XBIL vs. OBIL
Compare and contrast key facts about US Treasury 6 Month Bill ETF (XBIL) and US Treasury 12 Month Bill ETF (OBIL).
XBIL and OBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index - Benchmark TR Gross. It was launched on Mar 6, 2023. OBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross. It was launched on Nov 14, 2022. Both XBIL and OBIL 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: XBIL or OBIL.
Key characteristics
| XBIL | OBIL | |
|---|---|---|
| YTD Return | 4.44% | 4.08% |
| 1Y Return | 5.28% | 5.35% |
| Sharpe Ratio | 13.60 | 6.90 |
| Sortino Ratio | 57.51 | 14.06 |
| Omega Ratio | 14.75 | 3.30 |
| Calmar Ratio | 75.35 | 24.91 |
| Martin Ratio | 720.25 | 105.97 |
| Ulcer Index | 0.01% | 0.05% |
| Daily Std Dev | 0.39% | 0.78% |
| Max Drawdown | -0.08% | -0.33% |
| Current Drawdown | -0.03% | -0.03% |
Correlation
The correlation between XBIL and OBIL is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XBIL vs. OBIL - Performance Comparison
In the year-to-date period, XBIL achieves a 4.44% return, which is significantly higher than OBIL's 4.08% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBIL vs. OBIL - Expense Ratio Comparison
Both XBIL and OBIL have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XBIL vs. OBIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 6 Month Bill ETF (XBIL) and US Treasury 12 Month Bill ETF (OBIL). 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
XBIL vs. OBIL - Dividend Comparison
XBIL's dividend yield for the trailing twelve months is around 5.06%, more than OBIL's 4.72% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XBIL US Treasury 6 Month Bill ETF | 5.06% | 4.30% | 0.00% |
OBIL US Treasury 12 Month Bill ETF | 4.72% | 4.92% | 0.52% |
Drawdowns
XBIL vs. OBIL - Drawdown Comparison
The maximum XBIL drawdown since its inception was -0.08%, smaller than the maximum OBIL drawdown of -0.33%. Use the drawdown chart below to compare losses from any high point for XBIL and OBIL. For additional features, visit the drawdowns tool.
Volatility
XBIL vs. OBIL - Volatility Comparison
The current volatility for US Treasury 6 Month Bill ETF (XBIL) is 0.12%, while US Treasury 12 Month Bill ETF (OBIL) has a volatility of 0.14%. This indicates that XBIL experiences smaller price fluctuations and is considered to be less risky than OBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.