SAP vs. VBIL
SAP (SAP SE) is a stock, while VBIL (Vanguard 0-3 Month Treasury Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Over the past year, SAP returned -45.09% vs 3.89% for VBIL. At a correlation of -0.02, they often move in opposite directions.
Performance
SAP vs. VBIL - Performance Comparison
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Returns By Period
In the year-to-date period, SAP achieves a -34.99% return, which is significantly lower than VBIL's 1.67% return.
SAP
- 1D
- -2.25%
- 1M
- -11.95%
- YTD
- -34.99%
- 6M
- -35.37%
- 1Y
- -45.09%
- 3Y*
- 5.52%
- 5Y*
- 3.66%
- 10Y*
- 8.69%
VBIL
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.67%
- 6M
- 1.79%
- 1Y
- 3.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAP vs. VBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SAP SAP SE | -34.99% | -12.72% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 1.67% | 3.73% |
Correlation
The correlation between SAP and VBIL is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | -0.02 |
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Return for Risk
SAP vs. VBIL — Risk / Return Rank
SAP
VBIL
SAP vs. VBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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.
| SAP | VBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.28 | ||
| Sortino ratioReturn per unit of downside risk | -114.54 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 39.92 | -39.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 298.50 | -299.43 |
| Martin ratioReturn relative to average drawdown | -1.58 | 1,822.09 | -1,823.67 |
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Drawdowns
SAP vs. VBIL - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for SAP and VBIL.
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Drawdown Indicators
| SAP | VBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -0.09% | -87.82% |
Max Drawdown (1Y)Largest decline over 1 year | -49.37% | -0.01% | -49.36% |
Max Drawdown (3Y)Largest decline over 3 years | -49.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.31% | — | — |
Current DrawdownCurrent decline from peak | -49.37% | 0.00% | -49.37% |
Average DrawdownAverage peak-to-trough decline | -28.25% | -0.00% | -28.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.91% | 0.00% | +28.91% |
Volatility
SAP vs. VBIL - Volatility Comparison
SAP SE (SAP) has a higher volatility of 13.95% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.05%. This indicates that SAP's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAP | VBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 0.05% | +13.90% |
Volatility (6M)Calculated over the trailing 6-month period | 30.90% | 0.16% | +30.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.42% | 0.25% | +34.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.83% | 0.30% | +28.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.40% | 0.30% | +28.10% |
Dividends
SAP vs. VBIL - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.89%, less than VBIL's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | 1.89% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAP and VBIL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (13.95%) compared to VBIL (0.05%). In terms of maximum drawdown, SAP dropped -87.91% vs VBIL's -0.09%.
VBIL currently has the higher Sharpe Ratio (17.96 vs -1.33), 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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