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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IUSB −1.2%.

Which is cheaper, BIL or IUSB?

IUSB is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs IUSB: Differences, Returns & Fees

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BIL's duration was 0.2 years on Jun 30, 2026 and IUSB's 5.5 on Jul 31, 2026; IUSB charges 0.06% to BIL's 0.14%.

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Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $49.8bn for iShares Core Universal USD Bond ETF.

BIL on its own →IUSB on its own →

At a glance

+3.7%

BIL total return, 1 year

−1.2%

IUSB total return, 1 year

0.14%

BIL expense ratio

0.06%

IUSB expense ratio

Pair scorecard

IUSB costs 0.08 points a year less; their one-year returns differ by 4.9 points.

BIL vs IUSB: Differences, Returns & Fees
Measure	BIL	IUSB
Return
Measure	BIL	IUSB
Total return, 1 year	+3.7%	−1.2%
Benchmark
Measure	BIL	IUSB
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Bloomberg U.S. Universal Index
Cost and size
Measure	BIL	IUSB
Expense ratio	0.14%	0.06%
Net assets, as of Oct 27, 2026	$48.7bn	$49.8bn
Holdings
Measure	BIL	IUSB
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL IUSB

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 IUSB

Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.41%

U.S. Treasury Notes, due Dec 31, 2029 0.37%

U.S. Treasury Notes, due May 15, 2036 0.37%

U.S. Treasury Notes, due Feb 15, 2034 0.36%

U.S. Treasury Notes, due Feb 15, 2035 0.35%

U.S. Treasury Notes, due Aug 15, 2035 0.34%

U.S. Treasury Notes, due May 15, 2034 0.34%

U.S. Treasury Notes, due Nov 15, 2034 0.34%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IUSB iShares Core Universal USD 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 Universal USD Bond

Total return, 1 year +3.7% −1.2%

Expense ratio 0.14% 0.06%

Holdings 26 18338

Net assets, as of Oct 27, 2026 $48.7bn $49.8bn

BIL and IUSB 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.

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, BIL or IUSB?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IUSB −1.2%.
Which is cheaper, BIL or IUSB?: IUSB is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs BOND BIL vs MBB BIL vs JAAA BIL vs BNDX IUSB vs SHV IUSB vs PULS IUSB vs USFR IUSB vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

IUSB filings on SEC EDGAR ↗

IUSB prospectus with the expense ratio (SEC) ↗

iShares page for IUSB ↗

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

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