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.
Performance
TBIIX vs. BIL - Performance Comparison
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TBIIX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | -0.49% | 7.12% | 1.13% | 5.13% | -13.61% | -1.81% | 7.69% | 8.58% | -0.25% | 3.43% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, TBIIX achieves a -0.49% return, which is significantly lower than BIL's 0.85% return. Over the past 10 years, TBIIX has underperformed BIL with an annualized return of 1.42%, while BIL has yielded a comparatively higher 2.12% annualized return.
TBIIX
- 1D
- 0.52%
- 1M
- -2.32%
- YTD
- -0.49%
- 6M
- 0.47%
- 1Y
- 3.77%
- 3Y*
- 3.19%
- 5Y*
- -0.09%
- 10Y*
- 1.42%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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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%.
Return for Risk
TBIIX vs. BIL — Risk / Return Rank
TBIIX
BIL
TBIIX vs. BIL - Risk-Adjusted Trends 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.
| TBIIX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 19.52 | -18.56 |
Sortino ratioReturn per unit of downside risk | 1.38 | 254.04 | -252.66 |
Omega ratioGain probability vs. loss probability | 1.17 | 180.28 | -179.11 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 365.54 | -363.86 |
Martin ratioReturn relative to average drawdown | 4.81 | 4,104.04 | -4,099.23 |
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
| TBIIX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 19.52 | -18.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 12.54 | -12.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 8.22 | -7.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 2.72 | -2.19 |
Correlation
The correlation between TBIIX and BIL is 0.02, 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.
Dividends
TBIIX vs. BIL - Dividend Comparison
TBIIX's dividend yield for the trailing twelve months is around 3.52%, less than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBIIX TIAA-CREF Bond Index Fund | 3.52% | 3.73% | 3.14% | 2.44% | 2.11% | 2.07% | 3.17% | 2.82% | 2.46% | 2.44% | 2.31% | 2.61% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% |
Drawdowns
TBIIX vs. BIL - Drawdown Comparison
The maximum TBIIX drawdown since its inception was -19.33%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for TBIIX and BIL.
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Drawdown Indicators
| TBIIX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -0.78% | -18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -0.01% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | -0.12% | -18.56% |
Max Drawdown (10Y)Largest decline over 10 years | -19.33% | -0.21% | -19.12% |
Current DrawdownCurrent decline from peak | -4.35% | 0.00% | -4.35% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -0.26% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 0.00% | +0.99% |
Volatility
TBIIX vs. BIL - Volatility Comparison
TIAA-CREF Bond Index Fund (TBIIX) has a higher volatility of 1.61% 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.
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Volatility by Period
| TBIIX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 0.05% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 0.14% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.55% | 0.21% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 0.26% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 0.26% | +4.74% |