BTC vs BILS
Comparison between Grayscale Bitcoin Mini Trust ETF (BTC, ETF) and SPDR BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF).
BTC vs BILS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BTC
$4B
BILS
$4B
Expense Ratio
BTC
0.15%
Winner
BILS
0.14%
Max Drawdown
BTC
49.34%
Winner
BILS
1.20%
Sharpe Ratio
BTC
-0.44
Winner
BILS
1.05
5Y Beta
BTC
1.30
Winner
BILS
-0.00
BTC vs BILS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BTC
+10.14%
BILS
+0.27%
3M
Winner
BTC
+23.63%
BILS
+0.81%
6M
BTC
-20.47%
Winner
BILS
+1.75%
1Y
BTC
-20.77%
Winner
BILS
+3.94%
5Y(CAGR)
BTC
N/A
BILS
+3.25%
Max(CAGR)
Winner
BTC
+12.57%
BILS
+2.88%
BTC vs BILS - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | BTC | BILS |
|---|---|---|
| 2026 | -10.07% | +1.16% |
| 2025 | -10.26% | +4.19% |
| 2024 | +44.64% | +5.15% |
| 2023 | N/A | +4.92% |
| 2022 | N/A | +0.91% |
| 2021 | N/A | -0.08% |
| 2020 | N/A | +0.00% |
BTC vs BILS Drawdown Comparison
The maximum drawdown for BTC was -49.34%, occurring on Feb 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for BILS was -0.41%, occurring on Jun 14, 2022. Recovery took 415 trading sessions.
The current BTC drawdown is -35.68%.
| Rank | BTC | BILS |
|---|---|---|
| #1 | -49.34% Oct 6, 2025 - Feb 5, 2026 | -0.41% Feb 5, 2021 - Sep 29, 2022 |
| #2 | -28.14% Dec 17, 2024 - May 20, 2025 | -0.08% Oct 6, 2022 - Oct 27, 2022 |
| #3 | -17.96% Jul 31, 2024 - Sep 27, 2024 | -0.07% Mar 17, 2023 - Mar 23, 2023 |
| #4 | -11.96% Aug 13, 2025 - Oct 6, 2025 | -0.04% Feb 1, 2024 - Feb 7, 2024 |
| #5 | -9.11% Sep 27, 2024 - Oct 14, 2024 | -0.04% Apr 5, 2023 - Apr 13, 2023 |
| #6 | -8.47% Nov 22, 2024 - Dec 6, 2024 | -0.04% Mar 13, 2023 - Mar 15, 2023 |
| #7 | -8.44% May 22, 2025 - Jul 9, 2025 | -0.03% Mar 2, 2023 - Mar 9, 2023 |
| #8 | -7.30% Oct 29, 2024 - Nov 6, 2024 | -0.03% Apr 8, 2025 - Apr 11, 2025 |
| #9 | -5.81% Jul 14, 2025 - Aug 13, 2025 | -0.03% Apr 13, 2023 - Apr 19, 2023 |
| #10 | -5.48% Dec 6, 2024 - Dec 13, 2024 | -0.03% Nov 10, 2022 - Nov 17, 2022 |
| #11 | -3.29% Oct 18, 2024 - Oct 28, 2024 | -0.03% Oct 28, 2025 - Oct 31, 2025 |
| #12 | -2.51% Nov 13, 2024 - Nov 15, 2024 | -0.03% Mar 24, 2023 - Mar 30, 2023 |
| #13 | -1.50% Oct 16, 2024 - Oct 18, 2024 | -0.02% Oct 9, 2020 - Feb 5, 2021 |
| #14 | N/A | -0.02% Dec 17, 2024 - Dec 19, 2024 |
| #15 | N/A | -0.02% Mar 15, 2023 - Mar 17, 2023 |
Correlation
Correlation between BTC and BILS is 0.18 which considered as a very weak or no correlation - the stocks move independently of each other.
0.18
-101
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