SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL): Historical Returns

Data Source: from January 1871 to January 2024 (~153 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 27 2024, 03:59PM Eastern Time
Category: Fixed Income
SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.03%
1 Day
Feb 27 2024, 03:59PM Eastern Time
0.40%
Current Month
February 2024

In the last 30 Years, the SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF obtained a 2.26% compound annual return, with a 0.64% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Ultra Short-Term

The SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF is part of the following Lazy Portfolios:

Portfolio Name Author BIL Weight Currency
US Cash 100.00% USD
Eliminate Fat Tails Larry Swedroe 35.00% USD
One-Decision Portfolio Marvin Appel 30.00% USD
Permanent Portfolio Harry Browne 25.00% USD
Conservative Income Charles Schwab 25.00% USD
Permanent Portfolio with Bitcoin Harry Browne 25.00% USD
Edge Select Conservative Merrill Lynch 24.00% USD
Perfect Portfolio Ben Stein 20.00% USD
Long Term Portfolio Ben Stein 20.00% USD
Pinwheel 10.00% USD
Late Sixties and Beyond Burton Malkiel 10.00% USD
7Twelve Portfolio Craig Israelsen 8.34% USD
Late Thirties to Early Forties Burton Malkiel 5.00% USD
Mid-Fifties Burton Malkiel 5.00% USD
Mid-Twenties Burton Malkiel 5.00% USD
Sandwich Portfolio Bob Clyatt 4.00% USD
Edge Select Moderately Conservative Merrill Lynch 2.00% USD
Edge Select Moderate Merrill Lynch 2.00% USD
Edge Select Moderately Aggressive Merrill Lynch 2.00% USD
Edge Select Aggressive Merrill Lynch 2.00% USD
Robo Advisor 90 Betterment 0.60% USD

Investment Returns as of Jan 31, 2024

The SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
SPDR BLMBG BARCLAYS 1-3 MTH T-BILL (BIL) ETF
Consolidated returns as of 31 January 2024
Live Update: Feb 27 2024, 03:59PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~153Y)
SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF 0.03 0.40 0.43 2.68 5.09 1.77 1.13 2.26 3.99
US Inflation Adjusted return 0.12 1.00 1.93 -2.29 -1.61 -0.27 1.83
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

In 2023, the SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF granted a 5.03% dividend yield. If you are interested in getting periodic income, please refer to the SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 1.95$, with a total return of 95.28% (2.26% annualized).

The Inflation Adjusted Capital now would be 0.92$, with a net total return of -7.75% (-0.27% annualized).
An investment of 1$, since January 1871, now would be worth 400.63$, with a total return of 39962.85% (3.99% annualized).

