BIL vs VTEB

Comparison between SPDR(R) BLOOMBERG 1-3 MONTH T-BILL ETF (BIL, ETF) and VANGUARD TAX-EXEMPT BOND INDEX FUND ETF SHARES (VTEB, ETF).

5-Year PerformanceBIL has outperformed VTEB, delivering a return of +3.4% compared to +0.9%

BIL vs VTEB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BIL(ETF)	VTEB(ETF)
Net Assets	$46B	$46B
Expense Ratio	0.14%	0.03%
Max Drawdown	1.36%	17.00%
Sharpe Ratio	1.19	0.81
5Y Beta	-0.00	0.03
5Y Dividends CAGR	194.32%	11.72%

Net Assets

Winner

BIL

$46B

VTEB

$46B

Expense Ratio

BIL

0.14%

Winner

VTEB

0.03%

Max Drawdown

Winner

BIL

1.36%

VTEB

17.00%

Sharpe Ratio

Winner

BIL

1.19

VTEB

0.81

5Y Beta

Winner

BIL

-0.00

VTEB

0.03

5Y Dividends CAGR

Winner

BIL

194.32%

VTEB

11.72%

BIL vs VTEB - Historical Returns

Returns include dividend reinvestment.

Period	BIL	VTEB
1 month	+0.30%	-0.12%
3 months	+0.83%	-0.61%
6 months	+1.79%	+1.17%
1 year	+3.91%	+5.74%
5 years(CAGR)	+3.37%	+0.87%
10 years(CAGR)	+2.17%	+2.03%
Max(CAGR)	+1.35%	+2.36%

Winner

BIL

+0.30%

VTEB

-0.12%

Winner

BIL

+0.83%

VTEB

-0.61%

Winner

BIL

+1.79%

VTEB

+1.17%

BIL

+3.91%

Winner

VTEB

+5.74%

5Y(CAGR)

Winner

BIL

+3.37%

VTEB

+0.87%

10Y(CAGR)

Winner

BIL

+2.17%

VTEB

+2.03%

Max(CAGR)

BIL

+1.35%

Winner

VTEB

+2.36%

BIL vs VTEB - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	BIL	VTEB
2026	+1.23%	+0.60%
2025	+4.13%	+3.58%
2024	+5.18%	+1.63%
2023	+4.93%	+5.87%
2022	+1.41%	-7.95%
2021	-0.10%	+1.14%
2020	+0.37%	+5.08%
2019	+2.04%	+7.32%
2018	+1.73%	+1.20%
2017	+0.64%	+5.10%
2016	+0.09%	+0.06%
2015	-0.11%	+2.44%
2014	-0.07%	N/A
2013	-0.09%	N/A
2012	-0.02%	N/A
2011	-0.06%	N/A
2010	+0.00%	N/A
2009	+0.25%	N/A
2008	+1.50%	N/A
2007	+2.50%	N/A

BIL vs VTEB Drawdown Comparison

The maximum drawdown for BIL was -0.78%, occurring on Dec 9, 2015. Recovery took 2321 trading sessions.

The maximum drawdown for VTEB was -17.00%, occurring on Mar 19, 2020. Recovery took 100 trading sessions.

The current VTEB drawdown is -1.21%.

Rank	BIL	VTEB
#1	-0.78% Sep 29, 2008 - Dec 15, 2017	-17.00% Mar 9, 2020 - Jul 30, 2020
#2	-0.63% Sep 17, 2008 - Sep 29, 2008	-12.64% Jul 22, 2021 - Dec 4, 2024
#3	-0.24% Aug 20, 2007 - Sep 7, 2007	-5.82% Jul 5, 2016 - Aug 23, 2017
#4	-0.21% Mar 20, 2020 - Aug 2, 2022	-4.76% Dec 6, 2024 - Sep 11, 2025
#5	-0.17% Mar 19, 2008 - Jun 2, 2008	-2.71% Feb 27, 2026 - Mar 24, 2026
#6	-0.15% Jul 16, 2008 - Aug 5, 2008	-2.27% Dec 6, 2017 - Dec 7, 2018
#7	-0.13% Jan 2, 2008 - Jan 14, 2008	-2.04% Feb 10, 2021 - Jun 4, 2021
#8	-0.13% Sep 25, 2007 - Oct 4, 2007	-1.57% Aug 15, 2019 - Jan 3, 2020
#9	-0.11% Oct 4, 2007 - Oct 8, 2007	-1.40% Aug 10, 2020 - Nov 19, 2020
#10	-0.11% Sep 10, 2007 - Sep 12, 2007	-1.14% Sep 8, 2017 - Dec 6, 2017
#11	-0.11% Jan 24, 2008 - Jan 29, 2008	-0.95% Feb 11, 2016 - Apr 5, 2016
#12	-0.10% Jun 27, 2008 - Jul 10, 2008	-0.82% Aug 25, 2015 - Sep 24, 2015
#13	-0.09% Jun 2, 2008 - Jun 10, 2008	-0.63% Jun 16, 2016 - Jun 24, 2016
#14	-0.09% Jun 11, 2007 - Jun 14, 2007	-0.54% Oct 30, 2015 - Nov 20, 2015
#15	-0.09% Sep 17, 2007 - Sep 24, 2007	-0.52% Jun 10, 2021 - Jul 7, 2021

Correlation

Correlation between BIL and VTEB is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2007 - 2026)

BIL vs VTEB dividend yield comparison.

Year	BIL	VTEB
2026	1.15%	1.14%
2025	4.13%	3.29%
2024	5.03%	3.14%
2023	4.93%	2.79%
2022	1.35%	2.09%
2021	0.00%	1.64%
2020	0.30%	1.99%
2019	2.05%	2.30%
2018	1.66%	2.25%
2017	0.68%	1.96%
2016	0.07%	1.66%
2015	0.00%	0.58%
2011	0.00%	0.00%
2009	0.09%	0.00%
2008	1.58%	0.00%
2007	2.50%	0.00%