TBIL vs. ULVM
TBIL (F/m US Treasury 3 Month Bill ETF) and ULVM (VictoryShares US Value Momentum ETF) are both exchange-traded funds - TBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index, while ULVM is a Momentum fund tracking the Nasdaq Victory US Value Momentum Index. Both are passively managed. Over the past 3 years, TBIL returned 4.57%/yr vs 20.61%/yr for ULVM. Their 0.04 correlation means their historical movements had little consistent relationship. TBIL charges 0.15%/yr vs 0.20%/yr for ULVM.
Performance
TBIL vs. ULVM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TBIL achieves a 2.11% return, which is significantly lower than ULVM's 20.05% return.
TBIL
- 1D
- 0.04%
- 1M
- 0.34%
- 6M
- 1.80%
- YTD
- 2.11%
- 1Y
- 3.91%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.50%
ULVM
- 1D
- -0.20%
- 1M
- 2.46%
- 6M
- 15.22%
- YTD
- 20.05%
- 1Y
- 29.82%
- 3Y*
- 20.61%
- 5Y*
- 12.55%
- 10Y*
- —
- ALL TIME*
- 11.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.47M | $81.39M | $91.49M | |
| $297.74K | $260.49K | $217.66K |
TBIL vs. ULVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TBIL F/m US Treasury 3 Month Bill ETF | 2.11% | 4.19% | 5.15% | 5.12% | 1.29% |
ULVM VictoryShares US Value Momentum ETF | 20.05% | 15.84% | 19.76% | 10.16% | 0.04% |
Correlation
The correlation between TBIL and ULVM is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TBIL vs. ULVM — Risk / Return Rank
TBIL
ULVM
TBIL vs. ULVM - 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 VictoryShares US Value Momentum ETF (ULVM). 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 | ULVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.33 | ||
| Sortino ratioReturn per unit of downside risk | +64.90 | ||
| Omega ratioGain probability vs. loss probability | 22.93 | 1.49 | +21.44 |
| Calmar ratioReturn relative to maximum drawdown | 195.78 | 4.63 | +191.15 |
| Martin ratioReturn relative to average drawdown | 1,113.66 | 19.50 | +1,094.15 |
Loading charts...
Drawdowns
TBIL vs. ULVM - Drawdown Comparison
The maximum TBIL drawdown since its inception was -0.10%, smaller than the maximum ULVM drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for TBIL and ULVM.
Loading charts...
Drawdown Indicators
| TBIL | ULVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.10% | -40.71% | +40.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -6.47% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -18.14% | +18.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.77% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.26% | +1.26% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -5.65% | +5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.53% | -1.53% |
Volatility
TBIL vs. ULVM - Volatility Comparison
The current volatility for F/m US Treasury 3 Month Bill ETF (TBIL) is 0.09%, while VictoryShares US Value Momentum ETF (ULVM) has a volatility of 2.72%. This indicates that TBIL experiences smaller price fluctuations and is considered to be less risky than ULVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TBIL | ULVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.09% | 2.72% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 8.10% | -7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 10.81% | -10.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.32% | 15.39% | -15.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.32% | 18.73% | -18.41% |
TBIL vs. ULVM - Expense Ratio Comparison
TBIL has a 0.15% expense ratio, which is lower than ULVM's 0.20% 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%.
Dividends
TBIL vs. ULVM - Dividend Comparison
TBIL's dividend yield for the trailing twelve months is around 4.04%, more than ULVM's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TBIL F/m US Treasury 3 Month Bill ETF | 4.04% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ULVM VictoryShares US Value Momentum ETF | 1.62% | 1.81% | 1.57% | 1.94% | 1.91% | 1.36% | 1.51% | 1.88% | 1.67% | 0.38% |
Frequently Asked Questions
TBIL and ULVM have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULVM has higher volatility (2.72%) compared to TBIL (0.09%). In terms of maximum drawdown, TBIL dropped -0.10% vs ULVM's -40.71%.
On 3-year performance, ULVM leads with 20.61% vs 4.57% for TBIL. On fees, TBIL is cheaper at 0.15% per year. On volatility, TBIL has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ULVM has performed better with a 20.61% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TBIL is cheaper with a 0.15% expense ratio, compared with 0.20% for ULVM.
TBIL has the higher dividend yield at 4.04%, compared with 1.62% for ULVM.
TBIL is categorized as Ultrashort Bond, while ULVM is Momentum. TBIL tracks Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index, while ULVM tracks Nasdaq Victory US Value Momentum Index. They also come from different issuers: F/m and Victory. Their fees differ too: 0.15% for TBIL and 0.20% for ULVM.
TBIL currently has the higher Sharpe Ratio (14.11 vs 2.78), 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.
Find the right allocation for TBIL and ULVM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer