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DASHBOARDS: Portfolio Hub Market Pulse Performance Compare Studio

BIL

SPDR Bloomberg 1-3 Month T-bill ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-08-29
Executive Summary
The quantitative backtest for BIL (SPDR Bloomberg 1-3 Month T-bill ETF) using the Excess Return MMA* strategy in a Trading context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -1.4% (compared to the benchmark's drawdown of -0.8%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 1.3%, compared to a Buy-and-Hold benchmark return of 1.3%. The strategy executed 85 total trades.

* Excess Return MMA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility.

🛡️ BIL Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →
Peak Drawdown Defense
-1.4% (vs -0.8% B&H)
-0.6% shallower drawdown
Sortino Ratio
1.85
vs 2.36 B&H
Capital Sheltered from Risk
74.4% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 BIL Quality Metrics & KPI Summary

Metric 1Y5Y10YFull
StrategyB&HStrategyB&HStrategyB&HStrategyB&H
Max Drawdown-0.03%-0.01%-0.04%-0.08%-0.09%-0.21%-1.36%-0.78%
Sharpe Ratio22.6418.7018.4613.7513.318.823.642.74
Sortino Ratio26.3422819.6222.7747.5316.9020.061.852.36
CAGR3.52%3.72%3.60%3.59%2.31%2.27%1.28%1.30%
% Time Invested64.7%100.0%50.3%100.0%33.7%100.0%25.6%100.0%
Trades / Year5.00.05.00.03.50.04.50.0

Cumulative Growth Performance

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Hydrating Performance Trajectory... Loading historical performance data
Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of BIL under the Excess Return MMA strategy (Trading) versus Buy & Hold. The strategy produced a 1.3% CAGR with a -1.4% Max Drawdown across 85 trade signals (compared to Buy & Hold's 1.3% CAGR and -0.8% Max Drawdown).