The Inflation Adjusted Capital now would be 16.14$, with a net total return of 1514.30% (1.83% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
SPDR BLMBG BARCLAYS 1-3 MTH T-BILL (BIL) ETF
Advanced Metrics
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~153Y)
Investment Return (%) 0.43 1.33 2.68 5.09 2.21 1.77 1.13 1.32 2.26 3.99
Infl. Adjusted Return (%) details 0.12 0.62 1.00 1.93 -3.27 -2.29 -1.61 -1.22 -0.27 1.83
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.12
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) 0.00 -0.12 -0.16 -0.22 -0.42 -0.42 -0.42
Start to Recovery (# months) details 17 28 38 94 94 94
Start (yyyy mm) - 2021 02 2020 04 2014 03 2009 11 2009 11 2009 11
Start to Bottom (# months) - 13 23 22 74 74 74
Bottom (yyyy mm) - 2022 02 2022 02 2015 12 2015 12 2015 12 2015 12
Bottom to End (# months) - 4 5 16 20 20 20
End (yyyy mm) - 2022 06 2022 07 2017 04 2017 08 2017 08 2017 08
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) - 2021 02 2020 04 2014 03 2009 11 2009 11 2009 11
Start to Bottom (# months) - 13 23 22 74 74 74
Bottom (yyyy mm) - 2022 02 2022 02 2015 12 2015 12 2015 12 2015 12
Bottom to End (# months) - 4 5 16 20 20 20
End (yyyy mm) - 2022 06 2022 07 2017 04 2017 08 2017 08 2017 08
Longest negative period (# months) details 0 16 27 38 105 105 105
Period Start (yyyy mm) - 2021 02 2020 04 2014 02 2008 10 2008 10 2008 10
Period End (yyyy mm) - 2022 05 2022 06 2017 03 2017 06 2017 06 2017 06
Annualized Return (%) - -0.04 -0.01 0.00 0.00 0.00 0.00
Deepest Drawdown Depth (%) -0.06 -11.32 -13.58 -16.79 -25.09 -25.09 -48.00
Start to Recovery (# months) details 2 36* 44* 108* 181* 181* 793
Start (yyyy mm) 2023 04 2021 02 2020 06 2015 02 2009 01 2009 01 1933 06
Start to Bottom (# months) 1 21 29 93 166 166 223
Bottom (yyyy mm) 2023 04 2022 10 2022 10 2022 10 2022 10 2022 10 1951 12
Bottom to End (# months) 1 15 15 15 15 15 570
End (yyyy mm) 2023 05 - - - - - 1999 06
Longest Drawdown Depth (%) -0.02
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 2
Start (yyyy mm) 2023 08 2021 02 2020 06 2015 02 2009 01 2009 01 1933 06
Start to Bottom (# months) 1 21 29 93 166 166 223
Bottom (yyyy mm) 2023 08 2022 10 2022 10 2022 10 2022 10 2022 10 1951 12
Bottom to End (# months) 1 15 15 15 15 15 570
End (yyyy mm) 2023 09 - - - - - 1999 06
Longest negative period (# months) details 1 36* 60* 120* 240* 360* 1111*
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2004 02 1994 02 1931 07
Period End (yyyy mm) 2023 02 2024 01 2024 01 2024 01 2024 01 2024 01 2024 01
Annualized Return (%) -0.46 -3.27 -2.29 -1.61 -1.22 -0.27 -0.01
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 0.15 0.66 0.57 0.47 0.53 0.64 0.76
Sharpe Ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Sortino Ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ulcer Index 0.00 0.05 0.06 0.08 0.14 0.12 0.05
Ratio: Return / Standard Deviation 33.92 3.32 3.12 2.42 2.49 3.55 5.22
Ratio: Return / Deepest Drawdown - 18.37 10.75 5.19 3.14 5.36 9.49
% Positive Months details 100% 72% 76% 76% 78% 85% 97%
Positive Months 12 26 46 92 188 308 1785
Negative Months 0 10 14 28 52 52 52
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 1.13 1.50 4.15 9.20
Worst 10 Years Return (%) - Annualized 0.16 0.16 0.16
Best 10 Years Return (%) - Annualized -1.61 -0.62 1.67 9.61
Worst 10 Years Return (%) - Annualized -2.06 -2.06 -5.31
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 6.02 5.35 5.20 4.15 2.82 2.26
Worst Rolling Return (%) - Annualized -0.15 -0.10 -0.08 0.16 1.08
% Positive Periods 75% 80% 86% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 95.84 30.59 18.79 9.10 4.56 3.64
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 3.76 3.06 2.73 1.67 0.41 -0.27
Worst Rolling Return (%) - Annualized -8.18 -4.61 -2.83 -2.06 -1.39
% Positive Periods 43% 36% 34% 33% 27% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 95.84 30.59 18.79 9.10 4.56 3.64
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1871 - Jan 2024)
Best Rolling Return (%) - Annualized 15.22 12.62 11.14 9.20 7.73 6.80
Worst Rolling Return (%) - Annualized -0.15 -0.10 -0.08 0.16 0.52 1.10
% Positive Periods 95% 96% 97% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 89.22 27.48 15.38 7.25 3.26 2.17
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 30.87 16.07 15.11 9.61 8.88 7.20
Worst Rolling Return (%) - Annualized -16.14 -10.74 -9.15 -5.31 -3.14 -1.77
% Positive Periods 63% 66% 66% 67% 79% 79%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 89.22 27.48 15.38 7.25 3.26 2.17
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

