VUSFX vs. BIL
Compare and contrast key facts about Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
VUSFX is managed by Vanguard. It was launched on Feb 24, 2015. 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.
Performance
VUSFX vs. BIL - Performance Comparison
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VUSFX vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.61% | 5.11% | 6.11% | 5.53% | -0.38% | 0.08% | 2.10% | 3.39% | 2.10% | 1.37% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Returns By Period
In the year-to-date period, VUSFX achieves a 0.61% return, which is significantly lower than BIL's 0.85% return. Over the past 10 years, VUSFX has outperformed BIL with an annualized return of 2.66%, while BIL has yielded a comparatively lower 2.12% annualized return.
VUSFX
- 1D
- 0.05%
- 1M
- -0.10%
- YTD
- 0.61%
- 6M
- 1.76%
- 1Y
- 4.42%
- 3Y*
- 5.35%
- 5Y*
- 3.36%
- 10Y*
- 2.66%
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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VUSFX vs. BIL - Expense Ratio Comparison
VUSFX has a 0.10% 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%.
Return for Risk
VUSFX vs. BIL — Risk / Return Rank
VUSFX
BIL
VUSFX vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) 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.
| VUSFX | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 6.62 | 19.52 | -12.89 |
Sortino ratioReturn per unit of downside risk | 11.85 | 254.04 | -242.19 |
Omega ratioGain probability vs. loss probability | 3.64 | 180.28 | -176.63 |
Calmar ratioReturn relative to maximum drawdown | 12.88 | 365.54 | -352.66 |
Martin ratioReturn relative to average drawdown | 74.39 | 4,104.04 | -4,029.65 |
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
| VUSFX | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.62 | 19.52 | -12.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.19 | 12.54 | -8.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.93 | 8.22 | -4.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.93 | 2.72 | +1.21 |
Correlation
The correlation between VUSFX and BIL is 0.12, 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.
Dividends
VUSFX vs. BIL - Dividend Comparison
VUSFX's dividend yield for the trailing twelve months is around 4.23%, more than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VUSFX Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 4.23% | 4.73% | 5.52% | 4.15% | 1.38% | 0.53% | 1.62% | 2.68% | 2.23% | 1.52% | 1.07% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
VUSFX vs. BIL - Drawdown Comparison
The maximum VUSFX drawdown since its inception was -1.71%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for VUSFX and BIL.
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Drawdown Indicators
| VUSFX | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.71% | -0.78% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.35% | -0.01% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -1.71% | -0.12% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -1.71% | -0.21% | -1.50% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -0.26% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.00% | +0.06% |
Volatility
VUSFX vs. BIL - Volatility Comparison
Vanguard Ultra-Short-Term Bond Fund Admiral Shares (VUSFX) has a higher volatility of 0.27% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that VUSFX'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
| VUSFX | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.27% | 0.05% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.43% | 0.14% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.67% | 0.21% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.81% | 0.26% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.68% | 0.26% | +0.42% |