BIL vs SPAXX
State Street SPDR Bloomberg 1-3 Month T-Bill ETF vs Fidelity Government Money Market Fund
Quick Verdict
BIL has a lower expense ratio. SPAXX offers more diversification with 700 holdings.
Side-by-Side Comparison
| Metric | BIL | SPAXX | Winner |
|---|---|---|---|
| Expense Ratio | 0.14% | 0.42% | |
| AUM | $46.8B | $423.8B | |
| Dividend Yield | 3.81% | 3.18% | |
| Holdings | 19 | 700 | |
| YTD Return | +2.25% | +0.00% | |
| 1Y Return | +3.76% | - | |
| 3Y Return (annualized) | +4.41% | - | |
| 5Y Return (annualized) | +3.51% | - | |
| Volatility (annualized) | 0.6% | - | |
| Max Drawdown | -1.2% | 0.0% | |
| Fund Family | State Street Investment Management | Fidelity Investments (US) | |
| Category | Fixed Income | Money Market | |
| Inception | May 25, 2007 | Feb 5, 1990 |
BIL vs SPAXX Performance
State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is a ETF from State Street Investment Management and Fidelity Government Money Market Fund (SPAXX) is a mutual fund from Fidelity Investments (US). Year to date, BIL is up 2.25% versus a gain of 0.00% for SPAXX.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -1.2% for BIL and 0.0% for SPAXX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
BIL charges 0.14% per year while SPAXX charges 0.42%. On a $10,000 position that is $14 vs $42 annually, a gap of $28 per year that compounds over a long holding period. On income, BIL currently yields 3.81% against 3.18% for SPAXX.
Holdings Overlap
BIL and SPAXX share 0 holdings out of 41 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BIL or SPAXX?
BIL has an expense ratio of 0.14% while SPAXX charges 0.42%. BIL is the cheaper option. On a $10,000 investment, that is $28 per year of difference.
What is the holdings overlap between BIL and SPAXX?
BIL and SPAXX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 41 unique securities.
Which pays a higher dividend, BIL or SPAXX?
BIL yields 3.81% while SPAXX yields 3.18%, so BIL currently pays the higher dividend yield.
Popular Fund Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.