ODDS vs. BIL
ODDS (Pacer BlueStar Digital Entertainment ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - ODDS is a Technology Equities fund tracking the BlueStar Global Online Gambling, Video Gaming and eSports Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 3 years, ODDS returned 7.05%/yr vs 4.60%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. ODDS charges 0.63%/yr vs 0.14%/yr for BIL.
Performance
ODDS vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, ODDS achieves a -18.34% return, which is significantly lower than BIL's 1.67% return.
ODDS
- 1D
- -1.21%
- 1M
- -2.24%
- YTD
- -18.34%
- 6M
- -17.81%
- 1Y
- -19.58%
- 3Y*
- 7.05%
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.67%
- 6M
- 1.76%
- 1Y
- 3.84%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
ODDS vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | -18.34% | 16.71% | 27.61% | 25.03% | -15.18% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.67% | 4.15% | 5.19% | 4.94% | 1.40% |
Correlation
The correlation between ODDS and BIL is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | -0.02 |
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Return for Risk
ODDS vs. BIL — Risk / Return Rank
ODDS
BIL
ODDS vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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.
| ODDS | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.27 | ||
| Sortino ratioReturn per unit of downside risk | -173.90 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 87.16 | -86.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 352.24 | -352.80 |
| Martin ratioReturn relative to average drawdown | -0.94 | 2,793.11 | -2,794.05 |
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Drawdowns
ODDS vs. BIL - Drawdown Comparison
The maximum ODDS drawdown since its inception was -35.09%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for ODDS and BIL.
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Drawdown Indicators
| ODDS | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.09% | -0.78% | -34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -35.09% | -0.01% | -35.08% |
Max Drawdown (3Y)Largest decline over 3 years | -35.09% | -0.01% | -35.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -31.89% | 0.00% | -31.89% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -0.26% | -9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.90% | 0.00% | +20.90% |
Volatility
ODDS vs. BIL - Volatility Comparison
Pacer BlueStar Digital Entertainment ETF (ODDS) has a higher volatility of 6.79% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that ODDS'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
| ODDS | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 0.07% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 0.14% | +16.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 0.20% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.86% | 0.26% | +24.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 0.26% | +24.60% |
ODDS vs. BIL - Expense Ratio Comparison
ODDS has a 0.63% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
ODDS vs. BIL - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 0.75%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
ODDS Pacer BlueStar Digital Entertainment ETF | 0.75% | 2.59% | 0.56% | 0.66% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ODDS and BIL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ODDS has higher volatility (6.79%) compared to BIL (0.07%). In terms of maximum drawdown, ODDS dropped -35.09% vs BIL's -0.78%.
On 3-year performance, ODDS leads with 7.05% vs 4.60% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ODDS has performed better with a 7.05% return vs 4.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.63% for ODDS.
BIL has the higher dividend yield at 3.85%, compared with 0.75% for ODDS.
ODDS is categorized as Technology Equities, while BIL is Government Bonds. ODDS tracks BlueStar Global Online Gambling, Video Gaming and eSports Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: Pacer and State Street. Their fees differ too: 0.63% for ODDS and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.32 vs -0.95), 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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