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 0.03, 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.
Performance
TBIIX vs. BIL - Performance Comparison
Key characteristics
TBIIX:
1.24
BIL:
20.93
TBIIX:
1.84
BIL:
254.54
TBIIX:
1.22
BIL:
147.96
TBIIX:
0.46
BIL:
450.88
TBIIX:
3.15
BIL:
4,138.82
TBIIX:
2.10%
BIL:
0.00%
TBIIX:
5.35%
BIL:
0.24%
TBIIX:
-19.73%
BIL:
-0.77%
TBIIX:
-6.84%
BIL:
0.00%
Returns By Period
In the year-to-date period, TBIIX achieves a 3.57% return, which is significantly higher than BIL's 1.08% return. Over the past 10 years, TBIIX has underperformed BIL with an annualized return of 1.30%, while BIL has yielded a comparatively higher 1.73% annualized return.
TBIIX
3.57%
1.35%
1.50%
6.29%
-0.53%
1.30%
BIL
1.08%
0.37%
2.19%
4.89%
2.49%
1.73%
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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 3.44%, less than BIL's 4.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.44% | 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 | 4.77% | 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 1.35% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. 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.