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BIL vs ICSH: Differences, Returns & Fees

BIL's duration was 0.2 years on Jun 30, 2026 and ICSH's 0.7 on Jul 31, 2026; ICSH charges 0.08% to BIL's 0.14%. Net assets on Oct 20, 2026: $51.1bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $9.0bn for iShares Ultra Short Duration Bond Active ETF.

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Answers cite the figures on this page.

ICSH costs 0.06 points a year less; their one-year returns differ by 0.2 points; BIL is 5.7 times larger.

BIL vs ICSH: Differences, Returns & Fees
BILICSH
Expense ratio0.14%0.08%
Net assets$51.1bn$9.0bn
Total return, 1 year+3.7%+3.5%
What it tracks1-3 month T-billsNo index, actively managed
Holdings in commonreport dates differ

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

+3.7%
BIL total return, 1 year
+3.5%
ICSH total return, 1 year
0.14%
BIL expense ratio
0.08%
ICSH expense ratio

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Client brief · page 1 of 2Report BR-69297A945F

BIL and ICSH are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BIL follows 1-3 month T-bills and ICSH follows No index, actively managed.
  2. Number of holdings. BIL holds 18 positions and ICSH holds 407.
  3. Size. BIL has $51.1bn in net assets and ICSH $9.0bn (Net assets); BIL is 5.7 times larger.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

BIL
SPDR Bloomberg 1-3 Month T-Bill ETF
ICSH
iShares Ultra Short Duration Bond Active ETF
Where it sits Bond ETF Bond ETF
Issuer State Street iShares
What it is Tracks an index of 1-3 month T-bills Actively managed
Total return, 1 year +3.7% +3.5%
Expense ratio 0.14% 0.08%
Holdings 18 407
Net assets $51.1bn $9.0bn

BIL and ICSH on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BIL

BIL tracks an index of 1-3 month T-bills. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

About ICSH

ICSH is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.5% with distributions reinvested. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, BIL or ICSH?
In the year to Oct 20, 2026, with distributions reinvested, BIL returned +3.7% and ICSH +3.5%.
Which is cheaper, BIL or ICSH?
ICSH 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.
Other comparisons
BIL vs VUSBBIL vs GBILBIL vs TBILBIL vs TFLOICSH vs JPSTICSH vs SHVICSH vs SGOVICSH vs PULS
BIL on its own →ICSH on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →ICSH dividend history →ICSH holdings →Standards and sources →
Where these figures came from
BIL filings on SEC EDGAR ↗BIL prospectus with the expense ratio (SEC) ↗State Street website ↗ICSH filings on SEC EDGAR ↗ICSH prospectus with the expense ratio (SEC) ↗iShares page for ICSH ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BIL against ICSH, data as of Oct 20, 2026. https://etfiq.com/compare/any/bil-vs-icsh

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