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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IWD +27.5%.

Which is cheaper, BIL or IWD?

BIL is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs IWD: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to IWD's +27.5%; 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 $83.0bn for iShares Russell 1000 Value ETF.

BIL on its own →IWD on its own →

At a glance

+3.7%

BIL total return, 1 year

+27.5%

IWD total return, 1 year

0.14%

BIL expense ratio

0.18%

IWD expense ratio

Pair scorecard

BIL costs 0.04 points a year less; their one-year returns differ by 23.8 points; IWD is 1.7 times larger.

BIL vs IWD: Differences, Returns & Fees
Measure	BIL	IWD
Return
Measure	BIL	IWD
Total return, 1 year	+3.7%	+27.5%
Benchmark
Measure	BIL	IWD
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Russell 1000 Value Index
Cost and size
Measure	BIL	IWD
Expense ratio	0.14%	0.18%
Net assets, as of Oct 27, 2026	$48.7bn	$83.0bn
Holdings
Measure	BIL	IWD
Holdings in common	0%
In the S&P 500, by weight		90%
Top ten holdings, share of the fund		29.6%

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

What they share

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

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 IWD

APPLE 6.08%

AMAZON.COM INC 5.95%

MICROSOFT 5.21%

BERKSHIRE HATHAWAY INC CLASS B 2.67%

JPMORGAN CHASE & CO 2.37%

EXXONMOBIL HOLDINGS CORP 1.96%

JOHNSON & JOHNSON 1.71%

WALMART 1.26%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IWD iShares Russell 1000 Value 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 value

Total return, 1 year +3.7% +27.5%

Its benchmark over the same days not measured +27.7% (VONV)

Gap to its benchmark not measured −0.2 pts vs VONV

Expense ratio 0.14% 0.18%

Holdings 26 871

Net assets, as of Oct 27, 2026 $48.7bn $83.0bn

BIL and IWD 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.

IWD

IWD tracks the Russell 1000 value. Over the year to Oct 28, 2026 it returned +27.5% with distributions reinvested, against +27.7% for its benchmark, the Russell 1000 Value Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 871 positions, with the top ten at 29.6%.

Questions people ask

Which returned more over the last year, BIL or IWD?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IWD +27.5%.
Which is cheaper, BIL or IWD?: BIL is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs SCHD BIL vs VTV BIL vs VYM BIL vs DGRO IWD vs SHV IWD vs PULS IWD vs USFR IWD vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

IWD filings on SEC EDGAR ↗

IWD prospectus with the expense ratio (SEC) ↗

iShares page for IWD ↗

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

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