XBIL vs. TLT
Compare and contrast key facts about US Treasury 6 Month Bill ETF (XBIL) and iShares 20+ Year Treasury Bond ETF (TLT).
XBIL and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both XBIL and TLT 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 TLT.
Key characteristics
| XBIL | TLT | |
|---|---|---|
| YTD Return | 3.83% | 3.41% |
| 1Y Return | 5.52% | 11.62% |
| Sharpe Ratio | 14.88 | 0.65 |
| Daily Std Dev | 0.37% | 16.74% |
| Max Drawdown | -0.08% | -48.35% |
| Current Drawdown | 0.00% | -35.57% |
Correlation
The correlation between XBIL and TLT is 0.19, 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
XBIL vs. TLT - Performance Comparison
In the year-to-date period, XBIL achieves a 3.83% return, which is significantly higher than TLT's 3.41% 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. TLT - Expense Ratio Comparison
Both XBIL and TLT 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. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 6 Month Bill ETF (XBIL) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
XBIL's dividend yield for the trailing twelve months is around 5.22%, more than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBIL US Treasury 6 Month Bill ETF | 5.22% | 4.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
XBIL vs. TLT - Drawdown Comparison
The maximum XBIL drawdown since its inception was -0.08%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for XBIL and TLT. For additional features, visit the drawdowns tool.
Volatility
XBIL vs. TLT - Volatility Comparison
The current volatility for US Treasury 6 Month Bill ETF (XBIL) is 0.13%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.46%. This indicates that XBIL experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.