USAR vs. BIL

Last updated Jun 4, 2026

USAR (USA Rare Earth, Inc) is a stock, while BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) is Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Over the past year, USAR returned 208.15% vs 3.87% for BIL. At a correlation of -0.05, they often move in opposite directions.

Performance

USAR vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USA Rare Earth, Inc (USAR) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USAR achieves a 135.13% return, which is significantly higher than BIL's 1.49% return.

USAR

• 1D: -8.86%
• 1M: 9.38%
• YTD: 135.13%
• 6M: 99.57%
• 1Y: 208.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIL

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.49%
• 6M: 1.77%
• 1Y: 3.87%
• 3Y*: 4.64%
• 5Y*: 3.41%
• 10Y*: 2.18%

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

USAR vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USAR USA Rare Earth, Inc	135.13%	3.66%	11.13%	2.58%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.49%	4.15%	5.19%	2.43%

Correlation

The correlation between USAR and BIL is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Jul 18, 2023	-0.05

Return for Risk

USAR vs. BIL — Risk / Return Rank

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

USAR

USAR Risk / Return Rank: 80
USAR Sharpe Ratio Rank: 84
USAR Sortino Ratio Rank: 83
USAR Omega Ratio Rank: 77
USAR Calmar Ratio Rank: 82
USAR Martin Ratio Rank: 75

BIL

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

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.

USAR vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USA Rare Earth, Inc (USAR) and SPDR Bloomberg 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.

	USAR	BIL	Difference
Sharpe ratio: Return per unit of total volatility	1.71	19.71	-18.00
Sortino ratio: Return per unit of downside risk	2.62	174.16	-171.54
Omega ratio: Gain probability vs. loss probability	1.28	87.91	-86.62
Calmar ratio: Return relative to maximum drawdown	3.03	355.35	-352.33
Martin ratio: Return relative to average drawdown	5.02	2,817.77	-2,812.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAR vs. BIL - Sharpe Ratio Comparison

The current USAR Sharpe Ratio is 1.71, which is lower than the BIL Sharpe Ratio of 19.71. The chart below compares the historical Sharpe Ratios of USAR and BIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USAR	BIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	19.71	-18.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	13.16	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	8.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	2.78	-2.37

Drawdowns

USAR vs. BIL - Drawdown Comparison

The maximum USAR drawdown since its inception was -69.23%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for USAR and BIL.

Drawdown Indicators

	USAR	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-69.23%	-0.78%	-68.45%
Max Drawdown (1Y) Largest decline over 1 year	-69.23%	-0.01%	-69.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	-27.66%	0.00%	-27.66%
Average Drawdown Average peak-to-trough decline	-18.60%	-0.26%	-18.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.62%	0.00%	+41.62%

Volatility

USAR vs. BIL - Volatility Comparison

USA Rare Earth, Inc (USAR) has a higher volatility of 30.06% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that USAR'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.

Volatility by Period

	USAR	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.06%	0.05%	+30.01%
Volatility (6M) Calculated over the trailing 6-month period	81.05%	0.13%	+80.92%
Volatility (1Y) Calculated over the trailing 1-year period	122.97%	0.20%	+122.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.42%	0.26%	+104.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.42%	0.26%	+104.16%

Dividends

USAR vs. BIL - Dividend Comparison

USAR has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 3.86%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.86%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%
USAR USA Rare Earth, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USAR and BIL in my portfolio?

USAR and BIL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USAR or BIL?

USAR has higher volatility (30.06%) compared to BIL (0.05%). In terms of maximum drawdown, USAR dropped -69.23% vs BIL's -0.78%.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.71 vs 1.71), 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.