SMLF vs BILS

Comparison between ISHARES U.S. SMALL-CAP EQUITY FACTOR ETF (SMLF, ETF) and STATE STREET(R) SPDR(R) BLOOMBERG 3-12 MONTH T-BILL ETF (BILS, ETF).

5-Year PerformanceSMLF has outperformed BILS, delivering a return of +10.9% compared to +3.3%

SMLF vs BILS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMLF(ETF)	BILS(ETF)
Net Assets	$3.90B	$3.90B
Expense Ratio	0.15%	0.14%
Max Drawdown	43.06%	1.20%
Sharpe Ratio	1.44	0.63
5Y Beta	1.09	-0.00
P/E Ratio	110.99	N/A
Forward P/E	14.86	N/A
5Y Dividends CAGR	11.57%	N/A
5Y EPS CAGR	15.70%	N/A
Debt to Equity	14.45%	N/A
P/S Ratio	1.43	N/A
P/B Ratio	2.65	N/A

Net Assets

SMLF

$3.90B

BILS

$3.90B

Expense Ratio

SMLF

0.15%

Winner

BILS

0.14%

Max Drawdown

SMLF

43.06%

Winner

BILS

1.20%

Sharpe Ratio

Winner

SMLF

1.44

BILS

0.63

5Y Beta

SMLF

1.09

Winner

BILS

-0.00

P/E Ratio

SMLF

110.99

BILS

N/A

Forward P/E

SMLF

14.86

BILS

N/A

5Y Dividends CAGR

SMLF

11.57%

BILS

N/A

5Y EPS CAGR

SMLF

15.70%

BILS

N/A

Debt to Equity

SMLF

14.45%

BILS

N/A

P/S Ratio

SMLF

1.43

BILS

N/A

P/B Ratio

SMLF

2.65

BILS

N/A

SMLF vs BILS - Historical Returns

Returns include dividend reinvestment.

Period	SMLF	BILS
1 month	+4.55%	+0.32%
3 months	+17.03%	+0.89%
6 months	+14.45%	+1.69%
1 year	+32.36%	+3.92%
5 years(CAGR)	+10.92%	+3.32%
10 years(CAGR)	+12.65%	N/A
Max(CAGR)	+11.64%	+2.89%

Winner

SMLF

+4.55%

BILS

+0.32%

Winner

SMLF

+17.03%

BILS

+0.89%

Winner

SMLF

+14.45%

BILS

+1.69%

Winner

SMLF

+32.36%

BILS

+3.92%

5Y(CAGR)

Winner

SMLF

+10.92%

BILS

+3.32%

10Y(CAGR)

SMLF

+12.65%

BILS

N/A

Max(CAGR)

Winner

SMLF

+11.64%

BILS

+2.89%

SMLF vs BILS - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	SMLF	BILS
2026	+14.79%	+1.49%
2025	+11.90%	+4.19%
2024	+17.21%	+5.15%
2023	+20.62%	+4.92%
2022	-12.70%	+0.91%
2021	+27.90%	-0.08%
2020	+8.48%	+0.00%
2019	+21.53%	N/A
2018	-9.03%	N/A
2017	+12.31%	N/A
2016	+25.23%	N/A
2015	+2.39%	N/A

SMLF vs BILS Drawdown Comparison

The maximum drawdown for SMLF was -41.89%, occurring on Mar 18, 2020. Recovery took 217 trading sessions.

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

Rank	SMLF	BILS
#1	-41.89% Jan 16, 2020 - Nov 24, 2020	-0.41% Feb 5, 2021 - Sep 29, 2022
#2	-26.27% Nov 25, 2024 - Aug 28, 2025	-0.08% Oct 6, 2022 - Oct 27, 2022
#3	-25.38% Nov 16, 2021 - Dec 14, 2023	-0.07% Mar 17, 2023 - Mar 23, 2023
#4	-24.77% Aug 29, 2018 - Jan 16, 2020	-0.04% Feb 1, 2024 - Feb 7, 2024
#5	-17.76% Jun 23, 2015 - Jul 12, 2016	-0.04% Apr 5, 2023 - Apr 13, 2023
#6	-9.35% Jan 23, 2018 - May 21, 2018	-0.04% Mar 13, 2023 - Mar 15, 2023
#7	-8.72% Jan 22, 2026 - Apr 14, 2026	-0.03% Mar 2, 2023 - Mar 9, 2023
#8	-8.55% Jul 31, 2024 - Sep 19, 2024	-0.03% Apr 8, 2025 - Apr 11, 2025
#9	-7.73% Oct 27, 2025 - Dec 10, 2025	-0.03% Apr 13, 2023 - Apr 19, 2023
#10	-7.66% Mar 28, 2024 - May 15, 2024	-0.03% Nov 10, 2022 - Nov 17, 2022
#11	-6.72% Jul 1, 2021 - Aug 11, 2021	-0.03% Oct 28, 2025 - Oct 31, 2025
#12	-6.52% Mar 15, 2021 - Apr 5, 2021	-0.03% Mar 24, 2023 - Mar 30, 2023
#13	-6.20% Feb 12, 2021 - Mar 11, 2021	-0.02% Oct 9, 2020 - Feb 5, 2021
#14	-5.88% Sep 22, 2016 - Nov 10, 2016	-0.02% Dec 17, 2024 - Dec 19, 2024
#15	-5.75% May 7, 2021 - Jun 8, 2021	-0.02% Mar 15, 2023 - Mar 17, 2023

Correlation

Correlation between SMLF and BILS is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2015 - 2026)

SMLF vs BILS dividend yield comparison.

Year	SMLF	BILS
2026	0.22%	1.47%
2025	1.14%	4.08%
2024	1.33%	5.01%
2023	1.13%	4.98%
2022	1.23%	1.61%
2021	1.07%	0.00%
2020	1.33%	0.00%
2019	1.39%	0.00%
2018	1.17%	0.00%
2017	0.93%	0.00%
2016	0.78%	0.00%
2015	0.79%	0.00%