SIMS vs. BIL
SIMS (SPDR S&P Kensho Intelligent Structures ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - SIMS is a Global Equities fund tracking the S&P Kensho Intelligent Infrastructure Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 5 years, SIMS returned 0.71%/yr vs 3.41%/yr for BIL. At a 0.00 correlation, their price movements are largely independent. SIMS charges 0.45%/yr vs 0.14%/yr for BIL.
Performance
SIMS vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, SIMS achieves a 13.06% return, which is significantly higher than BIL's 1.49% return.
SIMS
- 1D
- -0.74%
- 1M
- 1.83%
- YTD
- 13.06%
- 6M
- 9.06%
- 1Y
- 39.98%
- 3Y*
- 12.52%
- 5Y*
- 0.71%
- 10Y*
- —
BIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.49%
- 6M
- 1.77%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.41%
- 10Y*
- 2.18%
SIMS vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIMS SPDR S&P Kensho Intelligent Structures ETF | 13.06% | 23.75% | -0.27% | 7.43% | -27.13% | 9.00% | 29.88% | 35.30% | -18.07% | 0.03% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | -0.02% |
Correlation
The correlation between SIMS and BIL is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2017 | 0.00 |
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Return for Risk
SIMS vs. BIL — Risk / Return Rank
SIMS
BIL
SIMS vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Intelligent Structures ETF (SIMS) 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.
| SIMS | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.97 | ||
| Sortino ratioReturn per unit of downside risk | -171.85 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 87.91 | -86.61 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 355.35 | -352.81 |
| Martin ratioReturn relative to average drawdown | 6.65 | 2,817.77 | -2,811.13 |
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
| SIMS | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 19.71 | -17.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 13.16 | -13.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 2.78 | -2.52 |
Drawdowns
SIMS vs. BIL - Drawdown Comparison
The maximum SIMS drawdown since its inception was -43.97%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SIMS and BIL.
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Drawdown Indicators
| SIMS | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.97% | -0.78% | -43.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.79% | -0.01% | -15.78% |
Max Drawdown (3Y)Largest decline over 3 years | -28.78% | -0.01% | -28.77% |
Max Drawdown (5Y)Largest decline over 5 years | -43.97% | -0.10% | -43.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -0.74% | 0.00% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -0.26% | -15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 0.00% | +6.03% |
Volatility
SIMS vs. BIL - Volatility Comparison
SPDR S&P Kensho Intelligent Structures ETF (SIMS) has a higher volatility of 5.15% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that SIMS'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.
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Volatility by Period
| SIMS | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 0.05% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.95% | 0.13% | +14.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.26% | 0.20% | +23.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.08% | 0.26% | +24.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.02% | 0.26% | +25.76% |
SIMS vs. BIL - Expense Ratio Comparison
SIMS has a 0.45% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
SIMS vs. BIL - Dividend Comparison
SIMS's dividend yield for the trailing twelve months is around 0.57%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
SIMS SPDR S&P Kensho Intelligent Structures ETF | 0.57% | 0.66% | 0.88% | 1.49% | 1.48% | 0.97% | 0.58% | 1.24% | 0.85% | 0.00% | 0.00% |
Frequently Asked Questions
SIMS and BIL have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIMS has higher volatility (5.15%) compared to BIL (0.05%). In terms of maximum drawdown, SIMS dropped -43.97% vs BIL's -0.78%.
On 5-year performance, BIL leads with 3.41% vs 0.71% for SIMS. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BIL has performed better with a 3.41% return vs 0.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.45% for SIMS.
BIL has the higher dividend yield at 3.86%, compared with 0.57% for SIMS.
SIMS is categorized as Global Equities, while BIL is Government Bonds. SIMS tracks S&P Kensho Intelligent Infrastructure Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. Their fees differ too: 0.45% for SIMS and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 1.74), 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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