BILS vs IMTM

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF) and ISHARES MSCI INTL MOMENTUM FACTOR ETF (IMTM, ETF).

5-Year PerformanceIMTM has outperformed BILS, delivering a return of +9.2% compared to +3.3%

BILS vs IMTM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BILS(ETF)	IMTM(ETF)
Net Assets	$3.90B	$4B
Expense Ratio	0.14%	0.30%
Max Drawdown	1.20%	34.72%
Sharpe Ratio	0.63	1.13
5Y Beta	-0.00	0.84
5Y Dividends CAGR	N/A	37.85%

Net Assets

BILS

$3.90B

Winner

IMTM

$4B

Expense Ratio

Winner

BILS

0.14%

IMTM

0.30%

Max Drawdown

Winner

BILS

1.20%

IMTM

34.72%

Sharpe Ratio

BILS

0.63

Winner

IMTM

1.13

5Y Beta

Winner

BILS

-0.00

IMTM

0.84

5Y Dividends CAGR

BILS

N/A

IMTM

37.85%

BILS vs IMTM - Historical Returns

Returns include dividend reinvestment.

Period	BILS	IMTM
1 month	+0.32%	+1.36%
3 months	+0.89%	+10.35%
6 months	+1.69%	+12.86%
1 year	+3.92%	+23.81%
5 years(CAGR)	+3.32%	+9.22%
10 years(CAGR)	N/A	+10.46%
Max(CAGR)	+2.89%	+8.97%

BILS

+0.32%

Winner

IMTM

+1.36%

BILS

+0.89%

Winner

IMTM

+10.35%

BILS

+1.69%

Winner

IMTM

+12.86%

BILS

+3.92%

Winner

IMTM

+23.81%

5Y(CAGR)

BILS

+3.32%

Winner

IMTM

+9.22%

10Y(CAGR)

BILS

N/A

IMTM

+10.46%

Max(CAGR)

BILS

+2.89%

Winner

IMTM

+8.97%

BILS vs IMTM - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	BILS	IMTM
2026	+1.49%	+9.90%
2025	+4.19%	+34.88%
2024	+5.15%	+13.55%
2023	+4.92%	+14.13%
2022	+0.91%	-16.98%
2021	-0.08%	+2.45%
2020	+0.00%	+21.34%
2019	N/A	+24.70%
2018	N/A	-14.94%
2017	N/A	+25.17%
2016	N/A	+2.90%
2015	N/A	-2.08%

BILS vs IMTM Drawdown Comparison

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

The maximum drawdown for IMTM was -32.60%, occurring on Sep 27, 2022. Recovery took 583 trading sessions.

The current IMTM drawdown is -0.22%.

Rank	BILS	IMTM
#1	-0.41% Feb 5, 2021 - Sep 29, 2022	-32.60% Nov 8, 2021 - Mar 6, 2024
#2	-0.08% Oct 6, 2022 - Oct 27, 2022	-29.79% Feb 19, 2020 - Jul 10, 2020
#3	-0.07% Mar 17, 2023 - Mar 23, 2023	-23.03% Jan 26, 2018 - Jan 14, 2020
#4	-0.04% Feb 1, 2024 - Feb 7, 2024	-19.90% May 21, 2015 - Apr 25, 2017
#5	-0.04% Apr 5, 2023 - Apr 13, 2023	-12.85% Feb 25, 2026 - May 13, 2026
#6	-0.04% Mar 13, 2023 - Mar 15, 2023	-12.41% Mar 19, 2025 - Apr 24, 2025
#7	-0.03% Mar 2, 2023 - Mar 9, 2023	-12.00% Jul 16, 2024 - Sep 26, 2024
#8	-0.03% Apr 8, 2025 - Apr 11, 2025	-10.56% Feb 16, 2021 - Jun 1, 2021
#9	-0.03% Apr 13, 2023 - Apr 19, 2023	-8.53% Sep 26, 2024 - Feb 13, 2025
#10	-0.03% Nov 10, 2022 - Nov 17, 2022	-6.81% Jun 7, 2021 - Aug 10, 2021
#11	-0.03% Oct 28, 2025 - Oct 31, 2025	-6.70% Sep 7, 2021 - Nov 3, 2021
#12	-0.03% Mar 24, 2023 - Mar 30, 2023	-6.70% Oct 12, 2020 - Nov 5, 2020
#13	-0.02% Oct 9, 2020 - Feb 5, 2021	-5.46% Mar 27, 2024 - May 28, 2024
#14	-0.02% Dec 17, 2024 - Dec 19, 2024	-5.37% Nov 12, 2025 - Dec 10, 2025
#15	-0.02% Mar 15, 2023 - Mar 17, 2023	-4.77% Jun 4, 2026 - Jun 10, 2026

Correlation

Correlation between BILS and IMTM is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2015 - 2026)

BILS vs IMTM dividend yield comparison.

Year	BILS	IMTM
2026	1.47%	0.00%
2025	4.08%	4.70%
2024	5.01%	2.93%
2023	4.98%	2.29%
2022	1.61%	2.68%
2021	0.00%	2.51%
2020	0.00%	0.97%
2019	0.00%	2.13%
2018	0.00%	2.36%
2017	0.00%	1.92%
2016	0.00%	2.75%
2015	0.00%	1.56%