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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IWB +13.1%.

Which is cheaper, BIL or IWB?

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 IWB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to IWB's +13.1%; 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 $49.1bn on Oct 28, 2026 for iShares Russell 1000 ETF.

BIL on its own →IWB on its own →

At a glance

+3.7%

BIL total return, 1 year

+13.1%

IWB total return, 1 year

0.14%

BIL expense ratio

0.15%

IWB expense ratio

Pair scorecard

BIL costs 0.01 points a year less; their one-year returns differ by 9.4 points.

BIL vs IWB: Differences, Returns & Fees
Measure	BIL	IWB
Return
Measure	BIL	IWB
Total return, 1 year	+3.7%	+13.1%
Benchmark
Measure	BIL	IWB
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Russell 1000 Index
Cost and size
Measure	BIL	IWB
Expense ratio	0.14%	0.15%
Net assets, as of Oct 26, 2026	$49.8bn	$48.7bn
Holdings
Measure	BIL	IWB
Holdings in common	0%
In the S&P 500, by weight		92%
Top ten holdings, share of the fund		35.3%

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

What they share

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

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 IWB

NVIDIA 7.15%

APPLE 7.06%

MICROSOFT 5.56%

AMAZON.COM INC 3.46%

ALPHABET CLASS A 2.63%

BROADCOM INC 2.24%

ALPHABET CLASS C 2.12%

META PLATFORMS CLASS A 1.92%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IWB iShares Russell 1000 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 Russell 1000

Total return, 1 year +3.7% +13.1%

Its benchmark over the same days not measured +13.2% (VONE)

Gap to its benchmark not measured −0.1 pts vs VONE

Expense ratio 0.14% 0.15%

Holdings 26 1025

Net assets, BIL as of Oct 27, 2026 and IWB as of Oct 28, 2026 $48.7bn $49.1bn

BIL and IWB 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.

IWB

IWB tracks the Russell 1000. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.2% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 1,025 positions, with the top ten at 35.3%.

Questions people ask

Which returned more over the last year, BIL or IWB?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IWB +13.1%.
Which is cheaper, BIL or IWB?: 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 QUAL BIL vs DIA BIL vs DYNF BIL vs CGGR IWB vs SHV IWB vs PULS IWB vs USFR IWB vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

IWB filings on SEC EDGAR ↗

IWB prospectus with the expense ratio (SEC) ↗

iShares page for IWB ↗

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

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