V vs. BIL

Last updated Jun 13, 2026

V (Visa 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 10 years, V returned 15.98%/yr vs 2.20%/yr for BIL. At a correlation of -0.01, they often move in opposite directions.

Performance

V vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) 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, V achieves a -7.69% return, which is significantly lower than BIL's 1.60% return. Over the past 10 years, V has outperformed BIL with an annualized return of 15.98%, while BIL has yielded a comparatively lower 2.20% annualized return.

V

• 1D: 1.05%
• 1M: -1.03%
• YTD: -7.69%
• 6M: -6.93%
• 1Y: -7.91%
• 3Y*: 13.87%
• 5Y*: 7.33%
• 10Y*: 15.98%

BIL

• 1D: 0.03%
• 1M: 0.27%
• YTD: 1.60%
• 6M: 1.76%
• 1Y: 3.85%
• 3Y*: 4.63%
• 5Y*: 3.43%
• 10Y*: 2.20%

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

V vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-7.69%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.60%	4.15%	5.19%	4.94%	1.40%	-0.10%	0.40%	2.03%	1.74%	0.69%

Correlation

The correlation between V and BIL is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	-0.01

Return for Risk

V vs. BIL — Risk / Return Rank

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

V

V Risk / Return Rank: 15
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 18
V Calmar Ratio Rank: 15
V Martin Ratio Rank: 5

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.

V vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	BIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.56	19.63	-20.19
Sortino ratio: Return per unit of downside risk	-0.68	175.17	-175.85
Omega ratio: Gain probability vs. loss probability	0.92	88.41	-87.49
Calmar ratio: Return relative to maximum drawdown	-0.73	357.44	-358.17
Martin ratio: Return relative to average drawdown	-1.57	2,834.34	-2,835.90

V vs. BIL - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.56, which is lower than the BIL Sharpe Ratio of 19.63. The chart below compares the historical Sharpe Ratios of V 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.

Drawdowns

V vs. BIL - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for V and BIL.

Drawdown Indicators

	V	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-0.78%	-51.12%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-0.01%	-17.17%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-0.01%	-20.37%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-0.09%	-28.51%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-0.21%	-36.15%
Current Drawdown Current decline from peak	-12.96%	0.00%	-12.96%
Average Drawdown Average peak-to-trough decline	-8.26%	-0.26%	-8.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	0.00%	+10.73%

Volatility

V vs. BIL - Volatility Comparison

Visa Inc. (V) has a higher volatility of 5.57% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that V'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

	V	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	0.06%	+5.51%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	0.14%	+17.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.35%	0.20%	+22.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	0.26%	+22.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.45%	0.26%	+24.19%

Dividends

V vs. BIL - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, less than BIL's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and BIL in my portfolio?

V and BIL have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or BIL?

V has higher volatility (5.57%) compared to BIL (0.06%). In terms of maximum drawdown, V dropped -51.90% vs BIL's -0.78%.

Which has better risk-adjusted returns?

BIL currently has the higher Sharpe Ratio (19.63 vs -0.56), 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.