SPDR BLMBG BARCLAYS 1-3 MTH T-BILL (BIL) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs BIL
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.34
-0.07
-0.04
-0.02
-0.02
SPY
US Large Cap
0.34
-0.06
-0.04
-0.01
-0.01
IJR
US Small Cap
0.25
-0.15
-0.12
-0.05
-0.05
VNQ
US REITs
0.41
-0.12
-0.10
-0.02
-0.01
QQQ
US Technology
0.12
0.01
0.02
0.00
-0.01
PFF
Preferred Stocks
0.39
-0.04
-0.05
-0.08
-0.08
EFA
EAFE Stocks
0.23
-0.01
0.00
-0.03
-0.04
VT
World All Countries
0.30
-0.06
-0.03
-0.04
-0.04
EEM
Emerging Markets
0.20
-0.05
-0.04
-0.04
-0.03
VGK
Europe
0.19
-0.03
0.00
0.01
0.01
VPL
Pacific
0.26
-0.02
-0.02
-0.09
-0.08
FLLA
Latin America
0.24
-0.05
0.00
-0.01
0.00
BND
US Total Bond Market
0.36
0.12
0.09
0.14
0.15
TLT
Long Term Treasuries
0.31
0.11
0.05
0.05
0.05
TIP
TIPS
0.27
-0.07
-0.04
0.09
0.10
LQD
Invest. Grade Bonds
0.39
0.08
0.06
0.01
0.01
HYG
High Yield Bonds
0.52
0.00
0.01
-0.03
-0.02
CWB
US Convertible Bonds
0.21
-0.11
-0.06
-0.03
-0.02
BNDX
International Bonds
0.37
0.14
0.07
0.06
0.07
EMB
Emerg. Market Bonds
0.36
0.06
0.02
0.07
0.07
GLD
Gold
0.15
0.06
0.09
0.00
0.00
DBC
Commodities
0.13
-0.31
-0.12
0.02
0.02

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

SPDR BLMBG BARCLAYS 1-3 MTH T-BILL (BIL) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-0.42% Nov 2009 Dec 2015 74 Aug 2017 20 94 0.22
-0.28% Oct 2008 Nov 2008 2 May 2009 6 8 0.15
-0.16% Apr 2020 Feb 2022 23 Jul 2022 5 28 0.09
-0.08% Jun 2009 Jul 2009 2 Sep 2009 2 4 0.03
-0.07% Apr 2008 Apr 2008 1 May 2008 1 2 0.04
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 230 1.6 Months 63.71%
 
DD = 0% 63.71%
 
0% < DD <= -5% 131 2.8 Months 36.29%
 
DD <= -5% 100.00%
 
-5% < DD <= -10% 0 - 0.00%
 
DD <= -10% 100.00%
 
-10% < DD <= -15% 0 - 0.00%
 
DD <= -15% 100.00%
 
-15% < DD <= -20% 0 - 0.00%
 
DD <= -20% 100.00%
 
-20% < DD <= -25% 0 - 0.00%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-25.09% Jan 2009 Oct 2022 166 in progress 15 181 13.88
-5.38% Jan 2002 Sep 2005 45 Dec 2008 39 84 2.70
-0.30% Apr 1999 Apr 1999 1 Jun 1999 2 3 0.15
-0.19% May 2001 May 2001 1 Jul 2001 2 3 0.12
-0.18% Jun 2000 Jun 2000 1 Jul 2000 1 2 0.11
-0.12% Mar 2000 Mar 2000 1 Apr 2000 1 2 0.07
-0.11% Sep 2001 Sep 2001 1 Oct 2001 1 2 0.07
-0.09% Jul 1994 Aug 1994 2 Sep 1994 1 3 0.05
-0.09% Jan 1996 Jan 1996 1 Feb 1996 1 2 0.05
-0.07% Feb 1994 Mar 1994 2 Apr 1994 1 3 0.05
-0.04% Jul 1999 Jul 1999 1 Aug 1999 1 2 0.02
-0.03% Jan 2001 Jan 2001 1 Feb 2001 1 2 0.02
-0.03% Sep 1999 Sep 1999 1 Oct 1999 1 2 0.02
-0.01% Sep 2000 Sep 2000 1 Oct 2000 1 2 0.01
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 81 4.5 Months 22.44%
 
DD = 0% 22.44%
 
0% < DD <= -5% 123 2.9 Months 34.07%
 
DD <= -5% 56.51%
 
-5% < DD <= -10% 37 9.8 Months 10.25%
 
DD <= -10% 66.76%
 
-10% < DD <= -15% 81 4.5 Months 22.44%
 
DD <= -15% 89.20%
 
-15% < DD <= -20% 12 30.1 Months 3.32%
 
DD <= -20% 92.52%
 
-20% < DD <= -25% 24 15.0 Months 6.65%
 
DD <= -25% 99.17%
 
-25% < DD <= -30% 3 120.3 Months 0.83%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-0.42% Nov 2009 Dec 2015 74 Aug 2017 20 94 0.22
-0.28% Oct 2008 Nov 2008 2 May 2009 6 8 0.15
-0.16% Apr 2020 Feb 2022 23 Jul 2022 5 28 0.09
-0.08% Jun 2009 Jul 2009 2 Sep 2009 2 4 0.03
-0.07% Apr 2008 Apr 2008 1 May 2008 1 2 0.04
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 1707 1.1 Months 92.87%
 
