BIV vs BIL

Comparison between VANGUARD INTERMEDIATE-TERM BOND INDEX FUND ETF SHARES (BIV, ETF) and SPDR(R) BLOOMBERG 1-3 MONTH T-BILL ETF (BIL, ETF).

5-Year PerformanceBIL has outperformed BIV, delivering a return of +3.4% compared to +0.4%

BIV vs BIL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BIV(ETF)	BIL(ETF)
Net Assets	$52B	$50B
Expense Ratio	0.03%	0.14%
Max Drawdown	25.30%	1.36%
Sharpe Ratio	0.35	1.34
5Y Beta	0.03	-0.00
5Y Dividends CAGR	3.55%	194.32%

Net Assets

Winner

BIV

$52B

BIL

$50B

Expense Ratio

Winner

BIV

0.03%

BIL

0.14%

Max Drawdown

BIV

25.30%

Winner

BIL

1.36%

Sharpe Ratio

BIV

0.35

Winner

BIL

1.34

5Y Beta

BIV

0.03

Winner

BIL

-0.00

5Y Dividends CAGR

BIV

3.55%

Winner

BIL

194.32%

BIV vs BIL - Historical Returns

Returns include dividend reinvestment.

Period	BIV	BIL
1 month	+0.04%	+0.31%
3 months	-0.12%	+0.87%
6 months	+0.73%	+1.79%
1 year	+5.74%	+3.94%
5 years(CAGR)	+0.41%	+3.36%
10 years(CAGR)	+2.00%	+2.16%
Max(CAGR)	+3.87%	+1.35%

BIV

+0.04%

Winner

BIL

+0.31%

BIV

-0.12%

Winner

BIL

+0.87%

BIV

+0.73%

Winner

BIL

+1.79%

Winner

BIV

+5.74%

BIL

+3.94%

5Y(CAGR)

BIV

+0.41%

Winner

BIL

+3.36%

10Y(CAGR)

BIV

+2.00%

Winner

BIL

+2.16%

Max(CAGR)

Winner

BIV

+3.87%

BIL

+1.35%

BIV vs BIL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	BIV	BIL
2026	+0.31%	+1.20%
2025	+8.48%	+4.13%
2024	+2.01%	+5.18%
2023	+5.52%	+4.93%
2022	-12.65%	+1.41%
2021	-2.39%	-0.10%
2020	+9.43%	+0.37%
2019	+10.08%	+2.04%
2018	+0.14%	+1.73%
2017	+3.73%	+0.64%
2016	+2.78%	+0.09%
2015	+0.81%	-0.11%
2014	+7.02%	-0.07%
2013	-3.49%	-0.09%
2012	+6.89%	-0.02%
2011	+11.22%	-0.06%
2010	+8.70%	+0.00%
2009	+5.49%	+0.25%
2008	+6.85%	+1.50%
2007	+6.32%	+2.50%

BIV vs BIL Drawdown Comparison

The maximum drawdown for BIV was -18.95%, occurring on Oct 20, 2022. Recovery took 1387 trading sessions.

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

The current BIV drawdown is -1.54%.

Rank	BIV	BIL
#1	-18.95% Aug 6, 2020 - Feb 13, 2026	-0.78% Sep 29, 2008 - Dec 15, 2017
#2	-13.63% Sep 15, 2008 - Dec 16, 2008	-0.63% Sep 17, 2008 - Sep 29, 2008
#3	-9.16% Mar 6, 2020 - May 22, 2020	-0.24% Aug 20, 2007 - Sep 7, 2007
#4	-7.66% May 1, 2013 - Aug 13, 2014	-0.21% Mar 20, 2020 - Aug 2, 2022
#5	-6.02% Nov 4, 2010 - Jun 1, 2011	-0.17% Mar 19, 2008 - Jun 2, 2008
#6	-5.93% Jul 8, 2016 - Sep 5, 2017	-0.15% Jul 16, 2008 - Aug 5, 2008
#7	-5.76% Dec 30, 2008 - Jul 8, 2009	-0.13% Jan 2, 2008 - Jan 14, 2008
#8	-5.05% Sep 7, 2017 - Jan 31, 2019	-0.13% Sep 25, 2007 - Oct 4, 2007
#9	-3.93% Mar 19, 2008 - Sep 15, 2008	-0.11% Oct 4, 2007 - Oct 8, 2007
#10	-3.59% Jan 30, 2015 - Feb 2, 2016	-0.11% Sep 10, 2007 - Sep 12, 2007
#11	-3.14% May 8, 2007 - Aug 17, 2007	-0.11% Jan 24, 2008 - Jan 29, 2008
#12	-2.87% Feb 27, 2026 - Mar 26, 2026	-0.10% Jun 27, 2008 - Jul 10, 2008
#13	-2.77% Sep 22, 2011 - Dec 16, 2011	-0.09% Jun 2, 2008 - Jun 10, 2008
#14	-2.74% Nov 30, 2009 - Mar 2, 2010	-0.09% Jun 11, 2007 - Jun 14, 2007
#15	-2.46% Sep 4, 2019 - Oct 4, 2019	-0.09% Sep 17, 2007 - Sep 24, 2007

Correlation

Correlation between BIV and BIL is 0.65 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.65

-101

Dividend Comparison (2007 - 2026)

BIV vs BIL dividend yield comparison.

Year	BIV	BIL
2026	1.40%	1.15%
2025	4.01%	4.13%
2024	3.79%	5.03%
2023	3.09%	4.93%
2022	2.41%	1.35%
2021	3.42%	0.00%
2020	2.95%	0.30%
2019	2.75%	2.05%
2018	2.88%	1.66%
2017	2.69%	0.68%
2016	3.01%	0.07%
2015	3.02%	0.00%
2014	3.42%	0.00%
2013	4.22%	0.00%
2012	5.15%	0.00%
2011	5.17%	0.00%
2010	4.54%	0.00%
2009	4.39%	0.09%
2008	4.45%	1.58%
2007	3.09%	2.50%