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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and EMB −0.4%.

Which is cheaper, BIL or EMB?

BIL is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs EMB: Differences, Returns & Fees

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BIL's duration was 0.2 years on Jun 30, 2026 and EMB's 6.5 on Jul 31, 2026; BIL charges 0.14% to EMB's 0.39%.

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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $13.2bn on Oct 28, 2026 for iShares J.P. Morgan USD Emerging Markets Bond ETF.

BIL on its own →EMB on its own →

At a glance

+3.7%

BIL total return, 1 year

−0.4%

EMB total return, 1 year

0.14%

BIL expense ratio

0.39%

EMB expense ratio

Pair scorecard

BIL costs 0.25 points a year less; their one-year returns differ by 4.1 points; BIL is 3.7 times larger.

BIL vs EMB: Differences, Returns & Fees
Measure	BIL	EMB
Return
Measure	BIL	EMB
Total return, 1 year	+3.7%	−0.4%
Drawdown
Measure	BIL	EMB
Below its high		3.5%, high on Jun 29, 2026
Benchmark
Measure	BIL	EMB
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	J.P. Morgan EMBI Global Core Index
Cost and size
Measure	BIL	EMB
Expense ratio	0.14%	0.39%
Net assets, as of Oct 27, 2026	$48.7bn	$13.2bn
Holdings
Measure	BIL	EMB
Holdings in common	0%

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

What they share

By the books each fund has filed, BIL and EMB 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 EMB

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 EMB

Argentina Republic Government International Bonds, due Jul 9, 2035 1.21%

Ecuador Government International Bonds, due Jul 31, 2035 0.78%

Argentina Republic Government International Bonds, due Jan 9, 2038 0.70%

Argentina Republic Government International Bonds, due Jul 9, 2030 0.65%

Argentina Republic Government International Bonds, due Jul 9, 2041 0.57%

Ghana Government International Bonds, due Jul 3, 2035 0.55%

Uruguay Government International Bonds, due Jun 18, 2050 0.51%

Eagle Funding Luxco Sarl, due Aug 17, 2030 0.50%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF EMB iShares J.P. Morgan USD Emerging Markets Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street iShares

What it is Tracks an index of 1-3 month T-bills Tracks the J.P. Morgan USD Emerging Markets Bond

Total return, 1 year +3.7% −0.4%

Expense ratio 0.14% 0.39%

Holdings 26 622

Net assets, BIL as of Oct 27, 2026 and EMB as of Oct 28, 2026 $48.7bn $13.2bn

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

Alert

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.

EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or EMB?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and EMB −0.4%.
Which is cheaper, BIL or EMB?: BIL is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs TIP BIL vs PFF BIL vs BINC BIL vs HYG EMB vs SHV EMB vs PULS EMB vs USFR EMB vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

EMB filings on SEC EDGAR ↗

EMB prospectus with the expense ratio (SEC) ↗

iShares page for EMB ↗

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 EMB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-emb

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