense Ratio Comparison
MUST has a 0.23% 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
MUST vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Multi-Sector Municipal Income ETF (MUST) 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
MUST vs. BIL - Dividend Comparison
MUST's dividend yield for the trailing twelve months is around 2.77%, less than BIL's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
MUST Columbia Multi-Sector Municipal Income ETF | 2.77% | 2.50% | 1.76% | 1.62% | 2.33% | 2.69% | 0.55% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.18% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
MUST vs. BIL - Drawdown Comparison
The maximum MUST drawdown since its inception was -13.83%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for MUST and BIL. For additional features, visit the drawdowns tool.
Volatility
MUST vs. BIL - Volatility Comparison
Columbia Multi-Sector Municipal Income ETF (MUST) has a higher volatility of 1.63% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that MUST'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.