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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IWM +14.1%.

Which is cheaper, BIL or IWM?

BIL 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.

Data as of Oct 28, 2026.

Across categories

BIL vs IWM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to IWM's +14.1%; 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 $75.5bn for iShares Russell 2000 ETF.

BIL on its own →IWM on its own →

At a glance

+3.7%

BIL total return, 1 year

+14.1%

IWM total return, 1 year

0.14%

BIL expense ratio

0.19%

IWM expense ratio

Pair scorecard

BIL costs 0.05 points a year less; their one-year returns differ by 10.4 points; IWM is 1.6 times larger.

BIL vs IWM: Differences, Returns & Fees
Measure	BIL	IWM
Return
Measure	BIL	IWM
Total return, 1 year	+3.7%	+14.1%
Drawdown
Measure	BIL	IWM
Below its high		7.6%, high on Aug 14, 2026
Benchmark
Measure	BIL	IWM
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Russell 2000 Index
Cost and size
Measure	BIL	IWM
Expense ratio	0.14%	0.19%
Net assets, as of Oct 27, 2026	$48.7bn	$75.5bn
Holdings
Measure	BIL	IWM
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		3.3%

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

What they share

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

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 IWM

JFROG 0.37%

GLAUKOS 0.35%

TWIST BIOSCIENCE 0.35%

MOOG INC CLASS A 0.34%

BRIGHTSPRING HEALTH SERVICES INC 0.33%

UMB FINANCIAL 0.33%

SM ENERGY 0.32%

10X GENOMICS CLASS A 0.31%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF IWM iShares Russell 2000 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 2000

Total return, 1 year +3.7% +14.1%

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

Gap to its benchmark not measured −0.2 pts vs VTWO

Expense ratio 0.14% 0.19%

Holdings 26 1977

Net assets, as of Oct 27, 2026 $48.7bn $75.5bn

BIL and IWM 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.

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% 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 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or IWM?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IWM +14.1%.
Which is cheaper, BIL or IWM?: BIL 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 IWC BIL vs VB BIL vs IJR BIL vs IJT IWM vs SHV IWM vs PULS IWM vs USFR IWM vs MINT

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

IWM filings on SEC EDGAR ↗

IWM prospectus with the expense ratio (SEC) ↗

iShares page for IWM ↗

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

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