OXLC vs. TBIL
OXLC (Oxford Lane Capital Corp.) is a stock, while TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Over the past 3 years, OXLC returned -2.22%/yr vs 4.58%/yr for TBIL. At a 0.02 correlation, their price movements are largely independent.
Performance
OXLC vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, OXLC achieves a -6.44% return, which is significantly lower than TBIL's 1.93% return.
OXLC
- 1D
- -0.33%
- 1M
- 2.51%
- 6M
- -8.20%
- YTD
- -6.44%
- 1Y
- -22.83%
- 3Y*
- -2.22%
- 5Y*
- -3.43%
- 10Y*
- 5.54%
TBIL
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.79%
- YTD
- 1.93%
- 1Y
- 3.89%
- 3Y*
- 4.58%
- 5Y*
- —
- 10Y*
- —
OXLC vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | -6.44% | -24.38% | 24.58% | 16.52% | -15.15% |
TBIL F/m US Treasury 3 Month Bill ETF | 1.93% | 4.19% | 5.15% | 5.12% | 1.29% |
Correlation
The correlation between OXLC and TBIL is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.02 |
The correlation between OXLC and TBIL shifts across timeframes, from -0.12 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OXLC vs. TBIL — Risk / Return Rank
OXLC
TBIL
OXLC vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oxford Lane Capital Corp. (OXLC) and F/m US Treasury 3 Month Bill ETF (TBIL). 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 | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.44 | ||
| Sortino ratioReturn per unit of downside risk | -65.03 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 20.57 | -19.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 194.74 | -195.19 |
| Martin ratioReturn relative to average drawdown | -0.82 | 1,042.78 | -1,043.60 |
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Drawdowns
OXLC vs. TBIL - Drawdown Comparison
The maximum OXLC drawdown since its inception was -74.58%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for OXLC and TBIL.
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Drawdown Indicators
| OXLC | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.58% | -0.10% | -74.48% |
Max Drawdown (1Y)Largest decline over 1 year | -50.56% | -0.02% | -50.54% |
Max Drawdown (3Y)Largest decline over 3 years | -57.17% | -0.02% | -57.15% |
Max Drawdown (5Y)Largest decline over 5 years | -57.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -74.58% | — | — |
Current DrawdownCurrent decline from peak | -32.99% | 0.00% | -32.99% |
Average DrawdownAverage peak-to-trough decline | -14.14% | -0.00% | -14.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.99% | 0.00% | +27.99% |
Volatility
OXLC vs. TBIL - Volatility Comparison
Oxford Lane Capital Corp. (OXLC) has a higher volatility of 7.06% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that OXLC's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OXLC | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 0.08% | +6.98% |
Volatility (6M)Calculated over the trailing 6-month period | 37.07% | 0.20% | +36.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.29% | 0.28% | +44.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 0.32% | +28.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.29% | 0.32% | +42.97% |
Dividends
OXLC vs. TBIL - Dividend Comparison
OXLC's dividend yield for the trailing twelve months is around 70.82%, more than TBIL's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OXLC Oxford Lane Capital Corp. | 70.82% | 35.86% | 20.12% | 18.83% | 17.75% | 10.51% | 22.46% | 19.85% | 16.70% | 17.91% | 22.84% | 24.10% |
TBIL F/m US Treasury 3 Month Bill ETF | 3.73% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OXLC and TBIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXLC has higher volatility (7.06%) compared to TBIL (0.08%). In terms of maximum drawdown, OXLC dropped -74.58% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.92 vs -0.52), 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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