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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and GLDM +2.8%.

Which is cheaper, BIL or GLDM?

GLDM is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

BIL vs GLDM: Differences, Returns & Fees

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BIL is a short-term Treasury fund and GLDM a commodity fund, and over the year to Oct 28, 2026, BIL returned +3.7% against +2.8%.

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Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $30.6bn for SPDR Gold MiniShares Trust.

BIL on its own →GLDM on its own →

At a glance

+3.7%

BIL total return, 1 year

+2.8%

GLDM total return, 1 year

0.14%

BIL expense ratio

0.10%

GLDM expense ratio

Pair scorecard

GLDM costs 0.04 points a year less; their one-year returns differ by 0.9 points; BIL is 1.6 times larger.

BIL vs GLDM: Differences, Returns & Fees
Measure	BIL	GLDM
Return
Measure	BIL	GLDM
Total return, 1 year	+3.7%	+2.8%
Drawdown
Measure	BIL	GLDM
Below its high		24.5%, high on Jan 29, 2026
Benchmark
Measure	BIL	GLDM
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Gold
Cost and size
Measure	BIL	GLDM
Expense ratio	0.14%	0.10%
Net assets, as of Oct 27, 2026	$48.7bn	$30.6bn
Holdings
Measure	BIL	GLDM
Holdings in common	not published

Method

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF GLDM SPDR Gold MiniShares Trust

Where it sits Bond ETF Commodity ETF

Issuer State Street State Street

What it is Tracks an index of 1-3 month T-bills Holds gold

Total return, 1 year +3.7% +2.8%

Its benchmark over the same days not measured +2.5% (GLD)

Gap to its benchmark not measured +0.3 pts vs GLD

Expense ratio 0.14% 0.10%

Holdings 26 not counted

Net assets, as of Oct 27, 2026 $48.7bn $30.6bn

BIL and GLDM 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.

GLDM

Its expense ratio is 0.10% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLDM holds gold. Over the year to Oct 28, 2026 it returned +2.8% with distributions reinvested, against +2.5% for its benchmark, the price of gold. It sat 24.5% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or GLDM?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and GLDM +2.8%.
Which is cheaper, BIL or GLDM?: GLDM is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BIL vs GLD BIL vs IAU BIL vs SIVR BIL vs USO GLDM vs SHV GLDM vs PULS GLDM vs USFR GLDM vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

Cite this pageCitation, APA and Markdown

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

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