SPAXX vs. BIL
Compare and contrast key facts about Fidelity Government Money Market Fund (SPAXX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SPAXX is managed by Fidelity. It was launched on Feb 5, 1990. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPAXX or BIL.
Correlation
The correlation between SPAXX and BIL is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SPAXX vs. BIL - Performance Comparison
Key characteristics
SPAXX:
3.04
BIL:
20.71
SPAXX:
0.00%
BIL:
0.00%
SPAXX:
1.28%
BIL:
0.24%
SPAXX:
0.00%
BIL:
-0.77%
SPAXX:
0.00%
BIL:
0.00%
Returns By Period
In the year-to-date period, SPAXX achieves a 0.65% return, which is significantly lower than BIL's 1.41% return. Over the past 10 years, SPAXX has underperformed BIL with an annualized return of 1.28%, while BIL has yielded a comparatively higher 1.76% annualized return.
SPAXX
0.65%
0.00%
1.37%
3.90%
2.31%
1.28%
BIL
1.41%
0.36%
2.15%
4.79%
2.55%
1.76%
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SPAXX vs. BIL - Expense Ratio Comparison
Risk-Adjusted Performance
SPAXX vs. BIL — Risk-Adjusted Performance Rank
SPAXX
BIL
SPAXX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and SPDR Barclays 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.
Dividends
SPAXX vs. BIL - Dividend Comparison
SPAXX's dividend yield for the trailing twelve months is around 4.15%, less than BIL's 4.69% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 4.15% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.69% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
SPAXX vs. BIL - Drawdown Comparison
The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SPAXX and BIL. For additional features, visit the drawdowns tool.
Volatility
SPAXX vs. BIL - Volatility Comparison
The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a volatility of 0.07%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.