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.
Performance
TBIIX vs. BIL - Performance Comparison
Returns By Period
In the year-to-date period, TBIIX achieves a 1.46% return, which is significantly lower than BIL's 4.66% return. Over the past 10 years, TBIIX has underperformed BIL with an annualized return of 1.21%, while BIL has yielded a comparatively higher 1.56% annualized return.
TBIIX
1.46%
-0.75%
3.02%
6.29%
-0.53%
1.21%
BIL
4.66%
0.38%
2.55%
5.26%
2.28%
1.56%
Key characteristics
| TBIIX | BIL | |
|---|---|---|
| Sharpe Ratio | 1.11 | 20.40 |
| Sortino Ratio | 1.64 | 273.00 |
| Omega Ratio | 1.20 | 158.62 |
| Calmar Ratio | 0.41 | 482.85 |
| Martin Ratio | 3.62 | 4,446.75 |
| Ulcer Index | 1.77% | 0.00% |
| Daily Std Dev | 5.75% | 0.26% |
| Max Drawdown | -19.73% | -0.77% |
| Current Drawdown | -10.02% | 0.00% |
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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%.
Correlation
The correlation between TBIIX and BIL is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
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 3.34%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.34% | 2.92% | 2.52% | 1.90% | 2.23% | 2.66% | 2.69% | 2.42% | 2.33% | 2.27% | 2.17% | 1.89% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 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 1.39% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. 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.