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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IEF −3.2%.

Which is cheaper, BIL or IEF?

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 IEF: Differences, Returns & Fees

Share on X Download as PDF

BIL's duration was 0.2 years on Jun 30, 2026 and IEF's 7.0 on Aug 31, 2026; BIL charges 0.14% to IEF's 0.15%.

askIQ about this page

askIQ about BIL and IEF

Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $43.5bn for iShares 7-10 Year Treasury Bond ETF.

BIL on its own →IEF on its own →

At a glance

+3.7%

BIL total return, 1 year

−3.2%

IEF total return, 1 year

0.14%

BIL expense ratio

0.15%

IEF expense ratio

Pair scorecard

BIL costs 0.01 points a year less; their one-year returns differ by 6.9 points; BIL is 1.1 times larger.

BIL vs IEF: Differences, Returns & Fees
Measure	BIL	IEF
Return
Measure	BIL	IEF
Total return, 1 year	+3.7%	−3.2%
Drawdown
Measure	BIL	IEF
Below its high		13.1%, high on Aug 4, 2020
Benchmark
Measure	BIL	IEF
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	ICE U.S. Treasury 7-10 Year Bond Index
Cost and size
Measure	BIL	IEF
Expense ratio	0.14%	0.15%
Net assets, as of Oct 27, 2026	$48.7bn	$43.5bn
Holdings
Measure	BIL	IEF
Holdings in common	0%

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

What they share

By the books each fund has filed, BIL and IEF hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL IEF

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 IEF

U.S. Treasury Notes, due Feb 15, 2036 9.31%

U.S. Treasury Notes, due Feb 15, 2035 8.74%

U.S. Treasury Notes, due Nov 15, 2034 8.63%

U.S. Treasury Notes, due Nov 15, 2035 8.52%

U.S. Treasury Notes, due May 15, 2034 8.31%

U.S. Treasury Notes, due Aug 15, 2035 8.25%

U.S. Treasury Notes, due May 15, 2035 8.21%

U.S. Treasury Notes, due Feb 15, 2034 8.12%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IEF iShares 7-10 Year Treasury 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 an index of 7-10 Year Treasury Bond

Total return, 1 year +3.7% −3.2%

Expense ratio 0.14% 0.15%

Holdings 26 17

Net assets, as of Oct 27, 2026 $48.7bn $43.5bn

BIL and IEF 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.

IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or IEF?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IEF −3.2%.
Which is cheaper, BIL or IEF?: 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 GOVT BIL vs VGIT BIL vs LQD BIL vs SHY IEF vs SHV IEF vs PULS IEF vs USFR IEF vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

IEF filings on SEC EDGAR ↗

IEF prospectus with the expense ratio (SEC) ↗

iShares page for IEF ↗

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

Open data →

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