UTWY vs. RBIL
UTWY (F/m US Treasury 20 Year Bond ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - UTWY is a Government Bonds fund tracking the Bloomberg US Treasury Bellwether 20 Year Index, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, UTWY returned -1.66% vs 3.94% for RBIL. Their -0.10 correlation means they have often moved in opposite directions in the past. UTWY charges 0.15%/yr vs 0.17%/yr for RBIL.
Performance
UTWY vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, UTWY achieves a -3.22% return, which is significantly lower than RBIL's 2.70% return.
UTWY
- 1D
- -0.65%
- 1M
- -3.22%
- 6M
- -3.26%
- YTD
- -3.22%
- 1Y
- -1.66%
- 3Y*
- -0.41%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.63%
RBIL
- 1D
- -0.02%
- 1M
- 0.26%
- 6M
- 2.32%
- YTD
- 2.70%
- 1Y
- 3.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12M | $1.89M | $2.34M | |
| $108.36K | $60.31K | $63.45K |
UTWY vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UTWY F/m US Treasury 20 Year Bond ETF | -3.22% | 2.19% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.70% | 2.85% |
Correlation
The correlation between UTWY and RBIL is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.10 |
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Return for Risk
UTWY vs. RBIL — Risk / Return Rank
UTWY
RBIL
UTWY vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 20 Year Bond ETF (UTWY) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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.
| UTWY | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.28 | ||
| Sortino ratioReturn per unit of downside risk | -6.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 2.09 | -1.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 7.24 | -7.30 |
| Martin ratioReturn relative to average drawdown | -0.12 | 29.66 | -29.78 |
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Drawdowns
UTWY vs. RBIL - Drawdown Comparison
The maximum UTWY drawdown since its inception was -18.19%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for UTWY and RBIL.
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Drawdown Indicators
| UTWY | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.19% | -0.56% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -0.56% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -11.88% | — | — |
Current DrawdownCurrent decline from peak | -8.47% | -0.13% | -8.34% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -0.08% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 0.14% | +2.86% |
Volatility
UTWY vs. RBIL - Volatility Comparison
F/m US Treasury 20 Year Bond ETF (UTWY) has a higher volatility of 2.09% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.31%. This indicates that UTWY's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTWY | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.09% | 0.31% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 0.89% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 0.97% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.97% | 1.06% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.97% | 1.06% | +9.91% |
UTWY vs. RBIL - Expense Ratio Comparison
UTWY has a 0.15% expense ratio, which is lower than RBIL's 0.17% 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
UTWY vs. RBIL - Dividend Comparison
UTWY's dividend yield for the trailing twelve months is around 5.27%, more than RBIL's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.16% | 3.65% | 0.00% | 0.00% |
UTWY F/m US Treasury 20 Year Bond ETF | 4.85% | 4.62% | 4.56% | 2.94% |
Frequently Asked Questions
UTWY and RBIL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTWY has higher volatility (2.09%) compared to RBIL (0.31%). In terms of maximum drawdown, UTWY dropped -18.19% vs RBIL's -0.56%.
On 1-year performance, RBIL leads with 3.94% vs -1.66% for UTWY. On fees, UTWY is cheaper at 0.15% per year. On volatility, RBIL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RBIL has performed better with a 3.94% return vs -1.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTWY is cheaper with a 0.15% expense ratio, compared with 0.17% for RBIL.
UTWY has the higher dividend yield at 4.85%, compared with 4.16% for RBIL.
UTWY is categorized as Government Bonds, while RBIL is Inflation-Protected Bonds. UTWY tracks Bloomberg US Treasury Bellwether 20 Year Index, while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. Their fees differ too: 0.15% for UTWY and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.23 vs -0.05), 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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