Return Distribution Analysis

Histogram of monthly return distribution for BIL under Excess Return MMA strategy in Trading context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for BIL under Excess Return MMA (Trading). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.
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Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset Category 1Y Correlation (r) Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry DateExit DateTypeAllocationEntry PriceExit PriceNet Return %Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden
Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription.
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2025-07-07 2026-05-07 Completed 33.33% $87.82 $90.63 3.16% Signal
2026-02-04 2026-03-05 Interest (CASH) 33.33% $1.00 $1.00 0.29% Interest Income
2025-12-05 2026-02-20 Completed 33.33% $89.33 $90.00 0.69% Signal
2025-11-11 2026-02-04 Completed 33.33% $89.08 $89.83 0.79% Signal
2025-11-05 2025-12-05 Interest (CASH) 33.33% $1.00 $1.00 0.32% Interest Income
2025-10-17 2025-11-11 Interest (CASH) 33.33% $1.00 $1.00 0.26% Interest Income
2025-09-09 2025-11-05 Completed 33.33% $88.48 $89.03 0.57% Signal
2025-09-03 2025-10-17 Completed 33.33% $88.41 $88.86 0.45% Signal
2025-08-15 2025-09-09 Interest (CASH) 33.33% $1.00 $1.00 0.26% Interest Income
2025-08-06 2025-09-03 Interest (CASH) 33.33% $1.00 $1.00 0.32% Interest Income
2025-07-07 2025-08-15 Completed 33.33% $87.82 $88.24 0.43% Signal
2025-07-07 2025-08-06 Completed 33.33% $87.82 $88.12 0.30% Signal
2025-05-30 2025-07-07 Interest (CASH) 33.33% $1.00 $1.00 0.41% Interest Income
2025-03-21 2025-07-07 Interest (CASH) 33.33% $1.00 $1.01 1.23% Interest Income
2025-03-20 2025-07-07 Interest (CASH) 33.33% $1.00 $1.01 1.25% Interest Income
2024-06-07 2025-05-30 Completed 33.33% $83.61 $87.45 4.54% Signal
2024-12-16 2025-03-21 Completed 33.33% $85.82 $86.77 1.06% Signal
2025-03-17 2025-03-20 Completed 33.33% $86.72 $86.73 -0.03% Signal
2025-02-21 2025-03-17 Interest (CASH) 33.33% $1.00 $1.00 0.27% Interest Income
2024-12-24 2025-02-21 Completed 33.33% $85.90 $86.49 0.64% Signal
2024-12-02 2024-12-24 Interest (CASH) 33.33% $1.00 $1.00 0.27% Interest Income
2024-11-21 2024-12-16 Interest (CASH) 33.33% $1.00 $1.00 0.28% Interest Income
2024-11-26 2024-12-02 Completed 33.33% $85.58 $85.65 0.03% Signal
2024-10-25 2024-11-26 Interest (CASH) 33.33% $1.00 $1.00 0.40% Interest Income
2024-09-24 2024-11-21 Completed 33.33% $84.92 $85.55 0.68% Signal
2024-09-11 2024-10-25 Completed 33.33% $84.75 $85.26 0.55% Signal
2024-08-30 2024-09-24 Interest (CASH) 33.33% $1.00 $1.00 0.31% Interest Income
2024-08-02 2024-09-11 Interest (CASH) 33.33% $1.00 $1.01 0.55% Interest Income
2024-04-15 2024-08-30 Completed 33.33% $82.96 $84.63 1.96% Signal
2024-05-22 2024-08-02 Completed 33.33% $83.41 $84.29 1.00% Signal
2024-05-09 2024-06-07 Interest (CASH) 33.33% $1.00 $1.00 0.42% Interest Income
2024-04-25 2024-05-22 Interest (CASH) 33.33% $1.00 $1.00 0.40% Interest Income
2023-03-03 2024-05-09 Completed 33.33% $78.41 $83.27 6.15% Signal
2024-04-15 2024-04-25 Completed 33.33% $82.96 $83.11 0.14% Signal
2024-03-15 2024-04-15 Interest (CASH) 33.33% $1.00 $1.00 0.42% Interest Income
2024-03-07 2024-04-15 Interest (CASH) 33.33% $1.00 $1.01 0.55% Interest Income
2024-03-13 2024-03-15 Completed 33.33% $82.58 $82.63 0.00% Signal
2024-02-14 2024-03-13 Interest (CASH) 33.33% $1.00 $1.00 0.40% Interest Income
2023-03-03 2024-03-07 Completed 33.33% $78.41 $82.54 5.21% Signal
2024-01-09 2024-02-14 Completed 33.33% $81.83 $82.25 0.46% Signal
2023-12-14 2024-01-09 Interest (CASH) 33.33% $1.00 $1.00 0.34% Interest Income
2023-08-17 2023-12-14 Completed 33.33% $80.16 $81.54 1.67% Signal
2023-07-19 2023-08-17 Interest (CASH) 33.33% $1.00 $1.00 0.45% Interest Income
2023-05-12 2023-07-19 Completed 33.33% $79.10 $79.81 0.84% Signal
2023-04-14 2023-05-12 Interest (CASH) 33.33% $1.00 $1.00 0.40% Interest Income
2023-03-03 2023-04-14 Completed 33.33% $78.41 $78.84 0.50% Signal
2020-08-27 2023-03-03 Interest (CASH) 33.33% $1.00 $1.03 2.93% Interest Income
2020-05-18 2023-03-03 Interest (CASH) 33.33% $1.00 $1.03 2.97% Interest Income
2020-04-23 2023-03-03 Interest (CASH) 33.33% $1.00 $1.03 2.98% Interest Income
