PSIL vs. BILZ

Last updated Jun 4, 2026

PSIL (AdvisorShares Psychedelics ETF) and BILZ (PIMCO Ultra Short Government Active Exchange-Traded Fund) are both exchange-traded funds - PSIL is a Health & Biotech Equities fund actively managed by AdvisorShares, while BILZ is a Ultrashort Bond fund actively managed by PIMCO. Both are actively managed. Over the past year, PSIL returned 65.52% vs 3.91% for BILZ. At a correlation of -0.05, they often move in opposite directions. PSIL charges 1.00%/yr vs 0.14%/yr for BILZ.

Performance

PSIL vs. BILZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Psychedelics ETF (PSIL) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSIL achieves a 20.15% return, which is significantly higher than BILZ's 1.47% return.

PSIL

• 1D: -2.57%
• 1M: 1.88%
• YTD: 20.15%
• 6M: 23.74%
• 1Y: 65.52%
• 3Y*: 9.55%
• 5Y*: —
• 10Y*: —

BILZ

• 1D: 0.00%
• 1M: 0.28%
• YTD: 1.47%
• 6M: 1.76%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSIL vs. BILZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSIL AdvisorShares Psychedelics ETF	20.15%	74.55%	-19.50%	-27.08%
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	1.47%	4.21%	5.25%	2.33%

Correlation

The correlation between PSIL and BILZ 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 (All Time) Calculated using the full available price history since Jun 23, 2023	-0.05

Return for Risk

PSIL vs. BILZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSIL

PSIL Risk / Return Rank: 48
PSIL Sharpe Ratio Rank: 46
PSIL Sortino Ratio Rank: 43
PSIL Omega Ratio Rank: 43
PSIL Calmar Ratio Rank: 66
PSIL Martin Ratio Rank: 43

BILZ

BILZ Risk / Return Rank: 100
BILZ Sharpe Ratio Rank: 100
BILZ Sortino Ratio Rank: 100
BILZ Omega Ratio Rank: 100
BILZ Calmar Ratio Rank: 100
BILZ Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSIL vs. BILZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Psychedelics ETF (PSIL) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). 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.

	PSIL	BILZ	Difference
Sharpe ratio: Return per unit of total volatility	1.58	19.09	-17.51
Sortino ratio: Return per unit of downside risk	2.14	125.25	-123.11
Omega ratio: Gain probability vs. loss probability	1.27	53.31	-52.04
Calmar ratio: Return relative to maximum drawdown	3.23	198.55	-195.32
Martin ratio: Return relative to average drawdown	6.82	2,000.92	-1,994.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSIL vs. BILZ - Sharpe Ratio Comparison

The current PSIL Sharpe Ratio is 1.58, which is lower than the BILZ Sharpe Ratio of 19.09. The chart below compares the historical Sharpe Ratios of PSIL and BILZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSIL	BILZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	19.09	-17.51
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	10.48	-10.90

Drawdowns

PSIL vs. BILZ - Drawdown Comparison

The maximum PSIL drawdown since its inception was -92.72%, which is greater than BILZ's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for PSIL and BILZ.

Drawdown Indicators

	PSIL	BILZ	Difference
Max Drawdown Largest peak-to-trough decline	-92.72%	-0.52%	-92.20%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-0.02%	-20.36%
Max Drawdown (3Y) Largest decline over 3 years	-64.62%	—	—
Current Drawdown Current decline from peak	-76.63%	0.00%	-76.63%
Average Drawdown Average peak-to-trough decline	-76.76%	-0.01%	-76.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.63%	0.00%	+9.63%

Volatility

PSIL vs. BILZ - Volatility Comparison

AdvisorShares Psychedelics ETF (PSIL) has a higher volatility of 9.76% compared to PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) at 0.07%. This indicates that PSIL's price experiences larger fluctuations and is considered to be riskier than BILZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSIL	BILZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.76%	0.07%	+9.69%
Volatility (6M) Calculated over the trailing 6-month period	27.89%	0.14%	+27.75%
Volatility (1Y) Calculated over the trailing 1-year period	41.80%	0.21%	+41.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.15%	0.43%	+62.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.15%	0.43%	+62.72%

PSIL vs. BILZ - Expense Ratio Comparison

PSIL has a 1.00% expense ratio, which is higher than BILZ's 0.14% expense ratio.

Dividends

PSIL vs. BILZ - Dividend Comparison

PSIL's dividend yield for the trailing twelve months is around 8.32%, more than BILZ's 4.07% yield.

Position	TTM	2025	2024	2023	2022
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund	4.07%	4.19%	4.95%	2.23%	0.00%
PSIL AdvisorShares Psychedelics ETF	8.32%	10.95%	1.49%	0.24%	2.91%

Frequently Asked Questions

Can I hold both PSIL and BILZ in my portfolio?

PSIL and BILZ 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.

Which is riskier, PSIL or BILZ?

PSIL has higher volatility (9.76%) compared to BILZ (0.07%). In terms of maximum drawdown, PSIL dropped -92.72% vs BILZ's -0.52%.

Which ETF is better, PSIL or BILZ?

On 1-year performance, PSIL leads with 65.52% vs 3.91% for BILZ. On fees, BILZ is cheaper at 0.14% per year. On volatility, BILZ has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSIL or BILZ?

Over the 1-year period, PSIL has performed better with a 65.52% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSIL or BILZ?

BILZ is cheaper with a 0.14% expense ratio, compared with 1.00% for PSIL.

Which ETF pays a higher dividend yield, PSIL or BILZ?

PSIL has the higher dividend yield at 8.32%, compared with 4.07% for BILZ.

What is the main difference between PSIL and BILZ?

PSIL is categorized as Health & Biotech Equities, while BILZ is Ultrashort Bond. They also come from different issuers: AdvisorShares and PIMCO. Their fees differ too: 1.00% for PSIL and 0.14% for BILZ.

Which has better risk-adjusted returns?

BILZ currently has the higher Sharpe Ratio (19.09 vs 1.58), 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.