YEAR vs. BIL
Compare and contrast key facts about AB Ultra Short Income ETF (YEAR) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
YEAR and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YEAR is an actively managed fund by AB Funds. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YEAR or BIL.
Correlation
The correlation between YEAR and BIL is 0.11, 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
YEAR vs. BIL - Performance Comparison
Key characteristics
YEAR:
4.73
BIL:
20.68
YEAR:
7.83
BIL:
263.20
YEAR:
2.32
BIL:
152.96
YEAR:
12.96
BIL:
465.05
YEAR:
55.96
BIL:
4,283.26
YEAR:
0.10%
BIL:
0.00%
YEAR:
1.14%
BIL:
0.25%
YEAR:
-0.61%
BIL:
-0.77%
YEAR:
0.00%
BIL:
0.00%
Returns By Period
In the year-to-date period, YEAR achieves a 0.55% return, which is significantly higher than BIL's 0.52% return.
YEAR
0.55%
0.39%
2.12%
5.28%
N/A
N/A
BIL
0.52%
0.36%
2.32%
5.02%
2.42%
1.67%
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YEAR vs. BIL - Expense Ratio Comparison
YEAR has a 0.25% expense ratio, which is higher than BIL's 0.14% expense ratio. However, 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
YEAR vs. BIL — Risk-Adjusted Performance Rank
YEAR
BIL
YEAR vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AB Ultra Short Income ETF (YEAR) 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
YEAR vs. BIL - Dividend Comparison
YEAR's dividend yield for the trailing twelve months is around 5.13%, more than BIL's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
YEAR AB Ultra Short Income ETF | 5.13% | 5.16% | 5.01% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.93% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
YEAR vs. BIL - Drawdown Comparison
The maximum YEAR drawdown since its inception was -0.61%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for YEAR and BIL. For additional features, visit the drawdowns tool.
Volatility
YEAR vs. BIL - Volatility Comparison
AB Ultra Short Income ETF (YEAR) has a higher volatility of 0.22% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.07%. This indicates that YEAR'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.