SPDR® Bloomberg 1-3 Month T-Bill ETF

10-Year Study

BIL.US · · US · ETF

Executive Summary: SPDR® Bloomberg 1-3 Month T-Bill ETF has compounded at 2.1% annually over the last 10 years, with a maximum drawdown of 0.2% and an annualized volatility of 4.6%.

1Y CAGR
+3.1%
3Y CAGR
+4.4%
5Y CAGR
+3.3%
10Y CAGR
+2.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
0.2%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-4.30
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-77.93
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
0.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +5.2%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -0.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
90%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.30.0-0.00.2————————0.5%
20250.40.30.30.30.40.30.40.40.30.40.30.34.2%
20240.40.40.40.40.50.40.50.50.40.40.40.45.2%
20230.30.30.40.40.40.50.40.50.40.40.50.44.9%
20220.0-0.00.0-0.00.00.10.00.20.20.20.30.41.4%
20210.0-0.0-0.00.0-0.0-0.0-0.0-0.00.0-0.0-0.00.0-0.1%
20200.10.10.2-0.0-0.00.00.00.0-0.00.0-0.00.00.4%
20190.20.20.20.20.20.20.20.20.20.20.10.12.0%
20180.10.10.10.10.20.10.10.20.10.20.20.21.7%
20170.00.0-0.00.10.00.10.00.10.10.10.10.10.7%
2016———0.00.0-0.00.00.00.00.0-0.00.00.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 4.6%. The dominant macroeconomic risk driver is SHV.US, accounting for 99.9% of variance. Idiosyncratic stock-specific factors contribute 0.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110004.377560570803
2016-05-0110004.377560570803
2016-06-0110002.188780285402
2016-07-0110006.566340856201
2016-08-0110006.566340856201
2016-09-0110008.755121141603
2016-10-0110010.943901427005
2016-11-0110006.566340856201
2016-12-0110008.849117840979
2017-01-0110013.226678411778
2017-02-0110018.168219178819
2017-03-0110016.449422390284
2017-04-0110024.00944263986
2017-05-0110025.459677430186
2017-06-0110035.785886261308
2017-07-0110039.116055039096
2017-08-0110050.476227563324
2017-09-0110057.700545315138
2017-10-0110064.696585368476
2017-11-0110070.108109632381
2017-12-0110077.54727698276
2018-01-0110090.77395539454
2018-02-0110099.17994593847
2018-03-0110112.352911950606
2018-04-0110122.867114180479
2018-05-0110138.06772327909
2018-06-0110153.18776377824
2018-07-0110167.287268684195
2018-08-0110183.400988576715
2018-09-0110197.71534308124
2018-10-0110215.091304365342
2018-11-0110234.132350038337
2018-12-0110252.851121313484
2019-01-0110270.791062793825
2019-02-0110289.805252266999
2019-03-0110307.798906146983
2019-04-0110327.591925414963
2019-05-0110349.493156368882
2019-06-0110368.29249624349
2019-07-0110387.011267518636
2019-08-0110404.561794101575
2019-09-0110421.48119998872
2019-10-0110438.239468676944
2019-11-0110449.492216401888
2019-12-0110461.188091423877
2020-01-0110473.770221039955
2020-02-0110486.177785357197
2020-03-0110507.662745213891
2020-04-0110505.621674027503
2020-05-0110503.822308639505
2020-06-0110503.822308639505
2020-07-0110504.977125231804
2020-08-0110504.977125231804
2020-09-0110502.68092014712
2020-10-0110503.822308639505
2020-11-0110502.68092014712
2020-12-0110503.056906944612
2021-01-0110503.056906944612
2021-02-0110501.902090352312
2021-03-0110500.760701859928
2021-04-0110500.760701859928
2021-05-0110499.605885267629
2021-06-0110497.309680182945
2021-07-0110496.168291690557
2021-08-0110495.01347509826
2021-09-0110496.168291690557
2021-10-0110495.01347509826
2021-11-0110492.730698113488
2021-12-0110492.730698113488
2022-01-0110492.730698113488
2022-02-0110490.434493028804
