WOMN vs. BIL
WOMN (Impact Shares YWCA Women’s Empowerment ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - WOMN is a Large Cap Growth Equities fund tracking the Morningstar Women’s Empowerment Index, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 5 years, WOMN returned 8.10%/yr vs 3.45%/yr for BIL. At a correlation of -0.03, they often move in opposite directions. WOMN charges 0.75%/yr vs 0.14%/yr for BIL.
Performance
WOMN vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, WOMN achieves a 2.30% return, which is significantly higher than BIL's 1.66% return.
WOMN
- 1D
- -0.11%
- 1M
- -1.26%
- YTD
- 2.30%
- 6M
- 1.80%
- 1Y
- 10.76%
- 3Y*
- 13.39%
- 5Y*
- 8.10%
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.66%
- 6M
- 1.75%
- 1Y
- 3.85%
- 3Y*
- 4.60%
- 5Y*
- 3.45%
- 10Y*
- 2.20%
WOMN vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WOMN Impact Shares YWCA Women’s Empowerment ETF | 2.30% | 8.62% | 16.95% | 28.19% | -20.61% | 24.89% | 34.16% | 32.50% | -12.07% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.66% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 0.70% |
Correlation
The correlation between WOMN and BIL is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2018 | -0.03 |
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Return for Risk
WOMN vs. BIL — Risk / Return Rank
WOMN
BIL
WOMN vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Impact Shares YWCA Women’s Empowerment ETF (WOMN) 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.
| WOMN | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.38 | ||
| Sortino ratioReturn per unit of downside risk | -171.71 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 87.41 | -86.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 353.28 | -351.90 |
| Martin ratioReturn relative to average drawdown | 5.04 | 2,801.35 | -2,796.31 |
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Drawdowns
WOMN vs. BIL - Drawdown Comparison
The maximum WOMN drawdown since its inception was -32.23%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for WOMN and BIL.
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Drawdown Indicators
| WOMN | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.23% | -0.78% | -31.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -0.01% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.34% | -0.01% | -17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -0.09% | -25.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -2.48% | 0.00% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -5.51% | -0.26% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 0.00% | +2.14% |
Volatility
WOMN vs. BIL - Volatility Comparison
Impact Shares YWCA Women’s Empowerment ETF (WOMN) has a higher volatility of 3.22% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that WOMN'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
| WOMN | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 0.07% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 0.14% | +7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 0.20% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 0.26% | +15.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 0.26% | +18.40% |
WOMN vs. BIL - Expense Ratio Comparison
WOMN has a 0.75% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
WOMN vs. BIL - Dividend Comparison
WOMN's dividend yield for the trailing twelve months is around 0.80%, less than BIL's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.85% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
WOMN Impact Shares YWCA Women’s Empowerment ETF | 0.80% | 0.76% | 1.08% | 1.80% | 5.59% | 3.10% | 6.15% | 1.12% | 0.90% | 0.00% | 0.00% |
Frequently Asked Questions
WOMN and BIL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WOMN has higher volatility (3.22%) compared to BIL (0.07%). In terms of maximum drawdown, WOMN dropped -32.23% vs BIL's -0.78%.
On 5-year performance, WOMN leads with 8.10% vs 3.45% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL 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 5-year period, WOMN has performed better with a 8.10% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIL is cheaper with a 0.14% expense ratio, compared with 0.75% for WOMN.
BIL has the higher dividend yield at 3.85%, compared with 0.80% for WOMN.
WOMN is categorized as Large Cap Growth Equities, while BIL is Government Bonds. WOMN tracks Morningstar Women’s Empowerment Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: Impact Shares and State Street. Their fees differ too: 0.75% for WOMN and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.37 vs 0.99), 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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