2019-05-08 2020-08-27 Completed 33.33% $75.63 $76.88 1.61% Signal
2020-03-05 2020-05-18 Completed 33.33% $76.84 $76.88 0.01% Signal
2020-03-05 2020-04-23 Completed 33.33% $76.84 $76.90 0.03% Signal
2019-12-11 2020-03-05 Interest (CASH) 33.33% $1.00 $1.00 0.34% Interest Income
2019-11-20 2020-03-05 Interest (CASH) 33.33% $1.00 $1.00 0.43% Interest Income
2019-10-18 2019-12-11 Completed 33.33% $76.34 $76.52 0.18% Signal
2019-10-04 2019-11-20 Completed 33.33% $76.29 $76.45 0.16% Signal
2019-09-26 2019-10-18 Interest (CASH) 33.33% $1.00 $1.00 0.11% Interest Income
2019-08-29 2019-10-04 Interest (CASH) 33.33% $1.00 $1.00 0.19% Interest Income
2019-05-08 2019-09-26 Completed 33.33% $75.63 $76.26 0.79% Signal
2019-08-22 2019-08-29 Completed 33.33% $76.12 $76.15 -0.02% Signal
2019-07-31 2019-08-22 Interest (CASH) 33.33% $1.00 $1.00 0.13% Interest Income
2019-05-08 2019-07-31 Completed 33.33% $75.63 $76.03 0.48% Signal
2017-08-29 2019-05-08 Interest (CASH) 33.33% $1.00 $1.03 3.23% Interest Income
2016-05-17 2019-05-08 Interest (CASH) 33.33% $1.00 $1.04 4.02% Interest Income
2009-06-15 2019-05-08 Interest (CASH) 33.33% $1.00 $1.05 4.63% Interest Income
2017-08-25 2017-08-29 Completed 33.33% $73.53 $73.55 -0.03% Signal
2016-09-29 2017-08-25 Interest (CASH) 33.33% $1.00 $1.01 0.65% Interest Income
2016-09-23 2016-09-29 Completed 33.33% $73.26 $73.24 -0.07% Signal
2016-08-01 2016-09-23 Interest (CASH) 33.33% $1.00 $1.00 0.05% Interest Income
2016-07-28 2016-08-01 Completed 33.33% $73.23 $73.23 -0.05% Signal
2016-05-16 2016-07-28 Interest (CASH) 33.33% $1.00 $1.00 0.06% Interest Income
2016-05-09 2016-05-17 Completed 33.33% $73.23 $73.21 -0.07% Signal
2016-04-20 2016-05-16 Completed 33.33% $73.21 $73.20 -0.07% Signal
2012-11-26 2016-05-09 Interest (CASH) 33.33% $1.00 $1.00 0.24% Interest Income
2015-03-31 2016-04-20 Interest (CASH) 33.33% $1.00 $1.00 0.13% Interest Income
2015-03-27 2015-03-31 Completed 33.33% $73.24 $73.23 -0.07% Signal
2014-07-16 2015-03-27 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2014-07-03 2014-07-16 Completed 33.33% $73.31 $73.29 -0.07% Signal
2014-03-13 2014-07-03 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2014-03-11 2014-03-13 Completed 33.33% $73.32 $73.32 -0.05% Signal
2013-12-26 2014-03-11 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2013-12-20 2013-12-26 Completed 33.33% $73.36 $73.36 -0.05% Signal
2013-08-29 2013-12-20 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2013-08-26 2013-08-29 Completed 33.33% $73.36 $73.37 -0.03% Signal
2013-06-20 2013-08-26 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2013-06-07 2013-06-20 Completed 33.33% $73.36 $73.39 -0.01% Signal
2013-04-29 2013-06-07 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2013-04-24 2013-04-29 Completed 33.33% $73.39 $73.39 -0.05% Signal
2013-03-07 2013-04-24 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2013-02-27 2013-03-07 Completed 33.33% $73.37 $73.37 -0.05% Signal
2012-11-08 2013-02-27 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2012-11-21 2012-11-26 Completed 33.33% $73.39 $73.39 -0.05% Signal
2011-08-26 2012-11-21 Interest (CASH) 33.33% $1.00 $1.00 0.08% Interest Income
2012-11-05 2012-11-08 Completed 33.33% $73.39 $73.40 -0.03% Signal
2012-08-22 2012-11-05 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2012-08-14 2012-08-22 Completed 33.33% $73.39 $73.39 -0.05% Signal
2012-05-29 2012-08-14 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2012-05-11 2012-05-29 Completed 33.33% $73.42 $73.42 -0.05% Signal
2012-04-04 2012-05-11 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2012-04-02 2012-04-04 Completed 33.33% $73.40 $73.40 -0.05% Signal
2011-12-08 2012-04-02 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2011-11-28 2011-12-08 Completed 33.33% $73.43 $73.43 -0.05% Signal
2011-08-26 2011-11-28 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2011-08-17 2011-08-26 Completed 33.33% $73.47 $73.47 -0.05% Signal
2011-08-04 2011-08-26 Completed 33.33% $73.47 $73.47 -0.05% Signal
2011-06-22 2011-08-17 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2011-06-08 2011-08-04 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2011-06-01 2011-06-22 Completed 33.33% $73.45 $73.45 -0.05% Signal
2011-05-11 2011-06-08 Completed 33.33% $73.47 $73.45 -0.07% Signal