2022-03-0110495.25518089665
2022-04-0110494.100364304351
2022-05-0110497.551385981335
2022-06-0110505.742526926699
2022-07-0110509.515823001531
2022-08-0110529.845966265928
2022-09-0110551.545775721192
2022-10-0110568.317472509323
2022-11-0110601.565447887557
2022-12-0110640.077238430686
2023-01-0110670.317319428983
2023-02-0110707.204309882949
2023-03-0110749.972808097684
2023-04-0110789.008294537316
2023-05-0110829.507443867185
2023-06-0110879.35255073472
2023-07-0110921.328791054739
2023-08-0110975.524602293252
2023-09-0111019.300208001268
2023-10-0111066.822253584296
2023-11-0111118.601006838933
2023-12-0111166.190192921513
2024-01-0111213.846519503646
2024-02-0111263.718482571
2024-03-0111309.938002462713
2024-04-0111358.990851435534
2024-05-0111410.87702948945
2024-06-0111456.438572485557
2024-07-0111508.12332904082
2024-08-0111561.29860468614
2024-09-0111610.311169359227
2024-10-0111656.181558653268
2024-11-0111699.339471765406
2024-12-0111746.418390051389
2025-01-0111787.535231977143
2025-02-0111825.671035722773
2025-03-0111864.39767586447
2025-04-0111904.802828494967
2025-05-0111947.987597806923
2025-06-0111988.030191739841
2025-07-0112030.838974254306
2025-08-0112075.47397835659
2025-09-0112115.503144189594
2025-10-0112157.962796106389
2025-11-0112192.969852572893
2025-12-0112233.925557299717
2026-01-0112270.074002258607
2026-02-0112270.18142705789
2026-03-0112270.060574158697
2026-04-0112289.397038029721
Annual Return Matrix
YearAnnual Return
20170.0068637421079038585
20180.017395487166914192
20190.020319905911566627
20200.004002300231563449
2021-0.0009831622281600838
20220.014042725821953095
20230.04944634730569164
20240.05196295129360218
20250.041502622421590196
20260.0045342339603258175
Total Factor Risk
0.04642022015731686
VTI.US Exposure
0.0002591185526337374
VEA.US Exposure
-0.00005525753799258259
VWO.US Exposure
0.00010328091774605614
QQQ.US Exposure
0.00010648425974610758
VTV.US Exposure
0.00006899528694844416
IJR.US Exposure
-0.0000039873831091493
QUAL.US Exposure
-0.00015188448865266317
SHV.US Exposure
0.9987541414870714
TLT.US Exposure
-0.000051647467658280375
LQD.US Exposure
0.00007429476300521617
HYG.US Exposure
0.00009035598700555316
GLD.US Exposure
-0.000034417147098893775
USO.US Exposure
0.0001267456456496231
VNQ.US Exposure
3.7925097998914593e-7
BTC-USD.CC Exposure
-3.0120537879605496e-7
CPER.US Exposure
0.000004079061404830506
VIX.INDX Exposure
2.93165132991963e-7
UUP.US Exposure
0.00009490744634890519
TIP.US Exposure
0.000019602451025353634
Idiosyncratic Exposure
0.0005948169551919187
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
48.7
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
4.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.06%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$68
Avg Yield on Cost
0.68%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$68.050.68%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.1% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.06
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® Bloomberg 1-3 Month T-Bill ETF a high-risk investment?

SPDR® Bloomberg 1-3 Month T-Bill ETF (BIL.US) has an annualized volatility of 4.6% and experienced a maximum drawdown of 0.2% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BIL.US?

Over the past 10 years, BIL.US has generated a Compound Annual Growth Rate (CAGR) of 2.1%. It has had a positive return in 90% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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