BILS vs DEM

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF) and WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND (DEM, ETF).

5-Year PerformanceDEM has outperformed BILS, delivering a return of +9.7% compared to +3.3%

BILS vs DEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BILS(ETF)	DEM(ETF)
Net Assets	$3.90B	$4B
Expense Ratio	0.14%	0.63%
Max Drawdown	1.20%	57.03%
Sharpe Ratio	0.63	1.59
5Y Beta	-0.00	0.60
5Y Dividends CAGR	N/A	6.07%

Net Assets

BILS

$3.90B

Winner

DEM

$4B

Expense Ratio

Winner

BILS

0.14%

DEM

0.63%

Max Drawdown

Winner

BILS

1.20%

DEM

57.03%

Sharpe Ratio

BILS

0.63

Winner

DEM

1.59

5Y Beta

Winner

BILS

-0.00

DEM

0.60

5Y Dividends CAGR

BILS

N/A

DEM

6.07%

BILS vs DEM - Historical Returns

Returns include dividend reinvestment.

Period	BILS	DEM
1 month	+0.32%	+3.24%
3 months	+0.89%	+14.22%
6 months	+1.69%	+21.06%
1 year	+3.92%	+28.20%
5 years(CAGR)	+3.32%	+9.65%
10 years(CAGR)	N/A	+10.62%
Max(CAGR)	+2.89%	+5.11%

BILS

+0.32%

Winner

DEM

+3.24%

BILS

+0.89%

Winner

DEM

+14.22%

BILS

+1.69%

Winner

DEM

+21.06%

BILS

+3.92%

Winner

DEM

+28.20%

5Y(CAGR)

BILS

+3.32%

Winner

DEM

+9.65%

10Y(CAGR)

BILS

N/A

DEM

+10.62%

Max(CAGR)

BILS

+2.89%

Winner

DEM

+5.11%

BILS vs DEM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	BILS	DEM
2026	+1.49%	+18.40%
2025	+4.19%	+21.85%
2024	+5.15%	+5.66%
2023	+4.92%	+21.11%
2022	+0.91%	-10.64%
2021	-0.08%	+10.71%
2020	+0.00%	-7.42%
2019	N/A	+19.79%
2018	N/A	-8.80%
2017	N/A	+24.78%
2016	N/A	+26.16%
2015	N/A	-20.90%
2014	N/A	-10.17%
2013	N/A	-8.21%
2012	N/A	+13.65%
2011	N/A	-11.22%
2010	N/A	+20.83%
2009	N/A	+53.78%
2008	N/A	-33.89%
2007	N/A	+2.61%

BILS vs DEM Drawdown Comparison

The maximum drawdown for BILS was -0.41%, occurring on Jun 14, 2022. Recovery took 415 trading sessions.

The maximum drawdown for DEM was -51.78%, occurring on Mar 2, 2009. Recovery took 471 trading sessions.

The current DEM drawdown is -1.29%.

Rank	BILS	DEM
#1	-0.41% Feb 5, 2021 - Sep 29, 2022	-51.78% May 19, 2008 - Apr 1, 2010
#2	-0.08% Oct 6, 2022 - Oct 27, 2022	-47.00% Apr 29, 2011 - Jan 18, 2018
#3	-0.07% Mar 17, 2023 - Mar 23, 2023	-37.79% Jan 13, 2020 - Mar 15, 2021
#4	-0.04% Feb 1, 2024 - Feb 7, 2024	-27.12% Feb 16, 2022 - Feb 20, 2024
#5	-0.04% Apr 5, 2023 - Apr 13, 2023	-19.03% Jan 26, 2018 - Jan 2, 2020
#6	-0.04% Mar 13, 2023 - Mar 15, 2023	-18.42% Apr 14, 2010 - Sep 13, 2010
#7	-0.03% Mar 2, 2023 - Mar 9, 2023	-16.36% Jul 23, 2007 - Sep 27, 2007
#8	-0.03% Apr 8, 2025 - Apr 11, 2025	-15.64% Oct 7, 2024 - Jun 6, 2025
#9	-0.03% Apr 13, 2023 - Apr 19, 2023	-15.33% Oct 31, 2007 - May 15, 2008
#10	-0.03% Nov 10, 2022 - Nov 17, 2022	-9.48% Jul 11, 2024 - Sep 24, 2024
#11	-0.03% Oct 28, 2025 - Oct 31, 2025	-9.17% Jun 4, 2021 - Jan 12, 2022
#12	-0.03% Mar 24, 2023 - Mar 30, 2023	-7.89% Feb 25, 2026 - Apr 17, 2026
#13	-0.02% Oct 9, 2020 - Feb 5, 2021	-6.69% Jan 3, 2011 - Mar 30, 2011
#14	-0.02% Dec 17, 2024 - Dec 19, 2024	-6.36% Nov 4, 2010 - Dec 31, 2010
#15	-0.02% Mar 15, 2023 - Mar 17, 2023	-5.30% Sep 17, 2025 - Nov 10, 2025

Correlation

Correlation between BILS and DEM is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2007 - 2026)

BILS vs DEM dividend yield comparison.

Year	BILS	DEM
2026	1.47%	0.42%
2025	4.08%	4.88%
2024	5.01%	5.24%
2023	4.98%	5.49%
2022	1.61%	8.62%
2021	0.00%	5.87%
2020	0.00%	4.21%
2019	0.00%	4.78%
2018	0.00%	4.47%
2017	0.00%	3.67%
2016	0.00%	3.63%
2015	0.00%	5.21%
2014	0.00%	5.51%
2013	0.00%	4.10%
2012	0.00%	3.29%
2011	0.00%	4.44%
2010	0.00%	3.24%
2009	0.00%	2.93%
2008	0.00%	5.85%
2007	0.00%	0.92%