TBIL vs SPLV

Comparison between F/M US TREASURY 3 MONTH BILL ETF (TBIL, ETF) and INVESCO S&P 500 LOW VOLATILITY ETF (SPLV, ETF).

TBIL vs SPLV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TBIL(ETF)	SPLV(ETF)
Net Assets	$7.10B	$7.20B
Expense Ratio	0.15%	0.25%
Max Drawdown	0.58%	36.56%
Sharpe Ratio	1.01	-0.10
5Y Beta	0.00	0.35
P/E Ratio	N/A	22.01
Forward P/E	N/A	20.53
PEG Ratio	N/A	0.89
5Y Dividends CAGR	N/A	7.67%
5Y EPS CAGR	N/A	11.39%
Debt to Equity	N/A	59.46%
P/S Ratio	N/A	2.41
P/B Ratio	N/A	2.96

Net Assets

TBIL

$7.10B

Winner

SPLV

$7.20B

Expense Ratio

Winner

TBIL

0.15%

SPLV

0.25%

Max Drawdown

Winner

TBIL

0.58%

SPLV

36.56%

Sharpe Ratio

Winner

TBIL

1.01

SPLV

-0.10

5Y Beta

Winner

TBIL

0.00

SPLV

0.35

P/E Ratio

TBIL

N/A

SPLV

22.01

Forward P/E

TBIL

N/A

SPLV

20.53

PEG Ratio

TBIL

N/A

SPLV

0.89

5Y Dividends CAGR

TBIL

N/A

SPLV

7.67%

5Y EPS CAGR

TBIL

N/A

SPLV

11.39%

Debt to Equity

TBIL

N/A

SPLV

59.46%

P/S Ratio

TBIL

N/A

SPLV

2.41

P/B Ratio

TBIL

N/A

SPLV

2.96

TBIL vs SPLV - Historical Returns

Returns include dividend reinvestment.

Period	TBIL	SPLV
1 month	+0.27%	-1.76%
3 months	+0.83%	-3.60%
6 months	+1.81%	+1.88%
1 year	+3.97%	+3.13%
5 years(CAGR)	N/A	+5.74%
10 years(CAGR)	N/A	+8.27%
Max(CAGR)	+4.53%	+9.94%

Winner

TBIL

+0.27%

SPLV

-1.76%

Winner

TBIL

+0.83%

SPLV

-3.60%

TBIL

+1.81%

Winner

SPLV

+1.88%

Winner

TBIL

+3.97%

SPLV

+3.13%

5Y(CAGR)

TBIL

N/A

SPLV

+5.74%

10Y(CAGR)

TBIL

N/A

SPLV

+8.27%

Max(CAGR)

TBIL

+4.53%

Winner

SPLV

+9.94%

TBIL vs SPLV - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	TBIL	SPLV
2026	+1.23%	+2.87%
2025	+4.19%	+4.53%
2024	+5.14%	+12.93%
2023	+5.10%	+0.57%
2022	+1.30%	-3.95%
2021	N/A	+25.59%
2020	N/A	-0.65%
2019	N/A	+29.84%
2018	N/A	+0.54%
2017	N/A	+17.18%
2016	N/A	+11.86%
2015	N/A	+3.90%
2014	N/A	+18.78%
2013	N/A	+20.63%
2012	N/A	+10.55%
2011	N/A	+6.95%

TBIL vs SPLV Drawdown Comparison

The maximum drawdown for TBIL was -0.10%, occurring on Oct 5, 2022. Recovery took 10 trading sessions.

The maximum drawdown for SPLV was -36.25%, occurring on Mar 23, 2020. Recovery took 297 trading sessions.

The current SPLV drawdown is -5.76%.

Rank	TBIL	SPLV
#1	-0.10% Oct 3, 2022 - Oct 17, 2022	-36.25% Feb 14, 2020 - Apr 21, 2021
#2	-0.05% Dec 23, 2022 - Dec 29, 2022	-17.26% Apr 20, 2022 - Jun 24, 2024
#3	-0.04% Aug 10, 2022 - Aug 25, 2022	-12.49% Jul 7, 2011 - Oct 27, 2011
#4	-0.04% Nov 14, 2022 - Nov 17, 2022	-11.51% Dec 3, 2018 - Feb 8, 2019
#5	-0.04% Apr 5, 2023 - Apr 12, 2023	-11.30% Aug 18, 2015 - Oct 28, 2015
#6	-0.02% Jul 3, 2025 - Jul 9, 2025	-9.10% Mar 3, 2025 - Aug 20, 2025
#7	-0.02% Aug 2, 2024 - Aug 7, 2024	-9.02% Dec 31, 2021 - Apr 6, 2022
#8	-0.02% Mar 4, 2025 - Mar 7, 2025	-8.91% Jan 26, 2018 - Jul 26, 2018
#9	-0.02% Feb 3, 2025 - Feb 5, 2025	-8.59% Nov 29, 2024 - Mar 3, 2025
#10	-0.02% Oct 17, 2022 - Oct 25, 2022	-7.72% Jul 22, 2016 - Feb 16, 2017
#11	-0.02% Jul 9, 2024 - Jul 11, 2024	-7.52% Dec 29, 2015 - Mar 11, 2016
#12	-0.02% May 1, 2026 - May 5, 2026	-7.13% May 17, 2013 - Jul 18, 2013
#13	-0.02% Feb 2, 2024 - Feb 8, 2024	-6.64% Mar 2, 2026 - Mar 27, 2026
#14	-0.02% May 7, 2025 - May 9, 2025	-6.02% Sep 13, 2018 - Nov 30, 2018
#15	-0.02% Jan 3, 2025 - Jan 8, 2025	-6.02% Oct 27, 2011 - Dec 20, 2011

Correlation

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

0.93

-101

Dividend Comparison (2011 - 2026)

TBIL vs SPLV dividend yield comparison.

Year	TBIL	SPLV
2026	1.20%	0.74%
2025	4.06%	2.04%
2024	5.02%	1.88%
2023	5.00%	2.45%
2022	1.10%	2.11%
2021	0.00%	1.51%
2020	0.00%	2.12%
2019	0.00%	2.08%
2018	0.00%	2.18%
2017	0.00%	2.03%
2016	0.00%	2.03%
2015	0.00%	2.28%
2014	0.00%	2.20%
2013	0.00%	2.60%
2012	0.00%	3.01%
2011	0.00%	2.11%