BIL vs CLIP: Differences, Returns & Fees
BIL's duration was 0.2 years on Jun 30, 2026 and CLIP's 0.1 on May 31, 2026; CLIP charges 0.07% to BIL's 0.14%. Net assets: $51.1bn on Oct 20, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $2.3bn on Oct 12, 2026 for Global X 1-3 Month T-Bill ETF.
CLIP costs 0.07 points a year less; both returned +3.7% over a year; BIL is far larger, $51.0bn against $2.3bn.
| BIL | CLIP | |
|---|---|---|
| Expense ratio | 0.14% | 0.07% |
| Net assets, as of Oct 12, 2026 | $51.0bn | $2.3bn |
| Total return, 1 year | +3.7% | +3.7% |
| What it tracks | 1-3 month T-bills | Solactive 1-3 month US T-Bill Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
BIL and CLIP are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BIL follows 1-3 month T-bills and CLIP follows Solactive 1-3 month US T-Bill Index.
- Size. BIL has $51.0bn in net assets and CLIP $2.3bn (net assets, as of Oct 12, 2026); BIL is 22.2 times larger.
- One-year total return (similar). Over 1 year to Oct 20, 2026 BIL returned +3.7% and CLIP +3.7% with distributions reinvested, a gap of 0.0 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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On the same fields
BIL and CLIP on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About BIL
BIL tracks an index of 1-3 month T-bills. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.
About CLIP
CLIP tracks an index. The prospectus expense ratio is 0.07% a year.
Questions people ask
- Which returned more over the last year, BIL or CLIP?
- In the year to Oct 20, 2026, with distributions reinvested, BIL returned +3.7% and CLIP +3.7%.
- Which is cheaper, BIL or CLIP?
- CLIP is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, BIL against CLIP, data as of Oct 20, 2026. https://etfiq.com/compare/any/bil-vs-clip
ETFIQ. (Oct 20, 2026). BIL against CLIP. Retrieved from https://etfiq.com/compare/any/bil-vs-clip
[BIL against CLIP (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/bil-vs-clip)
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