USSG vs. BIL
USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 5 years, USSG returned 13.57%/yr vs 3.45%/yr for BIL. At a correlation of -0.01, they often move in opposite directions. USSG charges 0.10%/yr vs 0.14%/yr for BIL.
Performance
USSG vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, USSG achieves a 8.92% return, which is significantly higher than BIL's 1.66% return.
USSG
- 1D
- -0.47%
- 1M
- -0.02%
- YTD
- 8.92%
- 6M
- 8.06%
- 1Y
- 27.66%
- 3Y*
- 21.57%
- 5Y*
- 13.57%
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 1.75%
- 1Y
- 3.85%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
USSG vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 8.92% | 18.97% | 23.45% | 29.17% | -20.33% | 31.83% | 18.71% | 19.24% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.66% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 1.64% |
Correlation
The correlation between USSG and BIL is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2019 | -0.01 |
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Return for Risk
USSG vs. BIL — Risk / Return Rank
USSG
BIL
USSG vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) 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.
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.
| USSG | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.34 | ||
| Sortino ratioReturn per unit of downside risk | -170.35 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 87.41 | -86.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 353.28 | -350.80 |
| Martin ratioReturn relative to average drawdown | 10.49 | 2,801.35 | -2,790.86 |
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Drawdowns
USSG vs. BIL - Drawdown Comparison
The maximum USSG drawdown since its inception was -34.10%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for USSG and BIL.
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Drawdown Indicators
| USSG | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -0.78% | -33.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -0.01% | -11.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -0.01% | -19.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | -0.09% | -26.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -1.74% | 0.00% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -0.26% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 0.00% | +2.64% |
Volatility
USSG vs. BIL - Volatility Comparison
Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) has a higher volatility of 5.11% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that USSG'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
| USSG | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 0.07% | +5.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.89% | 0.14% | +10.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 0.20% | +13.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 0.26% | +17.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.17% | 0.26% | +19.91% |
USSG vs. BIL - Expense Ratio Comparison
USSG has a 0.10% 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%.
Dividends
USSG vs. BIL - Dividend Comparison
USSG's dividend yield for the trailing twelve months is around 0.99%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
USSG Xtrackers MSCI USA ESG Leaders Equity ETF | 0.99% | 1.02% | 1.13% | 1.60% | 1.52% | 1.13% | 1.42% | 1.21% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USSG and BIL have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USSG has higher volatility (5.11%) compared to BIL (0.07%). In terms of maximum drawdown, USSG dropped -34.10% vs BIL's -0.78%.
On 5-year performance, USSG leads with 13.57% vs 3.45% for BIL. On fees, USSG is cheaper at 0.10% per year. On volatility, BIL has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USSG has performed better with a 13.57% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USSG is cheaper with a 0.10% expense ratio, compared with 0.14% for BIL.
BIL has the higher dividend yield at 3.85%, compared with 0.99% for USSG.
USSG is categorized as Large Cap Growth Equities, while BIL is Government Bonds. USSG tracks MSCI USA ESG Leaders, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: Deutsche Bank and State Street. Their fees differ too: 0.10% for USSG and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.37 vs 2.03), 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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