BILZ vs SPY
PIMCO Ultra Short Government Active Exchange-Traded Fund vs State Street SPDR S&P 500 ETF Trust
Which is better, BILZ or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y 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 | BILZ | SPY |
|---|---|---|
| Expense Ratio | 0.14% | 0.09%Best |
| AUM | $947M | $814.4B |
| Dividend Yield | 4.01% | 1.01% |
| Holdings | 7 | 505 |
| YTD Return | +2.38% | +13.78%Best |
| 1Y Return | +3.74% | +21.44%Best |
| 3Y Return (annualized) | +4.57% | +21.38%Best |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 0.4%Best | 12.6% |
| Max Drawdown | -0.5%Best | -18.8% |
| $10,000 over 3.2 years | $11,491 | $18,385Best |
| Fund Family | PIMCO (US) | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Jun 21, 2023 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jun 22, 2023 to Sep 3, 2026 (3.2 years).
BILZ vs SPY 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 3.2 years both funds cover.
BILZ vs SPY Performance
PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) is an ETF from PIMCO (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BILZ returned +3.74% while SPY returned +21.44%. Year to date, BILZ is up 2.38% versus a gain of 13.78% for SPY.
Over three years, BILZ compounded at +4.57% per year against +21.38% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 0.4% for BILZ. 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 -0.5% for BILZ and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.13. They move largely independently of each other.
Fees and Cost Over Time
BILZ charges 0.14% per year while SPY charges 0.09%. On a $10,000 position that is $14 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, BILZ currently yields 4.01% against 1.01% for SPY.
Holdings Overlap
We hold position weights for 1 holding in BILZ and 504 in SPY, totalling 0.0% and 100.0% 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 BILZ and 504 in SPY, against full books of 7 and 505.
You are not choosing between two funds in isolation.
Whichever of BILZ and SPY 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, BILZ or SPY?
BILZ has an expense ratio of 0.14% while SPY charges 0.09%. SPY is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BILZ or SPY?
Over the past year BILZ returned +3.74% vs +21.44% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BILZ or SPY?
SPY has been the more volatile fund at 12.6% annualized versus 0.4% for BILZ. Worst drawdown: BILZ -0.5% vs SPY -18.8%.
Should I hold both BILZ and SPY?
BILZ and SPY have a monthly-return correlation of 0.13, 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, BILZ or SPY?
BILZ yields 4.01% while SPY yields 1.01%, so BILZ currently pays the higher dividend yield.
Is SPY better than BILZ?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.