Data as of Oct 28, 2026.
BIL vs HDV: Differences, Returns & Fees
Over the year to Oct 28, 2026, BIL returned +3.7% to HDV's +29.4%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $15.9bn for iShares Core High Dividend ETF.
Pair scorecard
HDV costs 0.06 points a year less; their one-year returns differ by 25.7 points; BIL is 3.1 times larger.
| Measure | BIL | HDV |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +29.4% |
| Benchmark | ||
| What it tracks | Bloomberg 1-3 Month U.S. Treasury Bill Index | Morningstar Dividend Yield Focus Index |
| Cost and size | ||
| Expense ratio | 0.14% | 0.08% |
| Net assets, as of Oct 27, 2026 | $48.7bn | $15.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 90% | |
| Top ten holdings, share of the fund | 55.6% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Apr 8, 2011 to Oct 23, 2026 · 811 weekly returnsHDV returned more: +414.1% to +25.5%. BIL swung less: 0.3% to 13.9%. BIL fell less at its worst: −0.4% to −33.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BIL | HDV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +25.5% | +414.1% | HDV | Price change plus distributions, reinvested. |
| Annualized | +1.5% | +11.1% | HDV | Total return as a yearly rate. |
| Price return | −0.1% | +197.8% | HDV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 13.9% | BIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 9.8% | BIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.4% | −33.4% | BIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.67 | 0.71 | HDV | Return above Treasury bills per unit of volatility. |
| Sortino | −0.97 | 1.00 | HDV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.40 | 0.33 | BIL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 811 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BIL and HDV 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 HDV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BIL and HDV 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 HDV follows Morningstar Dividend Yield Focus 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 HDV +29.4% with distributions reinvested, a gap of 25.7 points.
Data as of Oct 28, 2026.
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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.
HDV
HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.
Questions people ask
- Which returned more over the last year, BIL or HDV?
- In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and HDV +29.4%.
- Which is cheaper, BIL or HDV?
- HDV is cheaper, by 0.06 percentage points a year. That is about $6 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.
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ETFIQ, BIL against HDV, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-hdv
ETFIQ. (Oct 28, 2026). BIL against HDV. Retrieved from https://etfiq.com/compare/any/bil-vs-hdv
[BIL against HDV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bil-vs-hdv)
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