SPDR Series Trust - SPDR Bloomberg Barclays 3-12 Month T-Bill ETF

10-Year Study

BILS.US · · US · ETF

Executive Summary: SPDR Series Trust - SPDR Bloomberg Barclays 3-12 Month T-Bill ETF has compounded at 2.8% annually over the last 10 years, with a maximum drawdown of 0.3% and an annualized volatility of 5.0%.

1Y CAGR
+3.2%
3Y CAGR
+4.4%
5Y CAGR
+3.1%
10Y CAGR
+2.8%

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 →
0.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-2.53
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-20.23
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
0.7%
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 →
83%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.3-0.0-0.00.2————————0.4%
20250.40.30.30.40.30.30.30.40.40.30.30.44.2%
20240.40.40.40.40.50.40.50.50.50.30.40.45.2%
20230.30.30.50.30.30.40.40.50.40.50.50.54.9%
2022-0.1-0.0-0.0-0.00.1-0.10.00.10.10.10.30.40.9%
20210.0-0.00.0-0.0-0.0-0.0-0.0-0.00.0-0.0-0.0-0.0-0.1%
2020—————————0.00.00.00.0%

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 5.0%. The dominant macroeconomic risk driver is SHV.US, accounting for 99.8% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2020-09-0110000
2020-10-0110000
2020-11-0110000
2020-12-0110000
2021-01-0110000.996445619858
2021-02-0110000.504084254753
2021-03-0110000.996445619858
2021-04-0110000
2021-05-019999.00355438014
2021-06-019997.503024505528
2021-07-019996.998940250776
2021-08-019996.002494630915
2021-09-019996.002494630915
2021-10-019994.501964756304
2021-11-019993.013157771338
2021-12-019992.004989261832
2022-01-019984.009978523665
2022-02-019982.017087283946
2022-03-019977.515497660112
2022-04-019975.52260642039
2022-05-019983.517617158559
2022-06-019975.065413724222
2022-07-019978.054750583799
2022-08-019988.18332723743
2022-09-0110001.406746757448
2022-10-0110010.245805550085
2022-11-0110040.772210186722
2022-12-0110082.095396186778
2023-01-0110110.523403576888
2023-02-0110141.75318159225
2023-03-0110192.208498626078
2023-04-0110222.160481670091
2023-05-0110252.030404486584
2023-06-0110297.773119882959
2023-07-0110337.818510911666
2023-08-0110385.542394658114
2023-09-0110426.91247221675
2023-10-0110474.882536645753
2023-11-0110529.487756614053
2023-12-0110578.290146207879
2024-01-0110622.05169325418
2024-02-0110660.010409926004
2024-03-0110702.482439111309
2024-04-0110743.782179332078
2024-05-0110792.314942464056
2024-06-0110836.334393082556
2024-07-0110891.54920331242
2024-08-0110946.224760618592
2024-09-0111001.545076855264
2024-10-0111037.909480535312
2024-11-0111079.701582121186
2024-12-0111125.057442159263
2025-01-0111166.57991728329
2025-02-0111202.088550019225
2025-03-0111240.727194290483
2025-04-0111280.631910643446
2025-05-0111313.2801583059
2025-06-0111351.719513453187
2025-07-0111387.708784664583
2025-08-0111437.871029457277
2025-09-0111480.202383966838
2025-10-0111518.290052424762
2025-11-0111552.638119085803
2025-12-0111596.188654118485
2026-01-0111627.746673043917
2026-02-0111626.527492520796
2026-03-0111623.338866537246
2026-04-0111640.82941788819
Annual Return Matrix
YearAnnual Return
2021-0.0007995010738167663
20220.00901624919340649
20230.049215438906556
20240.05168768188376727
20250.04234865432459123
20260.0038496065475659424
Total Factor Risk
0.049978213374232805
VTI.US Exposure
0.00014309787045910306
VEA.US Exposure
-0.00009260872820465961
VWO.US Exposure
0.00019551665173920778
QQQ.US Exposure
-0.00009765557046540676
VTV.US Exposure
0.000007646211348861273
IJR.US Exposure
0.000010230574306626163
QUAL.US Exposure
-0.000005800147903211182
SHV.US Exposure
0.9984433285463925
TLT.US Exposure
-0.0002603730341641921
LQD.US Exposure
0.0008671707325830737
HYG.US Exposure
0.000053371157490938925
GLD.US Exposure
-0.0000027203748087251355
USO.US Exposure
0.00014051616876555373
VNQ.US Exposure
0.0000027852541486417113
BTC-USD.CC Exposure
-0.000011101996140546451
CPER.US Exposure
0.0000063652639606895665
VIX.INDX Exposure
0.000014372059509310691
UUP.US Exposure
0.00010416294711999773
TIP.US Exposure
0.00008410256803241858
Idiosyncratic Exposure
0.0003975938458299986
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
48.1
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
5.0%

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 →4.01%
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
$66
Avg Yield on Cost
0.66%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$65.820.66%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 →
+0.9%
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 →
0.02
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR Series Trust - SPDR Bloomberg Barclays 3-12 Month T-Bill ETF a high-risk investment?

SPDR Series Trust - SPDR Bloomberg Barclays 3-12 Month T-Bill ETF (BILS.US) has an annualized volatility of 5.0% and experienced a maximum drawdown of 0.3% over the last 10 years. Its primary macro risk driver is SHV.US.

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

Over the past 10 years, BILS.US has generated a Compound Annual Growth Rate (CAGR) of 2.8%. It has had a positive return in 83% 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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