DD = 0% 92.87%
 
0% < DD <= -5% 131 14.0 Months 7.13%
 
DD <= -5% 100.00%
 
-5% < DD <= -10% 0 - 0.00%
 
DD <= -10% 100.00%
 
-10% < DD <= -15% 0 - 0.00%
 
DD <= -15% 100.00%
 
-15% < DD <= -20% 0 - 0.00%
 
DD <= -20% 100.00%
 
-20% < DD <= -25% 0 - 0.00%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-48.00% Jun 1933 Dec 1951 223 Jun 1999 570 793 32.84
-38.78% Apr 1915 Jun 1920 63 Aug 1926 74 137 18.55
-25.09% Jan 2009 Oct 2022 166 in progress 15 181 13.88
-17.05% Jul 1879 Mar 1880 9 May 1883 38 47 9.17
-13.85% Aug 1897 Feb 1900 31 Oct 1903 44 75 6.85
-8.85% Jul 1892 Feb 1893 8 Jun 1893 4 12 4.77
-8.13% Oct 1908 Apr 1910 19 Oct 1910 6 25 4.69
-6.67% Jul 1911 Apr 1912 10 Feb 1914 22 32 3.73
-5.94% Apr 1895 Jun 1895 3 Jan 1896 7 10 3.29
-5.38% Jan 2002 Sep 2005 45 Dec 2008 39 84 2.70
-5.32% Aug 1906 Jun 1907 11 Nov 1907 5 16 3.97
-5.31% Aug 1876 Jan 1877 6 Mar 1877 2 8 2.68
-5.08% Sep 1871 Apr 1872 8 Oct 1872 6 14 2.87
-4.81% Oct 1896 Nov 1896 2 Apr 1897 5 7 2.53
-4.08% Jul 1886 Feb 1887 8 Jul 1887 5 13 2.20
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 269 6.8 Months 14.64%
 
DD = 0% 14.64%
 
0% < DD <= -5% 448 4.1 Months 24.37%
 
DD <= -5% 39.01%
 
-5% < DD <= -10% 232 7.9 Months 12.62%
 
DD <= -10% 51.63%
 
-10% < DD <= -15% 195 9.4 Months 10.61%
 
DD <= -15% 62.24%
 
-15% < DD <= -20% 64 28.7 Months 3.48%
 
DD <= -20% 65.72%
 
-20% < DD <= -25% 80 23.0 Months 4.35%
 
DD <= -25% 70.08%
 
-25% < DD <= -30% 74 24.8 Months 4.03%
 
DD <= -30% 74.10%
 
-30% < DD <= -35% 71 25.9 Months 3.86%
 
DD <= -35% 77.97%
 
-35% < DD <= -40% 159 11.6 Months 8.65%
 
DD <= -40% 86.62%
 
-40% < DD <= -45% 139 13.2 Months 7.56%
 
DD <= -45% 94.18%
 
-45% < DD <= -50% 107 17.2 Months 5.82%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

