XITK vs. BIL
XITK (SPDR FactSet Innovative Technology ETF) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - XITK is a Technology Equities fund tracking the FactSet Innovative Technology 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 10 years, XITK returned 12.77%/yr vs 2.23%/yr for BIL. At a correlation of -0.01, they often move in opposite directions. XITK charges 0.45%/yr vs 0.14%/yr for BIL.
Performance
XITK vs. BIL - Performance Comparison
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Returns By Period
In the year-to-date period, XITK achieves a 2.43% return, which is significantly higher than BIL's 1.92% return. Over the past 10 years, XITK has outperformed BIL with an annualized return of 12.77%, while BIL has yielded a comparatively lower 2.23% annualized return.
XITK
- 1D
- -2.62%
- 1M
- -5.67%
- 6M
- 2.27%
- YTD
- 2.43%
- 1Y
- -1.66%
- 3Y*
- 8.89%
- 5Y*
- -3.10%
- 10Y*
- 12.77%
BIL
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.78%
- YTD
- 1.92%
- 1Y
- 3.81%
- 3Y*
- 4.58%
- 5Y*
- 3.50%
- 10Y*
- 2.23%
XITK vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 2.43% | 2.53% | 19.12% | 45.87% | -47.45% | -11.24% | 90.22% | 36.98% | 7.60% | 36.01% |
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 1.92% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 2.03% | 1.74% | 0.69% |
Correlation
The correlation between XITK and BIL is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2016 | -0.01 |
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Return for Risk
XITK vs. BIL — Risk / Return Rank
XITK
BIL
XITK vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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.
| XITK | BIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.08 | ||
| Sortino ratioReturn per unit of downside risk | -153.02 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 69.35 | -68.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 349.26 | -349.32 |
| Martin ratioReturn relative to average drawdown | -0.13 | 2,476.82 | -2,476.95 |
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Drawdowns
XITK vs. BIL - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for XITK and BIL.
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Drawdown Indicators
| XITK | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.56% | -0.78% | -64.78% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -0.01% | -28.02% |
Max Drawdown (3Y)Largest decline over 3 years | -28.18% | -0.01% | -28.17% |
Max Drawdown (5Y)Largest decline over 5 years | -61.53% | -0.08% | -61.45% |
Max Drawdown (10Y)Largest decline over 10 years | -65.56% | -0.21% | -65.35% |
Current DrawdownCurrent decline from peak | -30.16% | 0.00% | -30.16% |
Average DrawdownAverage peak-to-trough decline | -22.13% | -0.26% | -21.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 0.00% | +12.36% |
Volatility
XITK vs. BIL - Volatility Comparison
SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 9.66% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that XITK'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
| XITK | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.66% | 0.07% | +9.59% |
Volatility (6M)Calculated over the trailing 6-month period | 24.80% | 0.14% | +24.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.67% | 0.20% | +28.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.03% | 0.26% | +32.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.66% | 0.26% | +29.40% |
XITK vs. BIL - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is higher than BIL's 0.14% expense ratio.
Dividends
XITK vs. BIL - Dividend Comparison
XITK has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 3.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIL SPDR Bloomberg 1-3 Month T-Bill ETF | 3.81% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% |
Frequently Asked Questions
XITK and BIL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XITK has higher volatility (9.66%) compared to BIL (0.07%). In terms of maximum drawdown, XITK dropped -65.56% vs BIL's -0.78%.
On 10-year performance, XITK leads with 12.77% vs 2.23% 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 10-year period, XITK has performed better with a 12.77% return vs 2.23%. 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 0.45% for XITK.
BIL has the higher dividend yield at 3.81%, compared with 0.00% for XITK.
XITK is categorized as Technology Equities, while BIL is Government Bonds. XITK tracks FactSet Innovative Technology Index, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. Their fees differ too: 0.45% for XITK and 0.14% for BIL.
BIL currently has the higher Sharpe Ratio (19.02 vs -0.06), 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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