BILS vs BTC
Comparison between STATE STREET(R) SPDR(R) BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF) and Grayscale Bitcoin Mini Trust ETF (BTC, ETF).
BILS vs BTC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BILS
$3.90B
BTC
$3.90B
Expense Ratio
Winner
BILS
0.14%
BTC
0.15%
Max Drawdown
Winner
BILS
1.20%
BTC
51.97%
Sharpe Ratio
Winner
BILS
0.63
BTC
-1.09
5Y Beta
Winner
BILS
-0.00
BTC
1.30
BILS vs BTC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BILS
+0.32%
BTC
-21.29%
3M
Winner
BILS
+0.89%
BTC
-9.78%
6M
Winner
BILS
+1.69%
BTC
-29.59%
1Y
Winner
BILS
+3.92%
BTC
-40.53%
5Y(CAGR)
BILS
+3.32%
BTC
N/A
Max(CAGR)
Winner
BILS
+2.89%
BTC
-1.53%
BILS vs BTC - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | BILS | BTC |
|---|---|---|
| 2026 | +1.49% | -29.21% |
| 2025 | +4.19% | -10.26% |
| 2024 | +5.15% | +44.64% |
| 2023 | +4.92% | N/A |
| 2022 | +0.91% | N/A |
| 2021 | -0.08% | N/A |
| 2020 | +0.00% | N/A |
BILS vs BTC Drawdown Comparison
The maximum drawdown for BILS was -0.41%, occurring on Jun 14, 2022. Recovery took 415 trading sessions.
The maximum drawdown for BTC was -51.97%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current BTC drawdown is -49.38%.
| Rank | BILS | BTC |
|---|---|---|
| #1 | -0.41% Feb 5, 2021 - Sep 29, 2022 | -51.97% Oct 6, 2025 - Jun 5, 2026 |
| #2 | -0.08% Oct 6, 2022 - Oct 27, 2022 | -28.14% Dec 17, 2024 - May 20, 2025 |
| #3 | -0.07% Mar 17, 2023 - Mar 23, 2023 | -17.96% Jul 31, 2024 - Sep 27, 2024 |
| #4 | -0.04% Feb 1, 2024 - Feb 7, 2024 | -11.96% Aug 13, 2025 - Oct 6, 2025 |
| #5 | -0.04% Apr 5, 2023 - Apr 13, 2023 | -9.11% Sep 27, 2024 - Oct 14, 2024 |
| #6 | -0.04% Mar 13, 2023 - Mar 15, 2023 | -8.47% Nov 22, 2024 - Dec 6, 2024 |
| #7 | -0.03% Mar 2, 2023 - Mar 9, 2023 | -8.44% May 22, 2025 - Jul 9, 2025 |
| #8 | -0.03% Apr 8, 2025 - Apr 11, 2025 | -7.30% Oct 29, 2024 - Nov 6, 2024 |
| #9 | -0.03% Apr 13, 2023 - Apr 19, 2023 | -5.81% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -0.03% Nov 10, 2022 - Nov 17, 2022 | -5.48% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -0.03% Oct 28, 2025 - Oct 31, 2025 | -3.29% Oct 18, 2024 - Oct 28, 2024 |
| #12 | -0.03% Mar 24, 2023 - Mar 30, 2023 | -2.51% Nov 13, 2024 - Nov 15, 2024 |
| #13 | -0.02% Oct 9, 2020 - Feb 5, 2021 | -1.50% Oct 16, 2024 - Oct 18, 2024 |
| #14 | -0.02% Dec 17, 2024 - Dec 19, 2024 | N/A |
| #15 | -0.02% Mar 15, 2023 - Mar 17, 2023 | N/A |
Correlation
Correlation between BILS and BTC is 0.05 which considered as a very weak or no correlation - the stocks move independently of each other.
0.05
-101
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