OBIL vs. VOO
Compare and contrast key facts about US Treasury 12 Month Bill ETF (OBIL) and Vanguard S&P 500 ETF (VOO).
OBIL and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both OBIL and VOO 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 VOO.
Key characteristics
| OBIL | VOO | |
|---|---|---|
| YTD Return | 4.08% | 27.26% |
| 1Y Return | 5.35% | 37.86% |
| Sharpe Ratio | 6.90 | 3.25 |
| Sortino Ratio | 14.06 | 4.31 |
| Omega Ratio | 3.30 | 1.61 |
| Calmar Ratio | 24.91 | 4.74 |
| Martin Ratio | 105.97 | 21.63 |
| Ulcer Index | 0.05% | 1.85% |
| Daily Std Dev | 0.78% | 12.25% |
| Max Drawdown | -0.33% | -33.99% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between OBIL and VOO is -0.01. 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. VOO - Performance Comparison
In the year-to-date period, OBIL achieves a 4.08% return, which is significantly lower than VOO's 27.26% 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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OBIL vs. VOO - Expense Ratio Comparison
OBIL has a 0.15% expense ratio, which is higher than VOO's 0.03% 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) and Vanguard S&P 500 ETF (VOO). 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
OBIL vs. VOO - Dividend Comparison
OBIL's dividend yield for the trailing twelve months is around 4.72%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OBIL US Treasury 12 Month Bill ETF | 4.72% | 4.92% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
OBIL vs. VOO - Drawdown Comparison
The maximum OBIL drawdown since its inception was -0.33%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for OBIL and VOO. For additional features, visit the drawdowns tool.
Volatility
OBIL vs. VOO - Volatility Comparison
The current volatility for US Treasury 12 Month Bill ETF (OBIL) is 0.14%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that OBIL experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.