TRIN vs. TBIL
TRIN (Trinity Capital Inc.) is a stock, while TBIL (US Treasury 3 Month Bill ETF) is Ultrashort Bond fund tracking the ICE BofA US Treasury Bill 3 Month Index. Over the past 3 years, TRIN returned 27.60%/yr vs 4.63%/yr for TBIL. At a correlation of -0.03, they often move in opposite directions.
Performance
TRIN vs. TBIL - Performance Comparison
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Returns By Period
In the year-to-date period, TRIN achieves a 23.86% return, which is significantly higher than TBIL's 1.51% return.
TRIN
- 1D
- 1.78%
- 1M
- 2.31%
- YTD
- 23.86%
- 6M
- 26.92%
- 1Y
- 38.78%
- 3Y*
- 27.60%
- 5Y*
- 19.01%
- 10Y*
- —
TBIL
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.51%
- 6M
- 1.78%
- 1Y
- 3.93%
- 3Y*
- 4.63%
- 5Y*
- —
- 10Y*
- —
TRIN vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRIN Trinity Capital Inc. | 23.86% | 16.01% | 14.83% | 53.97% | -20.70% |
TBIL US Treasury 3 Month Bill ETF | 1.51% | 4.19% | 5.15% | 5.12% | 1.30% |
Correlation
The correlation between TRIN and TBIL is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022 | -0.03 |
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Return for Risk
TRIN vs. TBIL — Risk / Return Rank
TRIN
TBIL
TRIN vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trinity Capital Inc. (TRIN) and US Treasury 3 Month Bill ETF (TBIL). 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.
| TRIN | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.84 | ||
| Sortino ratioReturn per unit of downside risk | -55.76 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 17.16 | -15.84 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 196.84 | -194.24 |
| Martin ratioReturn relative to average drawdown | 6.53 | 934.40 | -927.87 |
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
| TRIN | TBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 13.78 | -11.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 14.08 | -13.42 |
Drawdowns
TRIN vs. TBIL - Drawdown Comparison
The maximum TRIN drawdown since its inception was -43.12%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for TRIN and TBIL.
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Drawdown Indicators
| TRIN | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.12% | -0.10% | -43.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.99% | -0.02% | -14.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -0.02% | -15.56% |
Max Drawdown (5Y)Largest decline over 5 years | -43.12% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | 0.00% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -0.00% | -8.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 0.00% | +5.95% |
Volatility
TRIN vs. TBIL - Volatility Comparison
Trinity Capital Inc. (TRIN) has a higher volatility of 6.65% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.08%. This indicates that TRIN's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRIN | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 0.08% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 0.19% | +15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 0.29% | +19.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.59% | 0.32% | +26.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 0.32% | +26.50% |
Dividends
TRIN vs. TBIL - Dividend Comparison
TRIN's dividend yield for the trailing twelve months is around 13.85%, more than TBIL's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TBIL US Treasury 3 Month Bill ETF | 3.82% | 4.07% | 5.02% | 5.00% | 1.10% | 0.00% |
TRIN Trinity Capital Inc. | 13.85% | 13.92% | 14.10% | 14.04% | 21.32% | 7.17% |
Frequently Asked Questions
TRIN and TBIL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRIN has higher volatility (6.65%) compared to TBIL (0.08%). In terms of maximum drawdown, TRIN dropped -43.12% vs TBIL's -0.10%.
TBIL currently has the higher Sharpe Ratio (13.78 vs 1.94), 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.
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