Which returned more over the last year, BIL or BINC?

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and BINC +0.5%.

Which is cheaper, BIL or BINC?

BIL is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs BINC: Differences, Returns & Fees

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BIL's duration was 0.2 years on Jun 30, 2026 and BINC's 2.9 on Jul 31, 2026; BIL charges 0.14% to BINC's 0.40%.

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Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $16.8bn for iShares Flexible Income Active ETF.

BIL on its own →BINC on its own →

At a glance

+3.7%

BIL total return, 1 year

+0.5%

BINC total return, 1 year

0.14%

BIL expense ratio

0.40%

BINC expense ratio

Pair scorecard

BIL costs 0.26 points a year less; their one-year returns differ by 3.2 points; BIL is 2.9 times larger.

BIL vs BINC: Differences, Returns & Fees
Measure	BIL	BINC
Return
Measure	BIL	BINC
Total return, 1 year	+3.7%	+0.5%
Benchmark
Measure	BIL	BINC
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	No index, actively managed
Cost and size
Measure	BIL	BINC
Expense ratio	0.14%	0.40%
Net assets, as of Oct 27, 2026	$48.7bn	$16.8bn
Holdings
Measure	BIL	BINC
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		24.6%

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jun 2, 2023 to Oct 23, 2026 · 177 weekly returns

BIL BINC

Return

Total return edge BINC +16.2% +21.3%

Annualized edge BINC +4.5% +5.8%

Price return edge BINC (slight) +0.2% +0.2%

Risk

Volatility edge BIL 0.1% 3.1%

Max drawdown edge BIL 0.0% −2.7%

Risk-adjusted

Sharpe edge BINC −1.19 0.37

Sortino edge BINC −1.51 0.57

Reading

BINC returned more: +21.3% to +16.2%. BIL swung less: 0.1% to 3.1%. BIL fell less at its worst: 0.0% to −2.7%.

Full scorecard

8 measures, with how each is measured Open ↓

Risk and return: BIL vs BINC: Differences, Returns & Fees
Measure	BIL	BINC	Edge	How it is measured
Return
Total return	+16.2%	+21.3%	BINC	Price change plus distributions, reinvested.
Annualized	+4.5%	+5.8%	BINC	Total return as a yearly rate.
Price return	+0.2%	+0.2%	BINC (slight)	Price change alone, distributions left out.
Risk
Volatility	0.1%	3.1%	BIL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.1%	2.0%	BIL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	0.0%	−2.7%	BIL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−1.19	0.37	BINC	Return above Treasury bills per unit of volatility.
Sortino	−1.51	0.57	BINC	Return above Treasury bills per unit of downside deviation.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 177 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, BIL and BINC hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL BINC

Only in one fund ↓

Only in BIL

U.S. Treasury Bills, due Aug 6, 2026 12.04%

U.S. Treasury Bills, due Sep 3, 2026 9.04%

U.S. Treasury Bills, due Aug 27, 2026 7.22%

U.S. Treasury Bills, due Sep 17, 2026 7.03%

U.S. Treasury Bills, due Sep 10, 2026 6.98%

U.S. Treasury Bills, due Sep 24, 2026 6.97%

U.S. Treasury Bills, due Aug 13, 2026 6.85%

U.S. Treasury Bills, due Aug 20, 2026 6.49%

Only in BINC

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 6.83%

Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 3.48%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.35%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.57%

iShares iBoxx USD High Yield Corporate Bond ETF 1.46%

Italy Buoni Poliennali Del Tesoro, due Feb 1, 2031 1.32%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.10%

iShares iBoxx USD Investment Grade Corporate Bond ETF 1.06%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF BINC iShares Flexible Income Active ETF

Where it sits Bond ETF Bond ETF

Issuer State Street iShares

What it is Tracks an index of 1-3 month T-bills Actively managed

Total return, 1 year +3.7% +0.5%

Expense ratio 0.14% 0.40%

Holdings 26 4690

Net assets, as of Oct 27, 2026 $48.7bn $16.8bn

BIL and BINC on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-0B1D44625E

BIL and BINC do different jobs. What does each one do in a portfolio?

What each follows. BIL follows Bloomberg 1-3 Month U.S. Treasury Bill Index and BINC follows No index, actively managed.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 BIL returned +3.7% and BINC +0.5% with distributions reinvested, a gap of 3.2 points.

Data as of Oct 28, 2026.

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About each fund

BIL

BIL tracks an index of 1-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

BINC

BINC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.40% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,690 positions, with the top ten at 24.6%.

Questions people ask

Which returned more over the last year, BIL or BINC?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and BINC +0.5%.
Which is cheaper, BIL or BINC?: BIL is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs IEI BIL vs USFR BIL vs SCHP BIL vs MINT BINC vs SHV BINC vs PULS BINC vs USFR BINC vs MINT

Where to next

BIL on its own →BINC on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →BINC dividend history →BINC holdings →Standards and sources →

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

BINC filings on SEC EDGAR ↗

BINC prospectus with the expense ratio (SEC) ↗

iShares page for BINC ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, BIL against BINC, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-binc

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.