XLSR vs. BIL
Compare and contrast key facts about SPDR SSGA US Sector Rotation ETF (XLSR) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
XLSR and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLSR is an actively managed fund by State Street. It was launched on Apr 2, 2019. 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.
Performance
XLSR vs. BIL - Performance Comparison
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XLSR vs. BIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XLSR SPDR SSGA US Sector Rotation ETF | -7.22% | 17.34% | 17.60% | 18.95% | -15.70% | 20.47% | 20.23% | 14.13% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.85% | 4.15% | 5.19% | 4.94% | 1.40% | -0.10% | 0.40% | 1.47% |
Returns By Period
In the year-to-date period, XLSR achieves a -7.22% return, which is significantly lower than BIL's 0.85% return.
XLSR
- 1D
- 3.23%
- 1M
- -5.68%
- YTD
- -7.22%
- 6M
- -2.89%
- 1Y
- 14.41%
- 3Y*
- 13.74%
- 5Y*
- 8.42%
- 10Y*
- —
BIL
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 0.85%
- 6M
- 1.84%
- 1Y
- 3.99%
- 3Y*
- 4.70%
- 5Y*
- 3.27%
- 10Y*
- 2.12%
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XLSR vs. BIL - Expense Ratio Comparison
XLSR has a 0.70% expense ratio, which is higher than BIL's 0.14% expense ratio.
Return for Risk
XLSR vs. BIL — Risk / Return Rank
XLSR
BIL
XLSR vs. BIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Sector Rotation ETF (XLSR) 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.
| XLSR | BIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 19.52 | -18.77 |
Sortino ratioReturn per unit of downside risk | 1.20 | 254.04 | -252.84 |
Omega ratioGain probability vs. loss probability | 1.19 | 180.28 | -179.09 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 365.54 | -364.41 |
Martin ratioReturn relative to average drawdown | 4.85 | 4,104.04 | -4,099.19 |
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
| XLSR | BIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 19.52 | -18.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 12.54 | -12.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 2.72 | -2.16 |
Correlation
The correlation between XLSR and BIL is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
XLSR vs. BIL - Dividend Comparison
XLSR's dividend yield for the trailing twelve months is around 0.60%, less than BIL's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XLSR SPDR SSGA US Sector Rotation ETF | 0.60% | 0.58% | 0.66% | 1.04% | 1.80% | 3.44% | 1.25% | 0.94% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.01% | 4.13% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
XLSR vs. BIL - Drawdown Comparison
The maximum XLSR drawdown since its inception was -32.94%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for XLSR and BIL.
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Drawdown Indicators
| XLSR | BIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.94% | -0.78% | -32.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -0.01% | -13.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -0.12% | -23.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.21% | — |
Current DrawdownCurrent decline from peak | -8.19% | 0.00% | -8.19% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -0.26% | -5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 0.00% | +3.06% |
Volatility
XLSR vs. BIL - Volatility Comparison
SPDR SSGA US Sector Rotation ETF (XLSR) has a higher volatility of 5.63% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that XLSR'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
| XLSR | BIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 0.05% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 0.14% | +9.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 0.21% | +19.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 0.26% | +16.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.21% | 0.26% | +19.95% |