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SPIP vs BILS

State Street SPDR Portfolio TIPS ETF vs State Street SPDR Bloomberg 3-12 Month T-Bill ETF

SPIP

State Street SPDR Portfolio TIPS ETF

Annual cost

0.12%

Fund size

$1.0B

BILS

State Street SPDR Bloomberg 3-12 Month T-Bill ETF

Annual cost

0.14%

Fund size

$3.9B

Key differences

Both SPIP and BILS are fixed income ETFs. SPIP charges 0.12% a year and BILS 0.14%. The main difference: BILS is much larger than SPIP. Larger funds are usually more liquid and less likely to close.

  • BILS is much larger than SPIP. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, BILS has delivered higher annualized returns.
  • SPIP has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

SPIPBILS
Annual cost (TER)0.12%0.14%
Fund size (AUM)$1.0B$3.9B
Since20072020
Dividend yield3.83%3.85%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+4.8%+3.9%
CAGR 3Y+3.6%+4.7%
CAGR 5Y+0.9%+3.3%
Sharpe 3Y0.023.82
Volatility 1Y3.57%0.23%
Max drawdown-15.38%-0.41%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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