NU vs. BIL
NU (Nu Holdings Ltd.) is a stock, while BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Over the past 3 years, NU returned 20.56%/yr vs 4.58%/yr for BIL. At a correlation of -0.03, they often move in opposite directions.
Performance
NU vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, NU achieves a -17.62% return, which is significantly lower than BIL's 1.92% return.
NU
- 1D
- -0.65%
- 1M
- 8.41%
- 6M
- -16.98%
- YTD
- -17.62%
- 1Y
- -0.43%
- 3Y*
- 20.56%
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.81%
- 3Y*
- 4.58%
- 5Y*
- 3.50%
- 10Y*
- 2.23%
NU vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | -17.62% | 61.58% | 24.37% | 104.67% | -56.61% | -16.62% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.92% | 4.15% | 5.19% | 4.94% | 1.40% | -0.01% |
Correlation
The correlation between NU and BIL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | -0.03 |
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Return for Risk
NU vs. BIL — Risk / Return Rank
NU
BIL
NU vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nu Holdings Ltd. (NU) and SPDR Bloomberg 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.
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.
| NU | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.03 | ||
| Sortino ratioReturn per unit of downside risk | -152.90 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 69.35 | -68.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 349.26 | -349.27 |
| Martin ratioReturn relative to average drawdown | -0.02 | 2,476.82 | -2,476.84 |
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Drawdowns
NU vs. BIL - Drawdown Comparison
The maximum NU drawdown since its inception was -72.07%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for NU and BIL.
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Drawdown Indicators
| NU | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.07% | -0.78% | -71.29% |
Max Drawdown (1Y)Largest decline over 1 year | -38.17% | -0.01% | -38.16% |
Max Drawdown (3Y)Largest decline over 3 years | -39.58% | -0.01% | -39.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -26.49% | 0.00% | -26.49% |
Average DrawdownAverage peak-to-trough decline | -29.76% | -0.26% | -29.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.65% | 0.00% | +17.65% |
Volatility
NU vs. BIL - Volatility Comparison
Nu Holdings Ltd. (NU) has a higher volatility of 9.22% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that NU'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.
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Volatility by Period
| NU | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 0.07% | +9.15% |
Volatility (6M)Calculated over the trailing 6-month period | 29.20% | 0.14% | +29.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.26% | 0.20% | +37.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.09% | 0.26% | +57.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.09% | 0.26% | +57.83% |
Dividends
NU vs. BIL - Dividend Comparison
NU has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.81% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NU and BIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (9.22%) compared to BIL (0.07%). In terms of maximum drawdown, NU dropped -72.07% vs BIL's -0.78%.
BIL currently has the higher Sharpe Ratio (19.02 vs -0.01), 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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