VTEI vs. BIL
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
VTEI and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTEI is a passively managed fund by Vanguard that tracks the performance of the S&P Intermediate Term National AMT-Free Municipal Bond Index. It was launched on Jan 29, 2024. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both VTEI and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTEI or BIL.
Correlation
The correlation between VTEI and BIL is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VTEI vs. BIL - Performance Comparison
Key characteristics
VTEI:
0.82
BIL:
20.69
VTEI:
1.15
BIL:
260.89
VTEI:
1.16
BIL:
151.63
VTEI:
1.08
BIL:
460.86
VTEI:
2.78
BIL:
4,244.70
VTEI:
0.80%
BIL:
0.00%
VTEI:
2.72%
BIL:
0.24%
VTEI:
-2.06%
BIL:
-0.77%
VTEI:
-0.48%
BIL:
0.00%
Returns By Period
In the year-to-date period, VTEI achieves a 0.63% return, which is significantly higher than BIL's 0.58% return.
VTEI
0.63%
0.71%
0.84%
2.24%
N/A
N/A
BIL
0.58%
0.36%
2.33%
5.03%
2.43%
1.68%
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VTEI vs. BIL - Expense Ratio Comparison
VTEI has a 0.08% 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%.
Risk-Adjusted Performance
VTEI vs. BIL — Risk-Adjusted Performance Rank
VTEI
BIL
VTEI vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) and SPDR Barclays 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.
Dividends
VTEI vs. BIL - Dividend Comparison
VTEI's dividend yield for the trailing twelve months is around 2.88%, less than BIL's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTEI Vanguard Intermediate-Term Tax-Exempt Bond ETF | 2.88% | 2.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.93% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
VTEI vs. BIL - Drawdown Comparison
The maximum VTEI drawdown since its inception was -2.06%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for VTEI and BIL. For additional features, visit the drawdowns tool.
Volatility
VTEI vs. BIL - Volatility Comparison
Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) has a higher volatility of 0.74% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that VTEI'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.