Data as of Oct 28, 2026.
BIL vs EFA: Differences, Returns & Fees
Over the year to Oct 28, 2026, BIL returned +3.7% to EFA's +12.1%; 0% of their weight is in the same names.
askIQ about this page
askIQ about BIL and EFA
Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $76.8bn for iShares MSCI EAFE ETF.
Pair scorecard
BIL costs 0.18 points a year less; their one-year returns differ by 8.4 points; EFA is 1.6 times larger.
| Measure | BIL | EFA |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +12.1% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 25, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg 1-3 Month U.S. Treasury Bill Index | MSCI EAFE Index |
| Cost and size | ||
| Expense ratio | 0.14% | 0.32% |
| Net assets, as of Oct 27, 2026 | $48.7bn | $76.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 14.3% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 8, 2007 to Oct 23, 2026 · 1,011 weekly returnsEFA returned more: +130.5% to +30.9%. BIL swung less: 0.4% to 19.5%. BIL fell less at its worst: −0.5% to −59.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BIL | EFA | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +30.9% | +130.5% | EFA | Price change plus distributions, reinvested. |
| Annualized | +1.4% | +4.4% | EFA | Total return as a yearly rate. |
| Price return | −0.1% | +28.8% | EFA | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.4% | 19.5% | BIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.3% | 14.3% | BIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.5% | −59.4% | BIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.40 | 0.24 | EFA | Return above Treasury bills per unit of volatility. |
| Sortino | −0.57 | 0.33 | EFA | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.00 | 0.07 | BIL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,011 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BIL and EFA hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BIL and EFA on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BIL and EFA 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 EFA follows MSCI EAFE Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BIL returned +3.7% and EFA +12.1% with distributions reinvested, a gap of 8.4 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
EFA
EFA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +12.1% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.32% 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 665 positions, with the top ten at 14.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BIL or EFA?
- In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and EFA +12.1%.
- Which is cheaper, BIL or EFA?
- BIL is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
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 EFA, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-efa
ETFIQ. (Oct 28, 2026). BIL against EFA. Retrieved from https://etfiq.com/compare/any/bil-vs-efa
[BIL against EFA (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bil-vs-efa)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.