SLDR vs. BIL

Last updated Jun 5, 2026

SLDR (Global X Short-Term Treasury Ladder ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both Government Bonds funds - SLDR tracks the FTSE US Treasury 1-3 Years Laddered Bond Index while BIL tracks the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past year, SLDR returned 3.07% vs 3.87% for BIL. At a 0.06 correlation, their price movements are largely independent. SLDR charges 0.12%/yr vs 0.14%/yr for BIL.

Performance

SLDR vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Short-Term Treasury Ladder ETF (SLDR) 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, SLDR achieves a 0.38% return, which is significantly lower than BIL's 1.49% return.

SLDR

• 1D: 0.07%
• 1M: 0.15%
• YTD: 0.38%
• 6M: 0.73%
• 1Y: 3.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.49%
• 6M: 1.76%
• 1Y: 3.87%
• 3Y*: 4.64%
• 5Y*: 3.41%
• 10Y*: 2.18%

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

SLDR vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SLDR Global X Short-Term Treasury Ladder ETF	0.38%	4.60%	0.61%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.49%	4.15%	1.45%

Correlation

The correlation between SLDR and BIL 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 Sep 11, 2024	0.06

Return for Risk

SLDR vs. BIL — Risk / Return Rank

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

SLDR

SLDR Risk / Return Rank: 81
SLDR Sharpe Ratio Rank: 78
SLDR Sortino Ratio Rank: 88
SLDR Omega Ratio Rank: 92
SLDR Calmar Ratio Rank: 72
SLDR Martin Ratio Rank: 74

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.

SLDR vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Short-Term Treasury Ladder ETF (SLDR) 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.

	SLDR	BIL	Difference
Sharpe ratio: Return per unit of total volatility	2.47	19.71	-17.24
Sortino ratio: Return per unit of downside risk	3.95	174.16	-170.21
Omega ratio: Gain probability vs. loss probability	1.61	87.91	-86.30
Calmar ratio: Return relative to maximum drawdown	3.53	355.35	-351.82
Martin ratio: Return relative to average drawdown	13.65	2,817.77	-2,804.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLDR vs. BIL - Sharpe Ratio Comparison

The current SLDR Sharpe Ratio is 2.47, which is lower than the BIL Sharpe Ratio of 19.71. The chart below compares the historical Sharpe Ratios of SLDR 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.

Sharpe Ratios by Period

	SLDR	BIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	19.71	-17.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	13.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	8.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.61	2.78	-0.16

Drawdowns

SLDR vs. BIL - Drawdown Comparison

The maximum SLDR drawdown since its inception was -0.87%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SLDR and BIL.

Drawdown Indicators

	SLDR	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-0.78%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	-0.01%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	-0.21%	0.00%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.14%	-0.26%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	0.00%	+0.23%

Volatility

SLDR vs. BIL - Volatility Comparison

Global X Short-Term Treasury Ladder ETF (SLDR) has a higher volatility of 0.37% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that SLDR'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

	SLDR	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.37%	0.06%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	0.79%	0.13%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	1.26%	0.20%	+1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.24%	0.26%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.24%	0.26%	+0.98%

SLDR vs. BIL - Expense Ratio Comparison

SLDR has a 0.12% expense ratio, which is lower than BIL's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SLDR vs. BIL - Dividend Comparison

SLDR's dividend yield for the trailing twelve months is around 3.71%, 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%
SLDR Global X Short-Term Treasury Ladder ETF	3.71%	3.80%	0.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SLDR and BIL in my portfolio?

SLDR and BIL 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.

Which is riskier, SLDR or BIL?

SLDR has higher volatility (0.37%) compared to BIL (0.06%). In terms of maximum drawdown, SLDR dropped -0.87% vs BIL's -0.78%.

Which ETF is better, SLDR or BIL?

On 1-year performance, BIL leads with 3.87% vs 3.07% for SLDR. On fees, SLDR is cheaper at 0.12% per year. On volatility, BIL 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, SLDR or BIL?

Over the 1-year period, BIL has performed better with a 3.87% return vs 3.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLDR or BIL?

SLDR is cheaper with a 0.12% expense ratio, compared with 0.14% for BIL.

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

BIL has the higher dividend yield at 3.86%, compared with 3.71% for SLDR.

What is the main difference between SLDR and BIL?

SLDR tracks FTSE US Treasury 1-3 Years Laddered Bond Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.12% for SLDR and 0.14% for BIL.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.71 vs 2.47), 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.