XHLF vs. BIL
Compare and contrast key facts about BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
XHLF and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHLF is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 6 Month Duration Index. It was launched on Sep 13, 2022. 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 XHLF 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: XHLF or BIL.
Key characteristics
| XHLF | BIL | |
|---|---|---|
| YTD Return | 4.37% | 4.55% |
| 1Y Return | 5.31% | 5.28% |
| Sharpe Ratio | 11.85 | 20.36 |
| Sortino Ratio | 33.72 | 273.01 |
| Omega Ratio | 7.39 | 158.62 |
| Calmar Ratio | 88.86 | 482.85 |
| Martin Ratio | 438.06 | 4,446.78 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.45% | 0.26% |
| Max Drawdown | -0.11% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XHLF and BIL is 0.42, 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
XHLF vs. BIL - Performance Comparison
The year-to-date returns for both investments are quite close, with XHLF having a 4.37% return and BIL slightly higher at 4.55%. 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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XHLF vs. BIL - Expense Ratio Comparison
XHLF has a 0.03% 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
XHLF vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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
XHLF vs. BIL - Dividend Comparison
XHLF's dividend yield for the trailing twelve months is around 5.09%, less than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
XHLF BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 5.09% | 4.51% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
XHLF vs. BIL - Drawdown Comparison
The maximum XHLF drawdown since its inception was -0.11%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for XHLF and BIL. For additional features, visit the drawdowns tool.
Volatility
XHLF vs. BIL - Volatility Comparison
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) has a higher volatility of 0.13% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that XHLF'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.