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

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

Which is cheaper, BIL or QUAL?

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 QUAL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to QUAL'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 $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF.

BIL on its own →QUAL on its own →

At a glance

+3.7%

BIL total return, 1 year

+13.1%

QUAL total return, 1 year

0.14%

BIL expense ratio

0.15%

QUAL expense ratio

Pair scorecard

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

BIL vs QUAL: Differences, Returns & Fees
Measure	BIL	QUAL
Return
Measure	BIL	QUAL
Total return, 1 year	+3.7%	+13.1%
Benchmark
Measure	BIL	QUAL
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	MSCI USA Sector Neutral Quality Index
Cost and size
Measure	BIL	QUAL
Expense ratio	0.14%	0.15%
Net assets, as of Oct 26, 2026	$49.8bn	$48.3bn
Holdings
Measure	BIL	QUAL
Holdings in common	0%
In the S&P 500, by weight		97%
Top ten holdings, share of the fund		44.5%

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

What they share

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

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 QUAL

MICROSOFT 8.09%

APPLE 7.38%

NVIDIA 6.28%

META PLATFORMS CLASS A 4.06%

ELI LILLY 4.04%

TJX 3.50%

VISA CLASS A 3.44%

LAM RESEARCH 2.84%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF QUAL iShares MSCI USA Quality Factor 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 MSCI USA Quality Factor

Total return, 1 year +3.7% +13.1%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured −0.5 pts vs MLRG

Expense ratio 0.14% 0.15%

Holdings 26 119

Net assets, BIL as of Oct 27, 2026 and QUAL as of Oct 28, 2026 $48.7bn $48.2bn

BIL and QUAL 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.

QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

Questions people ask

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

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

QUAL filings on SEC EDGAR ↗

QUAL prospectus with the expense ratio (SEC) ↗

iShares page for QUAL ↗

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

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