TBIL vs. META

Last updated Jun 20, 2026

TBIL (F/m US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index, while META (Meta Platforms, Inc.) is a stock. Over the past 3 years, TBIL returned 4.62%/yr vs 27.49%/yr for META. At a 0.04 correlation, their price movements are largely independent.

Performance

TBIL vs. META - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m US Treasury 3 Month Bill ETF (TBIL) and Meta Platforms, Inc. (META). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBIL achieves a 1.67% return, which is significantly higher than META's -12.40% return.

TBIL

• 1D: 0.04%
• 1M: 0.30%
• YTD: 1.67%
• 6M: 1.76%
• 1Y: 3.91%
• 3Y*: 4.62%
• 5Y*: —
• 10Y*: —

META

• 1D: 1.70%
• 1M: -4.88%
• YTD: -12.40%
• 6M: -12.22%
• 1Y: -15.13%
• 3Y*: 27.49%
• 5Y*: 12.05%
• 10Y*: 17.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TBIL vs. META - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TBIL F/m US Treasury 3 Month Bill ETF	1.67%	4.19%	5.15%	5.12%	1.29%
META Meta Platforms, Inc.	-12.40%	13.09%	66.05%	194.13%	-29.32%

Correlation

The correlation between TBIL and META is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022	0.04

The correlation between TBIL and META shifts across timeframes, from -0.07 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TBIL vs. META — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBIL

TBIL Risk / Return Rank: 100
TBIL Sharpe Ratio Rank: 100
TBIL Sortino Ratio Rank: 100
TBIL Omega Ratio Rank: 100
TBIL Calmar Ratio Rank: 100
TBIL Martin Ratio Rank: 100

META

META Risk / Return Rank: 22
META Sharpe Ratio Rank: 22
META Sortino Ratio Rank: 21
META Omega Ratio Rank: 21
META Calmar Ratio Rank: 25
META Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TBIL vs. META - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 3 Month Bill ETF (TBIL) and Meta Platforms, Inc. (META). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TBIL	META	Difference
Sharpe ratio: Return per unit of total volatility	13.87	-0.47	+14.34
Sortino ratio: Return per unit of downside risk	58.70	-0.47	+59.16
Omega ratio: Gain probability vs. loss probability	17.24	0.94	+16.30
Calmar ratio: Return relative to maximum drawdown	197.88	-0.51	+198.38
Martin ratio: Return relative to average drawdown	939.33	-1.03	+940.36

TBIL vs. META - Sharpe Ratio Comparison

The current TBIL Sharpe Ratio is 13.87, which is higher than the META Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of TBIL and META, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TBIL vs. META - Drawdown Comparison

The maximum TBIL drawdown since its inception was -0.10%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for TBIL and META.

Drawdown Indicators

	TBIL	META	Difference
Max Drawdown Largest peak-to-trough decline	-0.10%	-76.74%	+76.64%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-33.30%	+33.28%
Max Drawdown (3Y) Largest decline over 3 years	-0.02%	-34.15%	+34.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-76.74%	—
Current Drawdown Current decline from peak	0.00%	-26.69%	+26.69%
Average Drawdown Average peak-to-trough decline	-0.00%	-15.84%	+15.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	16.38%	-16.38%

Volatility

TBIL vs. META - Volatility Comparison

The current volatility for F/m US Treasury 3 Month Bill ETF (TBIL) is 0.07%, while Meta Platforms, Inc. (META) has a volatility of 12.77%. This indicates that TBIL experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBIL	META	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	12.77%	-12.70%
Volatility (6M) Calculated over the trailing 6-month period	0.19%	27.88%	-27.69%
Volatility (1Y) Calculated over the trailing 1-year period	0.29%	36.16%	-35.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.32%	44.16%	-43.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.32%	38.74%	-38.42%

Dividends

TBIL vs. META - Dividend Comparison

TBIL's dividend yield for the trailing twelve months is around 3.81%, more than META's 0.36% yield.

Position	TTM	2025	2024	2023	2022
META Meta Platforms, Inc.	0.36%	0.32%	0.34%	0.00%	0.00%
TBIL F/m US Treasury 3 Month Bill ETF	3.81%	4.07%	5.02%	5.00%	1.10%

Frequently Asked Questions

Can I hold both TBIL and META in my portfolio?

TBIL and META have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBIL or META?

META has higher volatility (12.77%) compared to TBIL (0.07%). In terms of maximum drawdown, TBIL dropped -0.10% vs META's -76.74%.

Which has better risk-adjusted returns?

TBIL currently has the higher Sharpe Ratio (13.87 vs -0.47), 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.