BIL vs SPY
Comparison between STATE STREET(R) SPDR(R) BLOOMBERG 1-3 MONTH T-BILL ETF (BIL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BIL, delivering a return of +13.2% compared to +3.5%
BIL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BIL
$46B
Winner
SPY
$784B
Expense Ratio
BIL
0.14%
Winner
SPY
0.09%
Max Drawdown
Winner
BIL
1.36%
SPY
56.47%
Sharpe Ratio
BIL
0.24
Winner
SPY
1.54
5Y Beta
Winner
BIL
-0.00
SPY
1.00
P/E Ratio
BIL
N/A
SPY
27.62
Forward P/E
BIL
N/A
SPY
21.11
5Y Dividends CAGR
Winner
BIL
310.45%
SPY
6.00%
5Y EPS CAGR
BIL
N/A
SPY
25.30%
Debt to Equity
BIL
N/A
SPY
31.11%
P/S Ratio
BIL
N/A
SPY
3.49
P/B Ratio
BIL
N/A
SPY
5.30
BIL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BIL
+0.28%
SPY
-1.37%
3M
BIL
+0.88%
Winner
SPY
+12.22%
6M
BIL
+1.76%
Winner
SPY
+7.20%
1Y
BIL
+3.84%
Winner
SPY
+23.58%
5Y(CAGR)
BIL
+3.45%
Winner
SPY
+13.19%
10Y(CAGR)
BIL
+2.17%
Winner
SPY
+15.12%
Max(CAGR)
BIL
+1.23%
Winner
SPY
+8.44%
BIL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BIL | SPY |
|---|---|---|
| 2026 | +1.63% | +7.95% |
| 2025 | +4.13% | +18.00% |
| 2024 | +5.18% | +25.59% |
| 2023 | +4.93% | +26.72% |
| 2022 | +1.41% | -18.64% |
| 2021 | -0.10% | +30.52% |
| 2020 | +0.37% | +17.28% |
| 2019 | +2.04% | +31.09% |
| 2018 | +1.73% | -5.24% |
| 2017 | +0.38% | +20.78% |
| 2016 | +0.06% | +13.59% |
| 2015 | -0.11% | +1.31% |
| 2014 | -0.07% | +14.56% |
| 2013 | -0.09% | +29.00% |
| 2012 | -0.02% | +14.17% |
| 2011 | -0.06% | +0.85% |
| 2010 | +0.00% | +13.14% |
| 2009 | +0.20% | +22.67% |
| 2008 | +0.70% | -36.25% |
| 2007 | +1.23% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
BIL vs SPY Drawdown Comparison
The maximum drawdown for BIL was -1.01%, occurring on Dec 9, 2015. Recovery took 2418 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -3.18%.
| Rank | BIL | SPY |
|---|---|---|
| #1 | -1.01% Sep 29, 2008 - May 8, 2018 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -0.63% Sep 17, 2008 - Sep 29, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -0.28% Mar 19, 2008 - Jun 20, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -0.26% Sep 25, 2007 - Oct 17, 2007 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -0.26% Jul 31, 2007 - Aug 13, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -0.24% Aug 20, 2007 - Sep 24, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -0.22% Nov 28, 2007 - Dec 19, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.21% Dec 20, 2007 - Jan 22, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.21% Mar 20, 2020 - Aug 2, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.19% Jun 29, 2007 - Jul 17, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.19% Jan 31, 2008 - Feb 27, 2008 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.16% Jun 27, 2008 - Jul 11, 2008 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.15% Jul 16, 2008 - Aug 19, 2008 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.12% Oct 29, 2007 - Nov 7, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.11% Jan 24, 2008 - Jan 29, 2008 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BIL and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.
0.94
-101
Dividend Comparison (1999 - 2026)
BIL vs SPY dividend yield comparison.
| Year | BIL | SPY |
|---|---|---|
| 2026 | 1.44% | 0.50% |
| 2025 | 4.13% | 1.07% |
| 2024 | 5.03% | 1.21% |
| 2023 | 4.93% | 1.40% |
| 2022 | 1.35% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.30% | 1.52% |
| 2019 | 2.05% | 1.75% |
| 2018 | 1.66% | 2.04% |
| 2017 | 0.42% | 1.80% |
| 2016 | 0.03% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.05% | 1.95% |
| 2008 | 0.79% | 3.02% |
| 2007 | 1.25% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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