SEMG vs. BILS

Last updated Aug 4, 2026

SEMG (Suncoast Select Growth ETF) and BILS (State Street SPDR Bloomberg 3-12 Month T-Bill ETF) are both exchange-traded funds - SEMG is a Large Cap Growth Equities fund actively managed by Alpha Architect, while BILS is a Ultrashort Bond fund tracking the Bloomberg 3-12 Month U.S. Treasury Bill Index. SEMG is actively managed, while BILS is passively managed. Over the past year, SEMG returned 5.93% vs 3.77% for BILS. Their 0.04 correlation means their historical movements had little consistent relationship. SEMG charges 0.60%/yr vs 0.14%/yr for BILS.

Performance

SEMG vs. BILS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Suncoast Select Growth ETF (SEMG) and State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SEMG achieves a 0.70% return, which is significantly lower than BILS's 2.02% return.

SEMG

• 1D: 1.42%
• 1M: 3.07%
• 6M: 3.38%
• YTD: 0.70%
• 1Y: 5.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.02%

BILS

• 1D: 0.02%
• 1M: 0.30%
• 6M: 1.73%
• YTD: 2.02%
• 1Y: 3.77%
• 3Y*: 4.57%
• 5Y*: 3.42%
• 10Y*: —
• ALL TIME*: 2.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BILS State Street SPDR Bloomberg 3-12 Month T-Bill ETF	$31.41M	$30.83M	$33.15M
SEMG Suncoast Select Growth ETF	$307.86K	$200.79K	$182.43K

SEMG vs. BILS - Yearly Performance Comparison

	2026 (YTD)	2025
SEMG Suncoast Select Growth ETF	0.70%	7.89%
BILS State Street SPDR Bloomberg 3-12 Month T-Bill ETF	2.02%	2.73%

Correlation

The correlation between SEMG and BILS is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.04

Return for Risk

SEMG vs. BILS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SEMG

SEMG Risk / Return Rank: 18
SEMG Sharpe Ratio Rank: 20
SEMG Sortino Ratio Rank: 19
SEMG Omega Ratio Rank: 19
SEMG Calmar Ratio Rank: 16
SEMG Martin Ratio Rank: 18

BILS

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEMG vs. BILS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Suncoast Select Growth ETF (SEMG) and State Street 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.

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.

	SEMG	BILS	Difference
Sharpe ratio: Return per unit of total volatility	0.44	17.34	-16.89
Sortino ratio: Return per unit of downside risk	0.70	83.43	-82.73
Omega ratio: Gain probability vs. loss probability	1.08	29.85	-28.76
Calmar ratio: Return relative to maximum drawdown	0.38	125.67	-125.29
Martin ratio: Return relative to average drawdown	1.15	1,180.37	-1,179.22

SEMG vs. BILS - Sharpe Ratio Comparison

The current SEMG Sharpe Ratio is 0.44, which is lower than the BILS Sharpe Ratio of 17.34. The chart below compares the historical Sharpe Ratios of SEMG and BILS, 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

SEMG vs. BILS - Drawdown Comparison

The maximum SEMG drawdown since its inception was -15.80%, which is greater than BILS's maximum drawdown of -0.41%. Use the drawdown chart below to compare losses from any high point for SEMG and BILS.

Drawdown Indicators

	SEMG	BILS	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-0.41%	-15.39%
Max Drawdown (1Y) Largest decline over 1 year	-15.80%	-0.03%	-15.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.36%	—
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-3.42%	-0.03%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	0.00%	+5.17%

Volatility

SEMG vs. BILS - Volatility Comparison

Suncoast Select Growth ETF (SEMG) has a higher volatility of 3.53% compared to State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) at 0.06%. This indicates that SEMG'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.

Volatility by Period

	SEMG	BILS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	0.06%	+3.47%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	0.14%	+10.37%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	0.22%	+13.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	0.31%	+12.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	0.29%	+12.85%

SEMG vs. BILS - Expense Ratio Comparison

SEMG has a 0.60% expense ratio, which is higher than BILS's 0.14% expense ratio.

Dividends

SEMG vs. BILS - Dividend Comparison

SEMG's dividend yield for the trailing twelve months is around 0.05%, less than BILS's 3.73% yield.

Position	TTM	2025	2024	2023	2022
BILS State Street SPDR Bloomberg 3-12 Month T-Bill ETF	3.73%	4.08%	5.01%	4.98%	1.61%
SEMG Suncoast Select Growth ETF	0.05%	0.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SEMG and BILS in my portfolio?

SEMG and BILS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SEMG or BILS?

SEMG has higher volatility (3.53%) compared to BILS (0.06%). In terms of maximum drawdown, SEMG dropped -15.80% vs BILS's -0.41%.

Which ETF is better, SEMG or BILS?

On 1-year performance, SEMG leads with 5.93% vs 3.77% for BILS. 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.

Which ETF has performed better, SEMG or BILS?

Over the 1-year period, SEMG has performed better with a 5.93% return vs 3.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SEMG or BILS?

BILS is cheaper with a 0.14% expense ratio, compared with 0.60% for SEMG.

Which ETF pays a higher dividend yield, SEMG or BILS?

BILS has the higher dividend yield at 3.73%, compared with 0.05% for SEMG.

What is the main difference between SEMG and BILS?

SEMG is categorized as Large Cap Growth Equities, while BILS is Ultrashort Bond. They also come from different issuers: Alpha Architect and State Street. Their fees differ too: 0.60% for SEMG and 0.14% for BILS.

Which has better risk-adjusted returns?

BILS currently has the higher Sharpe Ratio (17.34 vs 0.44), 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.