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BlackRock USD Institutional Digital Liquidity Fund vs Spiko EU T-Bills Money Market Fund

BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is 3.9× the size of Spiko EU T-Bills Money Market Fund (EUTBL) by market capitalisation. Over the past 30 days, BUIDL is ahead by 3.3 percentage points (BUIDL +0.0% against EUTBL -3.3%). Both have run at a similar volatility, around 4% annualised.

Size ratio
3.9×
Ahead over 30 days
BUIDL
BlackRock USD Institutional Digital Liquidity FundBUIDL

$1.0000

24h
+0.00%
Market cap
$1.90B
Volume 24h
—
Volatility (ann.)
0%
Spiko EU T-Bills Money Market FundEUTBL

$1.2000

24h
+0.14%
Market cap
$482.73M
Volume 24h
—
Volatility (ann.)
9%
BUIDL 79.7%Share of the two combined market caps20.3% EUTBL

Performance

BUIDLEUTBL

  1. 7 days+0.00%+0.85%EUTBL
  2. 30 days+0.00%-3.25%BUIDL

Risk & extremes

MetricBUIDLEUTBL
Max drawdown (400d)0.0%-4.8%
Risk-adjusted return (90d)—-0.29

Relative strength over 90 days: BUIDL outperformed EUTBL by 2.5% — measured on the BUIDL/EUTBL ratio, so it holds regardless of market direction.

BlackRock USD Institutional Digital Liquidity Fund →Spiko EU T-Bills Money Market Fund →