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Data as of Oct 28, 2026.

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BIL vs IEMG: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to IEMG's +15.3%; 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 $150.4bn for iShares Core MSCI Emerging Markets ETF.

BIL on its own →IEMG on its own →
At a glance
+3.7%
BIL total return, 1 year
+15.3%
IEMG total return, 1 year
0.14%
BIL expense ratio
0.09%
IEMG expense ratio

Pair scorecard

IEMG costs 0.05 points a year less; their one-year returns differ by 11.6 points; IEMG is 3.1 times larger.

BIL vs IEMG: Differences, Returns & Fees
MeasureBILIEMG
Return
Total return, 1 year+3.7%+15.3%
Drawdown
Below its high10.1%, high on Jun 22, 2026
Benchmark
What it tracksBloomberg 1-3 Month U.S. Treasury Bill IndexMSCI Emerging Markets Investable Market Index (IMI)
Cost and size
Expense ratio0.14%0.09%
Net assets, as of Oct 27, 2026$48.7bn$150.4bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund32.7%

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

What they share

0%

By the books each fund has filed, BIL and IEMG hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL IEMG
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 IEMG
TAIWAN SEMICONDUCTOR MANUFACTURING 14.03%
SAMSUNG ELECTRONICS LTD 6.05%
SK HYNIX 4.31%
TENCENT HOLDINGS 2.32%
ALIBABA GROUP HOLDING 1.60%
MEDIATEK 1.36%
CHINA CONSTRUCTION BANK CORP H 0.83%
SAMSUNG ELECTRONICS NON VOTING PRE 0.80%
Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IEMG iShares Core MSCI Emerging Markets 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 Emerging Markets
Total return, 1 year +3.7% +15.3%
Its benchmark over the same days not measured +16.3% (EEM)
Gap to its benchmark not measured −1.0 pts vs EEM
Expense ratio 0.14% 0.09%
Holdings 26 2857
Net assets, as of Oct 27, 2026 $48.7bn $150.4bn

BIL and IEMG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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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.

IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% 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 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or IEMG?
In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IEMG +15.3%.
Which is cheaper, BIL or IEMG?
IEMG is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BIL vs EEMBIL vs VWOBIL vs EMXCAVEM vs BILIEMG vs SHVIEMG vs PULSIEMG vs USFRIEMG vs MINT
Where to next
BIL on its own →IEMG on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →IEMG dividend history →IEMG holdings →Standards and sources →
Sources and dates
BIL filings on SEC EDGAR ↗
BIL prospectus with the expense ratio (SEC) ↗
State Street website ↗
IEMG filings on SEC EDGAR ↗
IEMG prospectus with the expense ratio (SEC) ↗
iShares page for IEMG ↗

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

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