OXLC vs. BIL
OXLC (Oxford Lane Capital Corp.) 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 10 years, OXLC returned 5.56%/yr vs 2.24%/yr for BIL. Their -0.01 correlation means they have often moved in opposite directions in the past.
Performance
OXLC vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, OXLC achieves a -2.62% return, which is significantly lower than BIL's 2.08% return. Over the past 10 years, OXLC has outperformed BIL with an annualized return of 5.56%, while BIL has yielded a comparatively lower 2.24% annualized return.
OXLC
- 1D
- 2.12%
- 1M
- 6.34%
- 6M
- 14.48%
- YTD
- -2.62%
- 1Y
- -6.01%
- 3Y*
- -3.45%
- 5Y*
- -1.74%
- 10Y*
- 5.56%
- ALL TIME*
- 4.39%
BIL
- 1D
- 0.03%
- 1M
- 0.26%
- 6M
- 1.78%
- YTD
- 2.08%
- 1Y
- 3.76%
- 3Y*
- 4.56%
- 5Y*
- 3.54%
- 10Y*
- 2.24%
- ALL TIME*
- 1.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $778.54M | $838.53M | $900.58M | |
| $8.22M | $7.92M | $9.50M |
OXLC vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | -2.62% | -24.38% | 24.58% | 16.52% | -24.15% | 59.91% | -15.79% | -0.98% | 12.86% | 13.47% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 2.08% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between OXLC and BIL is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | -0.01 |
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Return for Risk
OXLC vs. BIL — Risk / Return Rank
OXLC
BIL
OXLC vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) 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.
| OXLC | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.33 | ||
| Sortino ratioReturn per unit of downside risk | -153.14 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 69.35 | -68.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 349.28 | -349.45 |
| Martin ratioReturn relative to average drawdown | -0.34 | 2,476.90 | -2,477.24 |
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Drawdowns
OXLC vs. BIL - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for OXLC and BIL.
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Drawdown Indicators
| OXLC | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.58% | -0.78% | -73.80% |
Max Drawdown (1Y)Largest decline over 1 year | -47.99% | -0.01% | -47.98% |
Max Drawdown (3Y)Largest decline over 3 years | -57.17% | -0.01% | -57.16% |
Max Drawdown (5Y)Largest decline over 5 years | -57.17% | -0.08% | -57.09% |
Max Drawdown (10Y)Largest decline over 10 years | -74.58% | -0.21% | -74.37% |
Current DrawdownCurrent decline from peak | -30.25% | 0.00% | -30.25% |
Average DrawdownAverage peak-to-trough decline | -14.19% | -0.26% | -13.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.92% | 0.00% | +24.92% |
Volatility
OXLC vs. BIL - Volatility Comparison
Oxford Lane Capital Corp. (OXLC) has a higher volatility of 6.14% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that OXLC'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
| OXLC | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 0.07% | +6.07% |
Volatility (6M)Calculated over the trailing 6-month period | 37.20% | 0.14% | +37.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.07% | 0.20% | +42.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.65% | 0.26% | +28.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.31% | 0.26% | +43.05% |
Dividends
OXLC vs. BIL - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 66.85%, more than BIL's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.46% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
OXLC Oxford Lane Capital Corp. | 66.85% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
Frequently Asked Questions
OXLC and BIL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (6.14%) compared to BIL (0.07%). In terms of maximum drawdown, OXLC dropped -74.58% vs BIL's -0.78%.
BIL currently has the higher Sharpe Ratio (19.13 vs -0.20), 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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