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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and GARP +18.0%.

Which is cheaper, BIL or GARP?

BIL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs GARP: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, BIL returned +3.7% to GARP's +18.0%; 0% of their weight is in the same names.

askIQ about this page

askIQ about BIL and GARP

Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $3.6bn for iShares MSCI USA Quality GARP ETF.

BIL on its own →GARP on its own →

At a glance

+3.7%

BIL total return, 1 year

+18.0%

GARP total return, 1 year

0.14%

BIL expense ratio

0.15%

GARP expense ratio

Pair scorecard

BIL costs 0.01 points a year less; their one-year returns differ by 14.3 points; BIL is 13.5 times larger.

BIL vs GARP: Differences, Returns & Fees
Measure	BIL	GARP
Return
Measure	BIL	GARP
Total return, 1 year	+3.7%	+18.0%
Drawdown
Measure	BIL	GARP
Below its high		7.0%, high on Oct 6, 2026
Benchmark
Measure	BIL	GARP
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	MSCI USA Quality GARP Select Index
Cost and size
Measure	BIL	GARP
Expense ratio	0.14%	0.15%
Net assets, as of Oct 27, 2026	$48.7bn	$3.6bn
Holdings
Measure	BIL	GARP
Holdings in common	0%
In the S&P 500, by weight		94%
Top ten holdings, share of the fund		43.5%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, BIL and GARP hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL GARP

Only in one fund ↓

Only in BIL

TREASURY BILL 12/26 0.00000 7.94%

TREASURY BILL 12/26 0.00000 6.66%

TREASURY BILL 12/26 0.00000 6.46%

TREASURY BILL 12/26 0.00000 6.40%

TREASURY BILL 12/26 0.00000 6.39%

TREASURY BILL 11/26 0.00000 6.26%

TREASURY BILL 12/26 0.00000 6.21%

TREASURY BILL 11/26 0.00000 4.85%

Only in GARP

MICROSOFT 5.67%

APPLE 5.66%

NVIDIA 5.18%

VISA CLASS A 5.13%

META PLATFORMS CLASS A 4.72%

MICRON TECHNOLOGY 4.61%

LAM RESEARCH 3.31%

CATERPILLAR INC 3.29%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF GARP iShares MSCI USA Quality GARP ETF

Where it sits Bond ETF Stock ETF

Issuer State Street iShares

What it is Tracks an index of 1-3 month T-bills Tracks the MSCI USA Quality GARP

Total return, 1 year +3.7% +18.0%

Its benchmark over the same days not measured +13.3% (PBUS)

Gap to its benchmark not measured +4.7 pts vs PBUS

Expense ratio 0.14% 0.15%

Holdings 26 131

Net assets, as of Oct 27, 2026 $48.7bn $3.6bn

BIL and GARP 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.

GARP

GARP tracks the MSCI USA Quality GARP. Over the year to Oct 28, 2026 it returned +18.0% with distributions reinvested, against +13.3% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 94% of the fund by weight is stocks the S&P 500 also holds, across 131 positions, with the top ten at 43.5%. It sat 7.0% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or GARP?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and GARP +18.0%.
Which is cheaper, BIL or GARP?: BIL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs FBCG BIL vs VONG BIL vs SPYG BIL vs SCHG GARP vs SHV GARP vs PULS GARP vs USFR GARP vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

GARP filings on SEC EDGAR ↗

GARP prospectus with the expense ratio (SEC) ↗

iShares page for GARP ↗

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

Open data →

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