UTHY vs. BIL
UTHY (US Treasury 30 Year Bond ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both Government Bonds funds - UTHY tracks the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross while BIL tracks the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 3 years, UTHY returned -2.16%/yr vs 4.64%/yr for BIL. At a correlation of -0.08, they often move in opposite directions. UTHY charges 0.15%/yr vs 0.14%/yr for BIL.
Performance
UTHY vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, UTHY achieves a -0.35% return, which is significantly lower than BIL's 1.49% return.
UTHY
- 1D
- -0.33%
- 1M
- 0.79%
- YTD
- -0.35%
- 6M
- -1.86%
- 1Y
- 4.46%
- 3Y*
- -2.16%
- 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%
UTHY vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -0.35% | 3.47% | -8.07% | -2.67% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 5.19% | 3.87% |
Correlation
The correlation between UTHY and BIL is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | -0.08 |
The correlation between UTHY and BIL shifts across timeframes, from -0.22 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UTHY vs. BIL — Risk / Return Rank
UTHY
BIL
UTHY vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) 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.
| UTHY | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.23 | ||
| Sortino ratioReturn per unit of downside risk | -173.41 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 87.91 | -86.82 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 355.35 | -354.74 |
| Martin ratioReturn relative to average drawdown | 1.54 | 2,817.77 | -2,816.24 |
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
| UTHY | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 19.71 | -19.23 |
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 | -0.18 | 2.78 | -2.96 |
Drawdowns
UTHY vs. BIL - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for UTHY and BIL.
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Drawdown Indicators
| UTHY | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -0.78% | -21.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -0.01% | -7.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -0.01% | -18.57% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -11.44% | 0.00% | -11.44% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -0.26% | -10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.00% | +2.91% |
Volatility
UTHY vs. BIL - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) has a higher volatility of 2.72% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that UTHY'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
| UTHY | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 0.05% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 0.13% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.41% | 0.20% | +9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 0.26% | +13.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.65% | 0.26% | +13.39% |
UTHY vs. BIL - Expense Ratio Comparison
UTHY has a 0.15% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UTHY vs. BIL - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.64%, more than BIL's 3.86% yield.
| 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% |
UTHY US Treasury 30 Year Bond ETF | 4.64% | 4.53% | 4.58% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTHY and BIL have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTHY has higher volatility (2.72%) compared to BIL (0.05%). In terms of maximum drawdown, UTHY dropped -21.86% vs BIL's -0.78%.
On 3-year performance, BIL leads with 4.64% vs -2.16% for UTHY. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BIL has performed better with a 4.64% return vs -2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.15% for UTHY.
UTHY has the higher dividend yield at 4.64%, compared with 3.86% for BIL.
UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: US Benchmark Series and State Street. Their fees differ too: 0.15% for UTHY and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 0.48), 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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