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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IEFA +12.3%.

Which is cheaper, BIL or IEFA?

IEFA is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs IEFA: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to IEFA's +12.3%; 0% of their weight is in the same names.

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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $190.4bn on Oct 28, 2026 for iShares Core MSCI EAFE ETF.

BIL on its own →IEFA on its own →

At a glance

+3.7%

BIL total return, 1 year

+12.3%

IEFA total return, 1 year

0.14%

BIL expense ratio

0.07%

IEFA expense ratio

Pair scorecard

IEFA costs 0.07 points a year less; their one-year returns differ by 8.6 points; IEFA is 3.9 times larger.

BIL vs IEFA: Differences, Returns & Fees
Measure	BIL	IEFA
Return
Measure	BIL	IEFA
Total return, 1 year	+3.7%	+12.3%
Drawdown
Measure	BIL	IEFA
Below its high		4.7%, high on Aug 25, 2026
Benchmark
Measure	BIL	IEFA
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	MSCI EAFE IMI Index
Cost and size
Measure	BIL	IEFA
Expense ratio	0.14%	0.07%
Net assets, as of Oct 27, 2026	$48.7bn	$190.1bn
Holdings
Measure	BIL	IEFA
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		12.3%

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

What they share

By the books each fund has filed, BIL and IEFA 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 IEFA

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 IEFA

ASML HOLDING 2.55%

ROCHE PS PAR AG 1.36%

SHELL 1.21%

HSBC HOLDINGS PLC 1.18%

NOVARTIS AG 1.14%

ASTRAZENECA PLC 1.04%

NESTLE SA 1.04%

SAP 0.97%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IEFA iShares Core MSCI EAFE 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 EAFE

Total return, 1 year +3.7% +12.3%

Its benchmark over the same days not measured +14.3% (ACWX)

Gap to its benchmark not measured −2.0 pts vs ACWX

Expense ratio 0.14% 0.07%

Holdings 26 2629

Net assets, BIL as of Oct 27, 2026 and IEFA as of Oct 28, 2026 $48.7bn $190.4bn

BIL and IEFA 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.

IEFA

IEFA tracks the MSCI EAFE. Over the year to Oct 28, 2026 it returned +12.3% with distributions reinvested, against +14.3% for its benchmark, the MSCI ACWI ex USA Index. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,629 positions, with the top ten at 12.3%. It sat 4.7% below its high of Aug 25, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or IEFA?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IEFA +12.3%.
Which is cheaper, BIL or IEFA?: IEFA is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs VXUS BIL vs VEA BIL vs IDEV BIL vs FENI IEFA vs SHV IEFA vs PULS IEFA vs USFR IEFA vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

IEFA filings on SEC EDGAR ↗

IEFA prospectus with the expense ratio (SEC) ↗

iShares page for IEFA ↗

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

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