UTHY vs. TBIL
UTHY (US Treasury 30 Year Bond ETF) and TBIL (F/m US Treasury 3 Month Bill ETF) are both exchange-traded funds - UTHY is a Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while TBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. Both are passively managed. Over the past 3 years, UTHY returned -1.17%/yr vs 4.55%/yr for TBIL. Their 0.06 correlation means their historical movements had little consistent relationship. Both charge a 0.15% expense ratio.
Performance
UTHY vs. TBIL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UTHY achieves a -2.44% return, which is significantly lower than TBIL's 2.13% return.
UTHY
- 1D
- 0.77%
- 1M
- -2.84%
- 6M
- -2.13%
- YTD
- -2.44%
- 1Y
- -1.50%
- 3Y*
- -1.17%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -3.02%
TBIL
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.82%
- YTD
- 2.13%
- 1Y
- 3.84%
- 3Y*
- 4.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.91M | $81.40M | $91.83M | |
| $5.77M | $5.13M | $5.93M |
UTHY vs. TBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | -2.44% | 3.47% | -8.07% | -2.77% |
TBIL F/m US Treasury 3 Month Bill ETF | 2.13% | 4.19% | 5.15% | 3.97% |
Correlation
The correlation between UTHY and TBIL is 0.00, 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. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.06 |
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
UTHY vs. TBIL — Risk / Return Rank
UTHY
TBIL
UTHY vs. TBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) and F/m 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.
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.
| UTHY | TBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.18 | ||
| Sortino ratioReturn per unit of downside risk | -67.82 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 22.55 | -21.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 192.35 | -192.55 |
| Martin ratioReturn relative to average drawdown | -0.44 | 1,094.15 | -1,094.58 |
Loading charts...
Drawdowns
UTHY vs. TBIL - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for UTHY and TBIL.
Loading charts...
Drawdown Indicators
| UTHY | TBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -0.10% | -21.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.41% | -0.02% | -7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -0.02% | -14.88% |
Current DrawdownCurrent decline from peak | -13.30% | 0.00% | -13.30% |
Average DrawdownAverage peak-to-trough decline | -10.75% | 0.00% | -10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 0.00% | +3.46% |
Volatility
UTHY vs. TBIL - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) has a higher volatility of 2.54% compared to F/m US Treasury 3 Month Bill ETF (TBIL) at 0.07%. This indicates that UTHY'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.
Loading charts...
Volatility by Period
| UTHY | TBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.07% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 0.20% | +6.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.92% | 0.28% | +8.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.46% | 0.32% | +13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.46% | 0.32% | +13.14% |
UTHY vs. TBIL - Expense Ratio Comparison
Both UTHY and TBIL have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UTHY vs. TBIL - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.81%, more than TBIL's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TBIL F/m US Treasury 3 Month Bill ETF | 3.69% | 4.07% | 5.02% | 5.00% | 1.10% |
UTHY US Treasury 30 Year Bond ETF | 4.81% | 4.53% | 4.58% | 2.81% | 0.00% |
Frequently Asked Questions
UTHY and TBIL have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTHY has higher volatility (2.54%) compared to TBIL (0.07%). In terms of maximum drawdown, UTHY dropped -21.86% vs TBIL's -0.10%.
On 3-year performance, TBIL leads with 4.55% vs -1.17% for UTHY. Both ETFs have the same 0.15% expense ratio. On volatility, TBIL 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 3-year period, TBIL has performed better with a 4.55% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTHY and TBIL have the same expense ratio: 0.15% per year.
UTHY has the higher dividend yield at 4.81%, compared with 3.69% for TBIL.
UTHY is categorized as Government Bonds, while TBIL is Ultrashort Bond. UTHY tracks ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while TBIL tracks Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. They also come from different issuers: US Benchmark Series and F/m.
TBIL currently has the higher Sharpe Ratio (14.01 vs -0.17), 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 UTHY and TBIL
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