SPDR BLMBG BARCLAYS 1-3 MTH T-BILL (BIL) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -0.15 10/2014
09/2015
0.99$ -0.05 0.99$ 1.52 1.01$ 5.13 1.05$ 6.02 02/2000
01/2001
1.06$ 5.09 24.07%
2Y -0.11 11/2013
10/2015
0.99$ -0.04 0.99$ 1.49 1.03$ 4.98 1.10$ 5.41 02/1995
01/1997
1.11$ 3.38 21.07%
3Y -0.10 11/2012
10/2015
0.99$ -0.03 0.99$ 1.45 1.04$ 4.96 1.15$ 5.35 02/1995
01/1998
1.16$ 2.21 19.69%
5Y -0.08 11/2010
10/2015
0.99$ 0.02 1.00$ 1.77 1.09$ 4.30 1.23$ 5.20 04/1996
03/2001
1.28$ 1.77 13.95%
7Y -0.05 10/2008
09/2015
0.99$ 0.16 1.01$ 1.80 1.13$ 3.50 1.27$ 5.16 06/1994
05/2001
1.42$ 1.63 7.94%
10Y 0.16 10/2008
09/2018
1.01$ 0.45 1.04$ 1.50 1.16$ 3.60 1.42$ 4.15 02/1994
01/2004
1.50$ 1.13 0.00%
15Y 0.50 02/2008
01/2023
1.07$ 0.75 1.11$ 1.25 1.20$ 3.05 1.57$ 3.79 02/1994
01/2009
1.74$ 0.75 0.00%
20Y 1.08 08/2002
07/2022
1.23$ 1.15 1.25$ 1.71 1.40$ 2.47 1.62$ 2.82 02/1994
01/2014
1.74$ 1.32 0.00%
30Y 2.26 02/1994
01/2024
1.95$ 2.26 1.95$ 2.26 1.95$ 2.26 1.95$ 2.26 02/1994
01/2024
1.95$ 2.26 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -8.18 07/2021
06/2022
0.91$ -2.15 0.97$ -0.51 0.99$ 2.39 1.02$ 3.76 04/1997
03/1998
1.03$ 1.93 56.16%
2Y -6.65 07/2020
06/2022
0.87$ -2.25 0.95$ -0.58 0.98$ 2.20 1.04$ 3.38 04/1997
03/1999
1.06$ -1.28 60.53%
3Y -4.61 05/2020
04/2023
0.86$ -2.09 0.93$ -0.76 0.97$ 2.22 1.06$ 3.06 04/1996
03/1999
1.09$ -3.27 63.38%
5Y -2.83 07/2017
06/2022
0.86$ -1.74 0.91$ -0.55 0.97$ 1.93 1.10$ 2.73 09/1994
08/1999
1.14$ -2.29 65.45%
7Y -2.41 03/2016
02/2023
0.84$ -1.64 0.89$ -0.51 0.96$ 1.10 1.07$ 2.57 12/1994
11/2001
1.19$ -1.79 67.51%
10Y -2.06 07/2012
06/2022
0.81$ -1.44 0.86$ -0.77 0.92$ 1.01 1.10$ 1.67 02/1994
01/2004
1.17$ -1.61 66.39%
15Y -1.83 11/2007
10/2022
0.75$ -1.39 0.81$ -0.70 0.90$ 0.60 1.09$ 1.26 02/1994
01/2009
1.20$ -1.77 72.93%
20Y -1.39 11/2002
10/2022
0.75$ -1.29 0.77$ -0.45 0.91$ 0.22 1.04$ 0.41 02/1994
01/2014
1.08$ -1.22 72.73%
30Y -0.27 02/1994
01/2024
0.92$ -0.27 0.92$ -0.27 0.92$ -0.27 0.92$ -0.27 02/1994
01/2024
0.92$ -0.27 100.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -0.15 10/2014
09/2015
0.99$ 0.46 1.00$ 4.38 1.04$ 6.11 1.06$ 15.22 12/1980
11/1981
1.15$ 5.09 4.60%
2Y -0.11 11/2013
10/2015
0.99$ 0.56 1.01$ 4.49 1.09$ 6.10 1.12$ 13.49 09/1980
08/1982
1.28$ 3.38 3.91%
3Y -0.10 11/2012
10/2015
0.99$ 0.65 1.01$ 4.45 1.13$ 6.07 1.19$ 12.62 08/1979
07/1982
1.42$ 2.21 3.55%
5Y -0.08 11/2010
10/2015
0.99$ 0.85 1.04$ 4.51 1.24$ 5.97 1.33$ 11.14 11/1979
10/1984
1.69$ 1.77 2.36%
7Y -0.05 10/2008
09/2015
0.99$ 0.76 1.05$ 4.55 1.36$ 5.77 1.48$ 10.49 08/1978
07/1985
2.01$ 1.63 1.25%
10Y 0.16 10/2008
09/2018
1.01$ 0.99 1.10$ 4.62 1.57$ 5.67 1.73$ 9.20 11/1977
10/1987
2.41$ 1.13 0.00%
15Y 0.29 01/1933
12/1947
1.04$ 1.18 1.19$ 4.71 1.99$ 5.67 2.28$ 8.33 11/1976
10/1991
3.32$ 0.75 0.00%
20Y 0.52 01/1932
12/1951
1.10$ 1.45 1.33$ 4.64 2.47$ 6.13 3.28$ 7.73 07/1972
06/1992
4.43$ 1.32 0.00%
