REMX vs. BILS
REMX (VanEck Rare Earth and Strategic Metals ETF) and BILS (SPDR Bloomberg 3-12 Month T-Bill ETF) are both exchange-traded funds - REMX is a Materials fund tracking the MarketVector Global Rare Earth/Strategic Metals Index, while BILS is a Ultrashort Bond fund tracking the Bloomberg 3-12 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 5 years, REMX returned 2.35%/yr vs 3.30%/yr for BILS. At a correlation of -0.06, they often move in opposite directions. REMX charges 0.59%/yr vs 0.14%/yr for BILS.
Performance
REMX vs. BILS - Performance Comparison
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Returns By Period
In the year-to-date period, REMX achieves a 19.85% return, which is significantly higher than BILS's 1.44% return.
REMX
- 1D
- -8.67%
- 1M
- -18.75%
- YTD
- 19.85%
- 6M
- 25.03%
- 1Y
- 130.53%
- 3Y*
- 2.89%
- 5Y*
- 2.35%
- 10Y*
- 8.72%
BILS
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.44%
- 6M
- 1.72%
- 1Y
- 3.90%
- 3Y*
- 4.65%
- 5Y*
- 3.30%
- 10Y*
- —
REMX vs. BILS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
REMX VanEck Rare Earth and Strategic Metals ETF | 19.85% | 92.95% | -35.02% | -19.18% | -31.13% | 79.81% | 77.75% |
BILS SPDR Bloomberg 3-12 Month T-Bill ETF | 1.44% | 4.23% | 5.17% | 4.92% | 0.90% | -0.08% | 0.00% |
Correlation
The correlation between REMX and BILS is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | -0.06 |
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Return for Risk
REMX vs. BILS — Risk / Return Rank
REMX
BILS
REMX vs. BILS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals ETF (REMX) and SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). 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.
| REMX | BILS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.17 | ||
| Sortino ratioReturn per unit of downside risk | -97.82 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 42.08 | -40.70 |
| Calmar ratioReturn relative to maximum drawdown | 5.62 | 129.91 | -124.28 |
| Martin ratioReturn relative to average drawdown | 15.91 | 1,442.40 | -1,426.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REMX | BILS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 16.86 | -14.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 10.80 | -10.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 9.81 | -9.90 |
Drawdowns
REMX vs. BILS - Drawdown Comparison
The maximum REMX drawdown since its inception was -90.20%, which is greater than BILS's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for REMX and BILS.
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Drawdown Indicators
| REMX | BILS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -0.41% | -89.79% |
Max Drawdown (1Y)Largest decline over 1 year | -23.35% | -0.03% | -23.32% |
Max Drawdown (3Y)Largest decline over 3 years | -62.11% | -0.04% | -62.07% |
Max Drawdown (5Y)Largest decline over 5 years | -73.34% | -0.38% | -72.96% |
Max Drawdown (10Y)Largest decline over 10 years | -73.34% | — | — |
Current DrawdownCurrent decline from peak | -59.43% | 0.00% | -59.43% |
Average DrawdownAverage peak-to-trough decline | -66.86% | -0.04% | -66.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.24% | 0.00% | +8.24% |
Volatility
REMX vs. BILS - Volatility Comparison
VanEck Rare Earth and Strategic Metals ETF (REMX) has a higher volatility of 14.45% compared to SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) at 0.06%. This indicates that REMX's price experiences larger fluctuations and is considered to be riskier than BILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REMX | BILS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.45% | 0.06% | +14.39% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 0.14% | +35.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.89% | 0.23% | +48.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.40% | 0.31% | +40.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.02% | 0.30% | +36.72% |
REMX vs. BILS - Expense Ratio Comparison
REMX has a 0.59% expense ratio, which is higher than BILS's 0.14% expense ratio.
Dividends
REMX vs. BILS - Dividend Comparison
REMX's dividend yield for the trailing twelve months is around 1.47%, less than BILS's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILS SPDR Bloomberg 3-12 Month T-Bill ETF | 3.81% | 4.08% | 5.01% | 4.98% | 1.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REMX VanEck Rare Earth and Strategic Metals ETF | 1.47% | 1.76% | 2.56% | 0.00% | 1.56% | 5.25% | 0.81% | 1.64% | 12.43% | 2.89% | 2.23% | 4.77% |
Frequently Asked Questions
REMX and BILS have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REMX has higher volatility (14.45%) compared to BILS (0.06%). In terms of maximum drawdown, REMX dropped -90.20% vs BILS's -0.41%.
On 5-year performance, BILS leads with 3.30% vs 2.35% for REMX. On fees, BILS is cheaper at 0.14% per year. On volatility, BILS has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BILS has performed better with a 3.30% return vs 2.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILS is cheaper with a 0.14% expense ratio, compared with 0.59% for REMX.
BILS has the higher dividend yield at 3.81%, compared with 1.47% for REMX.
REMX is categorized as Materials, while BILS is Ultrashort Bond. REMX tracks MarketVector Global Rare Earth/Strategic Metals Index, while BILS tracks Bloomberg 3-12 Month U.S. Treasury Bill Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.59% for REMX and 0.14% for BILS.
BILS currently has the higher Sharpe Ratio (16.86 vs 2.69), 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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