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ETFs

SPDR Bloomberg 3-12 Month T-Bill ETF

BILS
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 23, 2020
Expense Ratio
0.14%
Type
US Bonds
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$28,895,823
AUM
$2,671,691,926
Associated Index
Bloomberg 3-12 Month U.S. Treasury Bill Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

—
TREASURY BILL 02/24 0.00000
7.12%
—
TREASURY BILL 12/23 0.00000
6.88%
—
TREASURY BILL 01/24 0.00000
6.85%
—
TREASURY BILL 02/24 0.00000
4.6%
—
TREASURY BILL 02/24 0.00000
4.59%
—
TREASURY BILL 02/24 0.00000
4.46%
—
TREASURY BILL 12/23 0.00000
4.35%
—
TREASURY BILL 12/23 0.00000
4.34%
—
TREASURY BILL 12/23 0.00000
4.34%
—
TREASURY BILL 01/24 0.00000
4.33%
Invest with BILS
Trade BILS Options

What is BILS?

The SPDR Bloomberg Barclays 3-12 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index (the "Index"). The Bloomberg 3-12 Month U.S. Treasury Bill Index (the Index ) is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to 3 months and less than 12 months. The Index includes all publicly issued U.S. Treasury Bills that have a remaining maturity of less than 12 months and at least 3 months, and are rated investment-grade. In addition, the securities must be denominated in U.S. dollars and must have a fixed rate. The Index is market capitalization weighted, with securities held in the Federal Reserve System Open Market Account deducted from the total amount outstanding. The Index is market capitalization weighted.

1M
3M
6M
YTD
1Y
3Y
Max
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BILS
Performance Measures**

for the time period Sep 24, 2020 to Dec 4, 2025

Returns

1M Trailing Return: 0.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -0.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 0.3%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 9.21

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 6.93

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBILS

ETFs correlated to BILS include XBIL, GBIL, OBIL

BILS
SPDR Series Trust - SPDR Bloomberg 3-12 Month T-Bill ETF
XBIL
Rbb Fund Inc - US Treasury 6 Month Bill ETF
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
XHLF
BondBloxx ETF Trust - BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
TBLL
Invesco Capital Management LLC - Invesco Short Term Treasury ETF
XONE
BondBloxx ETF Trust - BondBloxx Bloomberg One Year Target Duration US Treasury ETF
IBTE
iShares Trust - iShares iBonds Dec 2024 Term Treasury ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toBILS

Vox's Cockroach Portfolio - Short BT/Live Run

Category

Tactical multi-asset, trend-following, mean-reversion, volatility hedging, leveraged ETFs, commodities, bonds, income

OOS Cumulative Return

27.78%

Coffee Can Filters and Stop

Category

Tactical allocation, trend-following, mean reversion, momentum, risk-managed, equities/ETFs, volatility-aware

OOS Cumulative Return

10.31%

Create your own algorithmic trading strategy with BILS using Composer

FAQ

BILS is a US Bonds ETF. The SPDR Bloomberg Barclays 3-12 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index (the "Index"). The Bloomberg 3-12 Month U.S. Treasury Bill Index (the Index ) is designed to measure the performance of public obligations of the U.S. Treasury that have a remaining maturity of greater than or equal to 3 months and less than 12 months. The Index includes all publicly issued U.S. Treasury Bills that have a remaining maturity of less than 12 months and at least 3 months, and are rated investment-grade. In addition, the securities must be denominated in U.S. dollars and must have a fixed rate. The Index is market capitalization weighted, with securities held in the Federal Reserve System Open Market Account deducted from the total amount outstanding. The Index is market capitalization weighted.

BILS tracks the Bloomberg 3-12 Month U.S. Treasury Bill Index.

No, BILS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BILS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BILS is 0.0043%. This is the percent change in the value of BILS over the most recent 1-month period. The 3-month return on BILS is 0.0127%. This is the percent change in the value of BILS over the most recent 3-month period.

The standard deviation of BILS for the past year is 0.0128%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BILS include SHY, BIL, and TLT.

ETFs correlated to BILS include XBIL, GBIL, and OBIL.

ETFs that are inversely correlated to BILS include DBMF, FLOT, and FLTR.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.