RGTX vs. BIL

Last updated Jul 14, 2026

RGTX (Defiance Daily Target 2X Long RGTI ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - RGTX is a Leveraged Equities fund actively managed by Defiance, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. RGTX is actively managed, while BIL is passively managed. Over the past year, RGTX returned -64.89% vs 3.82% for BIL. At a correlation of -0.11, they often move in opposite directions. RGTX charges 1.29%/yr vs 0.14%/yr for BIL.

Performance

RGTX vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RGTI ETF (RGTX) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGTX achieves a -76.75% return, which is significantly lower than BIL's 1.88% return.

RGTX

• 1D: -14.46%
• 1M: -51.00%
• 6M: -82.06%
• YTD: -76.75%
• 1Y: -64.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIL

• 1D: 0.00%
• 1M: 0.28%
• 6M: 1.77%
• YTD: 1.88%
• 1Y: 3.82%
• 3Y*: 4.57%
• 5Y*: 3.50%
• 10Y*: 2.22%

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

RGTX vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025
RGTX Defiance Daily Target 2X Long RGTI ETF	-76.75%	162.83%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.88%	3.11%

Correlation

The correlation between RGTX and BIL 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 Apr 1, 2025	-0.11

Return for Risk

RGTX vs. BIL — Risk / Return Rank

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

RGTX

RGTX Risk / Return Rank: 10
RGTX Sharpe Ratio Rank: 6
RGTX Sortino Ratio Rank: 19
RGTX Omega Ratio Rank: 17
RGTX Calmar Ratio Rank: 4
RGTX Martin Ratio Rank: 5

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL 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.

RGTX vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RGTI ETF (RGTX) 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.

	RGTX	BIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	19.07	-19.37
Sortino ratio: Return per unit of downside risk	0.89	153.58	-152.69
Omega ratio: Gain probability vs. loss probability	1.10	69.55	-68.45
Calmar ratio: Return relative to maximum drawdown	-0.67	350.30	-350.97
Martin ratio: Return relative to average drawdown	-0.84	2,484.18	-2,485.02

RGTX vs. BIL - Sharpe Ratio Comparison

The current RGTX Sharpe Ratio is -0.30, which is lower than the BIL Sharpe Ratio of 19.07. The chart below compares the historical Sharpe Ratios of RGTX and BIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RGTX vs. BIL - Drawdown Comparison

The maximum RGTX drawdown since its inception was -97.59%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for RGTX and BIL.

Drawdown Indicators

	RGTX	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-97.59%	-0.78%	-96.81%
Max Drawdown (1Y) Largest decline over 1 year	-97.59%	-0.01%	-97.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	-97.59%	0.00%	-97.59%
Average Drawdown Average peak-to-trough decline	-58.16%	-0.26%	-57.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.13%	0.00%	+77.13%

Volatility

RGTX vs. BIL - Volatility Comparison

Defiance Daily Target 2X Long RGTI ETF (RGTX) has a higher volatility of 46.51% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that RGTX'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.

Volatility by Period

	RGTX	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	46.51%	0.07%	+46.44%
Volatility (6M) Calculated over the trailing 6-month period	139.81%	0.14%	+139.67%
Volatility (1Y) Calculated over the trailing 1-year period	217.66%	0.20%	+217.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	220.57%	0.26%	+220.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	220.57%	0.26%	+220.31%

RGTX vs. BIL - Expense Ratio Comparison

RGTX has a 1.29% expense ratio, which is higher than BIL's 0.14% expense ratio.

Dividends

RGTX vs. BIL - Dividend Comparison

RGTX's dividend yield for the trailing twelve months is around 2.35%, less than BIL's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.81%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%
RGTX Defiance Daily Target 2X Long RGTI ETF	2.35%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RGTX and BIL in my portfolio?

RGTX and BIL 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, RGTX or BIL?

RGTX has higher volatility (46.51%) compared to BIL (0.07%). In terms of maximum drawdown, RGTX dropped -97.59% vs BIL's -0.78%.

Which ETF is better, RGTX or BIL?

On 1-year performance, BIL leads with 3.82% vs -64.89% for RGTX. 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.

Which ETF has performed better, RGTX or BIL?

Over the 1-year period, BIL has performed better with a 3.82% return vs -64.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RGTX or BIL?

BIL is cheaper with a 0.14% expense ratio, compared with 1.29% for RGTX.

Which ETF pays a higher dividend yield, RGTX or BIL?

BIL has the higher dividend yield at 3.81%, compared with 2.35% for RGTX.

What is the main difference between RGTX and BIL?

RGTX is categorized as Leveraged Equities, while BIL is Government Bonds. They also come from different issuers: Defiance and State Street. Their fees differ too: 1.29% for RGTX and 0.14% for BIL.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.07 vs -0.30), 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.