OBIL vs. XBIL
Compare and contrast key facts about US Treasury 12 Month Bill ETF (OBIL) and US Treasury 6 Month Bill ETF (XBIL).
OBIL and XBIL 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. XBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index - Benchmark TR Gross. It was launched on Mar 6, 2023. Both OBIL and XBIL 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 XBIL.
Key characteristics
| OBIL | XBIL | |
|---|---|---|
| YTD Return | 4.14% | 4.48% |
| 1Y Return | 5.23% | 5.26% |
| Sharpe Ratio | 6.93 | 13.67 |
| Sortino Ratio | 14.14 | 57.99 |
| Omega Ratio | 3.31 | 15.16 |
| Calmar Ratio | 25.06 | 75.50 |
| Martin Ratio | 106.51 | 719.03 |
| Ulcer Index | 0.05% | 0.01% |
| Daily Std Dev | 0.78% | 0.39% |
| Max Drawdown | -0.33% | -0.08% |
| Current Drawdown | 0.00% | -0.00% |
Correlation
The correlation between OBIL and XBIL is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OBIL vs. XBIL - Performance Comparison
In the year-to-date period, OBIL achieves a 4.14% return, which is significantly lower than XBIL's 4.48% 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. XBIL - Expense Ratio Comparison
Both OBIL and XBIL have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
OBIL vs. XBIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) and US Treasury 6 Month Bill ETF (XBIL). 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. XBIL - Dividend Comparison
OBIL's dividend yield for the trailing twelve months is around 4.72%, less than XBIL's 5.06% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
OBIL US Treasury 12 Month Bill ETF | 4.72% | 4.92% | 0.52% |
XBIL US Treasury 6 Month Bill ETF | 5.06% | 4.30% | 0.00% |
Drawdowns
OBIL vs. XBIL - Drawdown Comparison
The maximum OBIL drawdown since its inception was -0.33%, which is greater than XBIL's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for OBIL and XBIL. For additional features, visit the drawdowns tool.
Volatility
OBIL vs. XBIL - Volatility Comparison
US Treasury 12 Month Bill ETF (OBIL) has a higher volatility of 0.15% compared to US Treasury 6 Month Bill ETF (XBIL) at 0.12%. This indicates that OBIL's price experiences larger fluctuations and is considered to be riskier than XBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.