XHYH vs. BIL
XHYH (BondBloxx US High Yield Healthcare Sector ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - XHYH is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Healthcare 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 3 years, XHYH returned 9.88%/yr vs 4.64%/yr for BIL. At a correlation of -0.03, they often move in opposite directions. XHYH charges 0.35%/yr vs 0.14%/yr for BIL.
Performance
XHYH vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, XHYH achieves a 1.24% return, which is significantly lower than BIL's 1.49% return.
XHYH
- 1D
- 0.00%
- 1M
- -0.35%
- YTD
- 1.24%
- 6M
- 1.15%
- 1Y
- 7.28%
- 3Y*
- 9.88%
- 5Y*
- —
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.49%
- 6M
- 1.76%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.41%
- 10Y*
- 2.18%
XHYH vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XHYH BondBloxx US High Yield Healthcare Sector ETF | 1.24% | 10.30% | 9.65% | 12.93% | -12.71% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.49% | 4.15% | 5.19% | 4.94% | 1.43% |
Correlation
The correlation between XHYH and BIL is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | -0.03 |
The correlation between XHYH and BIL shifts across timeframes, from -0.14 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XHYH vs. BIL — Risk / Return Rank
XHYH
BIL
XHYH vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Healthcare Sector ETF (XHYH) 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.
| XHYH | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.83 | ||
| Sortino ratioReturn per unit of downside risk | -171.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 87.91 | -86.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 355.35 | -352.27 |
| Martin ratioReturn relative to average drawdown | 12.30 | 2,817.77 | -2,805.47 |
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
| XHYH | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 19.71 | -17.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 13.15 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 2.78 | -2.24 |
Drawdowns
XHYH vs. BIL - Drawdown Comparison
The maximum XHYH drawdown since its inception was -17.84%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for XHYH and BIL.
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Drawdown Indicators
| XHYH | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.84% | -0.78% | -17.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.62% | -0.01% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -0.01% | -5.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -0.51% | 0.00% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -0.26% | -4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.00% | +0.66% |
Volatility
XHYH vs. BIL - Volatility Comparison
BondBloxx US High Yield Healthcare Sector ETF (XHYH) has a higher volatility of 0.87% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that XHYH'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
| XHYH | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.06% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 0.13% | +3.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.32% | 0.20% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.55% | 0.26% | +8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 0.26% | +8.29% |
XHYH vs. BIL - Expense Ratio Comparison
XHYH has a 0.35% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
XHYH vs. BIL - Dividend Comparison
XHYH's dividend yield for the trailing twelve months is around 6.58%, more than BIL's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.86% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
XHYH BondBloxx US High Yield Healthcare Sector ETF | 6.58% | 6.95% | 6.95% | 7.73% | 6.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHYH and BIL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XHYH has higher volatility (0.87%) compared to BIL (0.06%). In terms of maximum drawdown, XHYH dropped -17.84% vs BIL's -0.78%.
On 3-year performance, XHYH leads with 9.88% vs 4.64% for BIL. On fees, BIL is cheaper at 0.14% per year. On volatility, BIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XHYH has performed better with a 9.88% return vs 4.64%. 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 0.35% for XHYH.
XHYH has the higher dividend yield at 6.58%, compared with 3.86% for BIL.
XHYH is categorized as High Yield Bonds, while BIL is Government Bonds. XHYH tracks ICE Diversified US Cash Pay High Yield Healthcare Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: BondBloxx and State Street. Their fees differ too: 0.35% for XHYH and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.71 vs 1.88), 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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