2010-07-12 2011-06-01 Interest (CASH) 33.33% $1.00 $1.00 0.11% Interest Income
2011-03-29 2011-05-11 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2011-03-18 2011-03-29 Completed 33.33% $73.47 $73.47 -0.05% Signal
2010-09-21 2011-03-18 Interest (CASH) 33.33% $1.00 $1.00 0.07% Interest Income
2010-09-02 2010-09-21 Completed 33.33% $73.45 $73.47 -0.03% Signal
2010-06-23 2010-09-02 Interest (CASH) 33.33% $1.00 $1.00 0.03% Interest Income
2010-05-27 2010-07-12 Completed 33.33% $73.47 $73.47 -0.05% Signal
2010-05-18 2010-06-23 Completed 33.33% $73.47 $73.45 -0.07% Signal
2010-03-11 2010-05-27 Interest (CASH) 33.33% $1.00 $1.00 0.03% Interest Income
2010-03-04 2010-05-18 Interest (CASH) 33.33% $1.00 $1.00 0.03% Interest Income
2010-02-02 2010-03-11 Completed 33.33% $73.47 $73.45 -0.07% Signal
2010-02-23 2010-03-04 Completed 33.33% $73.47 $73.45 -0.07% Signal
2010-01-29 2010-02-23 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2009-10-16 2010-02-02 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2010-01-27 2010-01-29 Completed 33.33% $73.43 $73.47 -0.01% Signal
2009-11-13 2010-01-27 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2009-11-11 2009-11-13 Completed 33.33% $73.46 $73.44 -0.07% Signal
2009-10-02 2009-11-11 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2009-10-02 2009-10-16 Completed 33.33% $73.46 $73.44 -0.07% Signal
2009-09-08 2009-10-02 Completed 33.33% $73.45 $73.46 -0.05% Signal
2009-08-04 2009-10-02 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2009-07-24 2009-09-08 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2009-06-26 2009-08-04 Completed 33.33% $73.46 $73.45 -0.07% Signal
2009-06-17 2009-07-24 Completed 33.33% $73.48 $73.45 -0.09% Signal
2009-06-04 2009-06-26 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2009-05-06 2009-06-17 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2009-04-14 2009-06-15 Completed 33.33% $73.42 $73.45 -0.01% Signal
2009-06-02 2009-06-04 Completed 33.33% $73.43 $73.45 -0.03% Signal
2009-04-01 2009-06-02 Interest (CASH) 33.33% $1.00 $1.00 0.03% Interest Income
2009-05-04 2009-05-06 Completed 33.33% $73.44 $73.39 -0.12% Signal
2009-04-02 2009-05-04 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2009-03-13 2009-04-14 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2009-03-23 2009-04-02 Completed 33.33% $73.45 $73.42 -0.10% Signal
2009-02-13 2009-04-01 Completed 33.33% $73.38 $73.43 0.03% Signal
2009-02-27 2009-03-23 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2008-09-16 2009-03-13 Completed 33.33% $73.16 $73.42 0.30% Signal
2009-01-27 2009-02-27 Completed 33.33% $73.44 $73.41 -0.10% Signal
2009-01-08 2009-02-13 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2008-12-19 2009-01-27 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2008-12-15 2009-01-08 Completed 33.33% $73.38 $73.35 -0.10% Signal
2008-11-20 2008-12-19 Completed 33.33% $73.48 $73.40 -0.17% Signal
2008-11-20 2008-12-15 Interest (CASH) 33.33% $1.00 $1.00 0.00% Interest Income
2008-10-28 2008-11-20 Interest (CASH) 33.33% $1.00 $1.00 0.02% Interest Income
2008-09-22 2008-11-20 Completed 33.33% $73.09 $73.48 0.50% Signal
2008-09-11 2008-10-28 Completed 33.33% $73.18 $73.41 0.26% Signal
2008-08-28 2008-09-22 Interest (CASH) 33.33% $1.00 $1.00 0.08% Interest Income
2008-06-26 2008-09-16 Interest (CASH) 33.33% $1.00 $1.00 0.37% Interest Income
2008-08-12 2008-09-11 Interest (CASH) 33.33% $1.00 $1.00 0.14% Interest Income
2008-07-07 2008-08-28 Completed 33.33% $72.93 $73.13 0.22% Signal
2008-06-19 2008-08-12 Completed 33.33% $72.89 $73.06 0.19% Signal
2008-05-07 2008-07-07 Interest (CASH) 33.33% $1.00 $1.00 0.30% Interest Income
2007-12-07 2008-06-26 Completed 33.33% $71.95 $72.93 1.31% Signal
2008-04-22 2008-06-19 Interest (CASH) 33.33% $1.00 $1.00 0.28% Interest Income
2007-12-07 2008-05-07 Completed 33.33% $71.95 $72.70 0.99% Signal
2008-02-05 2008-04-22 Completed 33.33% $72.43 $72.68 0.29% Signal
2008-01-11 2008-02-05 Interest (CASH) 33.33% $1.00 $1.00 0.16% Interest Income
2007-12-07 2008-01-11 Completed 33.33% $71.95 $72.19 0.28% Signal
2007-12-05 2007-12-07 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2007-12-05 2007-12-07 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income
2007-12-05 2007-12-07 Interest (CASH) 33.33% $1.00 $1.00 0.01% Interest Income