SPTM vs. BIL
SPTM (SPDR Portfolio S&P 1500 Composite Stock Market ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - SPTM is a Large Cap Blend Equities fund tracking the S&P Composite 1500 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 10 years, SPTM returned 15.21%/yr vs 2.18%/yr for BIL. At a correlation of -0.02, they often move in opposite directions. SPTM charges 0.03%/yr vs 0.14%/yr for BIL.
Performance
SPTM vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, SPTM achieves a 11.10% return, which is significantly higher than BIL's 1.49% return. Over the past 10 years, SPTM has outperformed BIL with an annualized return of 15.21%, while BIL has yielded a comparatively lower 2.18% annualized return.
SPTM
- 1D
- -0.67%
- 1M
- 4.87%
- YTD
- 11.10%
- 6M
- 11.13%
- 1Y
- 27.84%
- 3Y*
- 21.90%
- 5Y*
- 13.38%
- 10Y*
- 15.21%
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%
SPTM vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 11.10% | 16.93% | 23.87% | 25.55% | -17.75% | 28.58% | 17.94% | 31.34% | -5.30% | 21.18% |
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% | 0.69% |
Correlation
The correlation between SPTM and BIL is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 31, 2007 | -0.02 |
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Return for Risk
SPTM vs. BIL — Risk / Return Rank
SPTM
BIL
SPTM vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) 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.
| SPTM | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.35 | ||
| Sortino ratioReturn per unit of downside risk | -170.93 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 87.91 | -86.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 355.35 | -352.13 |
| Martin ratioReturn relative to average drawdown | 15.01 | 2,817.77 | -2,802.76 |
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
| SPTM | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 19.71 | -17.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 13.16 | -12.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 8.52 | -7.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 2.78 | -2.32 |
Drawdowns
SPTM vs. BIL - Drawdown Comparison
The maximum SPTM drawdown since its inception was -54.80%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for SPTM and BIL.
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Drawdown Indicators
| SPTM | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.80% | -0.78% | -54.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -0.01% | -8.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -0.01% | -18.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -0.10% | -24.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -0.21% | -34.45% |
Current DrawdownCurrent decline from peak | -0.67% | 0.00% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -0.26% | -8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.00% | +1.86% |
Volatility
SPTM vs. BIL - Volatility Comparison
SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) has a higher volatility of 2.88% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that SPTM'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
| SPTM | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 0.05% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 0.13% | +8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 0.20% | +11.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 0.26% | +16.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 0.26% | +17.77% |
SPTM vs. BIL - Expense Ratio Comparison
SPTM has a 0.03% 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
SPTM vs. BIL - Dividend Comparison
SPTM's dividend yield for the trailing twelve months is around 1.04%, less than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF | 1.04% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.56% | 1.72% | 1.90% | 1.66% | 1.91% | 1.92% |
Frequently Asked Questions
SPTM and BIL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPTM has higher volatility (2.88%) compared to BIL (0.05%). In terms of maximum drawdown, SPTM dropped -54.80% vs BIL's -0.78%.
On 10-year performance, SPTM leads with 15.21% vs 2.18% for BIL. On fees, SPTM is cheaper at 0.03% 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 10-year period, SPTM has performed better with a 15.21% return vs 2.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPTM is cheaper with a 0.03% expense ratio, compared with 0.14% for BIL.
BIL has the higher dividend yield at 3.86%, compared with 1.04% for SPTM.
SPTM is categorized as Large Cap Blend Equities, while BIL is Government Bonds. SPTM tracks S&P Composite 1500 Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. Their fees differ too: 0.03% for SPTM and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 2.36), 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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