BILS vs IVV
State Street SPDR Bloomberg 3-12 Month T-Bill ETF vs iShares Core S&P 500 ETF
Which is better, BILS or IVV?
Ultrashort Term Bond against Large Cap Blend.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BILS | IVV |
|---|---|---|
| Expense Ratio | 0.14% | 0.03%Best |
| AUM | $3.9B | $876.4B |
| Dividend Yield | 3.72% | 1.06% |
| Holdings | 25 | 508 |
| YTD Return | +2.41% | +14.15%Best |
| 1Y Return | +3.55% | +17.31%Best |
| 3Y Return (annualized) | +4.48% | +23.17%Best |
| 5Y Return (annualized) | +3.51% | +13.85%Best |
| Volatility (annualized) | 0.7%Best | 15.4% |
| Max Drawdown | -0.4%Best | -24.5% |
| $10,000 over 5 years | $11,883 | $19,128Best |
| Fund Family | State Street Investment Management | iShares by BlackRock (US) |
| Category | Fixed Income | Equity |
| Style | Ultrashort Term Bond | Large Cap Blend |
| Inception | Sep 24, 2020 | May 15, 2000 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 24, 2020 to Sep 21, 2026 (6 years).
BILS vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6 years both funds cover.
BILS vs IVV Performance
State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an ETF from State Street Investment Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BILS returned +3.55% while IVV returned +17.31%. Year to date, BILS is up 2.41% versus a gain of 14.15% for IVV.
Over three years, BILS compounded at +4.48% per year against +23.17% for IVV; over five years the annualized figures are +3.51% and +13.85% respectively. Across the full 6-year window we track, IVV has the edge at +17.23% annualized vs +2.92%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 0.7% for BILS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.4% for BILS and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.11. They move largely independently of each other.
Fees and Cost Over Time
BILS charges 0.14% per year while IVV charges 0.03%. On a $10,000 position that is $14 vs $3 annually, a gap of $11 per year that compounds over a long holding period. On income, BILS currently yields 3.72% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 1 holding in BILS and 490 in IVV, totalling 2.0% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in BILS and 490 in IVV, against full books of 25 and 508.
You are not choosing between two funds in isolation.
Whichever of BILS and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BILS or IVV?
BILS has an expense ratio of 0.14% while IVV charges 0.03%. IVV is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, BILS or IVV?
Over the past year BILS returned +3.55% vs +17.31% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), BILS annualized +2.92% vs +17.23% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BILS or IVV?
IVV has been the more volatile fund at 15.4% annualized versus 0.7% for BILS. Worst drawdown: BILS -0.4% vs IVV -24.5%.
Should I hold both BILS and IVV?
BILS and IVV have a monthly-return correlation of 0.11, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BILS or IVV?
BILS yields 3.72% while IVV yields 1.06%, so BILS currently pays the higher dividend yield.
Is IVV better than BILS?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.