OBIL vs. BIL
Compare and contrast key facts about US Treasury 12 Month Bill ETF (OBIL) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
OBIL and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross. It was launched on Nov 14, 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. Both OBIL 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: OBIL or BIL.
Correlation
The correlation between OBIL and BIL is -0.04. 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
OBIL vs. BIL - Performance Comparison
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Key characteristics
OBIL:
7.15
BIL:
20.77
OBIL:
15.23
BIL:
247.18
OBIL:
3.34
BIL:
141.43
OBIL:
22.98
BIL:
436.22
OBIL:
111.74
BIL:
4,016.45
OBIL:
0.04%
BIL:
0.00%
OBIL:
0.70%
BIL:
0.23%
OBIL:
-0.33%
BIL:
-0.77%
OBIL:
-0.13%
BIL:
0.00%
Returns By Period
In the year-to-date period, OBIL achieves a 1.30% return, which is significantly lower than BIL's 1.51% return.
OBIL
1.30%
0.17%
2.13%
4.96%
N/A
N/A
BIL
1.51%
0.33%
2.14%
4.76%
2.57%
1.78%
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OBIL vs. BIL - Expense Ratio Comparison
OBIL has a 0.15% 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
OBIL vs. BIL — Risk-Adjusted Performance Rank
OBIL
BIL
OBIL vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) 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.
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Dividends
OBIL vs. BIL - Dividend Comparison
OBIL's dividend yield for the trailing twelve months is around 4.30%, less than BIL's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
OBIL US Treasury 12 Month Bill ETF | 4.30% | 4.56% | 4.92% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.69% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
OBIL vs. BIL - Drawdown Comparison
The maximum OBIL drawdown since its inception was -0.33%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for OBIL and BIL. For additional features, visit the drawdowns tool.
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Volatility
OBIL vs. BIL - Volatility Comparison
US Treasury 12 Month Bill ETF (OBIL) has a higher volatility of 0.17% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that OBIL'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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