TBIIX vs. BIL
Compare and contrast key facts about TIAA-CREF Bond Index Fund (TBIIX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009. 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: TBIIX or BIL.
Correlation
The correlation between TBIIX and BIL is -0.01. 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
TBIIX vs. BIL - Performance Comparison
Key characteristics
TBIIX:
1.27
BIL:
20.50
TBIIX:
1.90
BIL:
251.65
TBIIX:
1.23
BIL:
146.29
TBIIX:
0.48
BIL:
445.64
TBIIX:
3.29
BIL:
4,090.73
TBIIX:
2.10%
BIL:
0.00%
TBIIX:
5.42%
BIL:
0.24%
TBIIX:
-19.73%
BIL:
-0.77%
TBIIX:
-7.98%
BIL:
0.00%
Returns By Period
In the year-to-date period, TBIIX achieves a 2.30% return, which is significantly higher than BIL's 1.33% return. Over the past 10 years, TBIIX has underperformed BIL with an annualized return of 1.23%, while BIL has yielded a comparatively higher 1.75% annualized return.
TBIIX
2.30%
0.52%
1.82%
7.59%
-1.07%
1.23%
BIL
1.33%
0.37%
2.17%
4.82%
2.54%
1.75%
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TBIIX vs. BIL - Expense Ratio Comparison
TBIIX has a 0.07% 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%.
Risk-Adjusted Performance
TBIIX vs. BIL — Risk-Adjusted Performance Rank
TBIIX
BIL
TBIIX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TIAA-CREF Bond Index Fund (TBIIX) 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
TBIIX vs. BIL - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.49%, less than BIL's 4.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.49% | 3.42% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.76% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
Drawdowns
TBIIX vs. BIL - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.73%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for TBIIX and BIL. For additional features, visit the drawdowns tool.
Volatility
TBIIX vs. BIL - Volatility Comparison
TIAA-CREF Bond Index Fund (TBIIX) has a higher volatility of 2.16% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that TBIIX'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.