30Y 1.10 01/1931
12/1960
1.38$ 1.95 1.78$ 4.73 4.00$ 6.05 5.82$ 6.80 02/1968
01/1998
7.18$ 2.26 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -16.14 04/1946
03/1947
0.83$ -2.56 0.97$ 1.29 1.01$ 7.40 1.07$ 30.87 06/1877
05/1878
1.30$ 1.93 36.69%
2Y -12.09 03/1946
02/1948
0.77$ -2.18 0.95$ 1.39 1.02$ 6.36 1.13$ 20.75 02/1877
01/1879
1.45$ -1.28 34.34%
3Y -10.74 02/1917
01/1920
0.71$ -1.92 0.94$ 1.36 1.04$ 6.16 1.19$ 16.07 07/1882
06/1885
1.56$ -3.27 33.91%
5Y -9.15 07/1915
06/1920
0.61$ -1.57 0.92$ 1.43 1.07$ 6.59 1.37$ 15.11 06/1873
05/1878
2.02$ -2.29 33.58%
7Y -6.80 02/1941
01/1948
0.61$ -1.64 0.89$ 1.58 1.11$ 6.30 1.53$ 13.60 05/1872
04/1879
2.44$ -1.79 32.61%
10Y -5.31 03/1941
02/1951
0.57$ -1.34 0.87$ 1.47 1.15$ 5.79 1.75$ 9.61 07/1882
06/1892
2.50$ -1.61 32.83%
15Y -3.92 06/1933
05/1948
0.54$ -0.90 0.87$ 1.21 1.19$ 4.70 1.99$ 9.31 04/1871
03/1886
3.80$ -1.77 24.49%
20Y -3.14 05/1933
04/1953
0.52$ -0.80 0.85$ 1.30 1.29$ 4.12 2.24$ 8.88 05/1872
04/1892
5.48$ -1.22 20.53%
30Y -1.77 04/1933
03/1963
0.58$ -0.42 0.88$ 1.32 1.48$ 2.93 2.37$ 7.20 04/1871
03/1901
8.04$ -0.27 20.64%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.17
100%
0.12
60%
0.16
80%
0.10
50%
0.12
60%
0.14
75%
0.12
80%
0.17
75%
0.15
80%
0.15
80%
0.17
60%
0.18
100%
Best 0.4
2024
0.3
2023
0.4
2023
0.4
2023
0.4
2023
0.5
2023
0.4
2023
0.5
2023
0.4
2023
0.4
2023
0.5
2023
0.4
2023
Worst 0.0
2021
0.0
2022
0.0
2021
0.0
2020
0.0
2020
0.0
2021
0.0
2021
0.0
2021
0.0
2020
0.0
2021
0.0
2021
0.0
2021
Monthly Seasonality over the period Feb 1871 - Jan 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.12
88%
0.08
75%
0.09
63%
0.07
63%
0.07
63%
0.09
63%
0.08
78%
0.11
86%
0.09
78%
0.10
70%
0.11
67%
0.11
78%
Best 0.4
2024
0.3
2023
0.4
2023
0.4
2023
0.4
2023
0.5
2023
0.4
2023
0.5
2023
0.4
2023
0.4
2023
0.5
2023
0.4
2023
Worst 0.0
2015
0.0
2022
0.0
2014
0.0
2015
0.0
2015
0.0
2016
0.0
2014
0.0
2021
0.0
2015
0.0
2014
0.0
2016
0.0
2015
Monthly Seasonality over the period Feb 1871 - Jan 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.32
99%
0.32
97%
0.33
97%
0.33
96%
0.33
98%
0.32
96%
0.33
97%
0.33
99%
0.33
97%
0.33
96%
0.32
95%
0.33
97%
Best 1.0
1981
1.1
1981
1.2
1980
1.3
1980
1.2
1981
1.3
1981
1.2
1981
1.3
1981
1.2
1981
1.2
1981
1.1
1981
1.3
1980
Worst 0.0
2015
0.0
2022
0.0
2014
-0.1
2008
0.0
2015
0.0
2012
-0.1
2009
0.0
2021
0.0
2015
-0.2
2008
-0.1
2008
0.0
2015
Monthly Seasonality over the period Feb 1871 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the SPDR Blmbg Barclays 1-3 Mth T-Bill (BIL) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

SPDR BLMBG BARCLAYS 1-3 MTH T-BILL (BIL) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
308 Positive Months (86%) - 52 Negative Months (14%)
1785 Positive Months (97%) - 52 Negative Months (3%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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