Data as of Oct 28, 2026.
BIL vs IYR: Differences, Returns & Fees
Over the year to Oct 28, 2026, BIL returned +3.7% to IYR's +3.4%; 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 $3.9bn on Oct 28, 2026 for iShares U.S. Real Estate ETF.
Pair scorecard
BIL costs 0.23 points a year less; their one-year returns differ by 0.3 points; BIL is 12.5 times larger.
| Measure | BIL | IYR |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +3.4% |
| Drawdown | ||
| Below its high | 8.6%, high on Jul 28, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg 1-3 Month U.S. Treasury Bill Index | Dow Jones U.S. Real Estate Capped Index |
| Cost and size | ||
| Expense ratio | 0.14% | 0.37% |
| Net assets, as of Oct 26, 2026 | $49.8bn | $4.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 80% | |
| Top ten holdings, share of the fund | 52.5% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 8, 2007 to Oct 23, 2026 · 1,011 weekly returnsIYR returned more: +138.3% to +30.9%. BIL swung less: 0.4% to 25.2%. BIL fell less at its worst: −0.5% to −70.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BIL | IYR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +30.9% | +138.3% | IYR | Price change plus distributions, reinvested. |
| Annualized | +1.4% | +4.6% | IYR | Total return as a yearly rate. |
| Price return | −0.1% | +18.8% | IYR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.4% | 25.2% | BIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.3% | 17.6% | BIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.5% | −70.7% | BIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.40 | 0.24 | IYR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.57 | 0.35 | IYR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.00 | 0.06 | BIL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,011 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BIL and IYR hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BIL and IYR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BIL and IYR do different jobs. What does each one do in a portfolio?
- What each follows. BIL follows Bloomberg 1-3 Month U.S. Treasury Bill Index and IYR follows Dow Jones U.S. Real Estate Capped Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. BIL charges 0.14% of assets a year and IYR 0.37%, a gap of 0.23 points.
Data as of Oct 28, 2026.
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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.
IYR
IYR tracks an index of U.S. Real Estate. Over the year to Oct 28, 2026 it returned +3.4% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 52.5%. It sat 8.6% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BIL or IYR?
- In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and IYR +3.4%.
- Which is cheaper, BIL or IYR?
- BIL is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.
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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 IYR, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-iyr
ETFIQ. (Oct 28, 2026). BIL against IYR. Retrieved from https://etfiq.com/compare/any/bil-vs-iyr
[BIL against IYR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bil-vs-iyr)
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