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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and SCHP −0.8%.

Which is cheaper, BIL or SCHP?

SCHP is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs SCHP: Differences, Returns & Fees

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On Jun 30, 2026 BIL's duration was 0.2 years and SCHP's 6.3; SCHP charges 0.03% to BIL's 0.14%.

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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF.

BIL on its own →SCHP on its own →

At a glance

+3.7%

BIL total return, 1 year

−0.8%

SCHP total return, 1 year

0.14%

BIL expense ratio

0.03%

SCHP expense ratio

Pair scorecard

SCHP costs 0.11 points a year less; their one-year returns differ by 4.5 points.

BIL vs SCHP: Differences, Returns & Fees
Measure	BIL	SCHP
Return
Measure	BIL	SCHP
Total return, 1 year	+3.7%	−0.8%
Benchmark
Measure	BIL	SCHP
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	US TIPS
Cost and size
Measure	BIL	SCHP
Expense ratio	0.14%	0.03%
Net assets, BIL as of Oct 27, 2026 and SCHP as of Jun 30, 2026	$48.7bn	$16.5bn
Holdings
Measure	BIL	SCHP
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026. Method

What they share

By the books each fund has filed, BIL and SCHP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL SCHP

Only in one fund ↓

Only in BIL

U.S. Treasury Bills, due Aug 6, 2026 12.04%

U.S. Treasury Bills, due Sep 3, 2026 9.04%

U.S. Treasury Bills, due Aug 27, 2026 7.22%

U.S. Treasury Bills, due Sep 17, 2026 7.03%

U.S. Treasury Bills, due Sep 10, 2026 6.98%

U.S. Treasury Bills, due Sep 24, 2026 6.97%

U.S. Treasury Bills, due Aug 13, 2026 6.85%

U.S. Treasury Bills, due Aug 20, 2026 6.49%

Only in SCHP

U.S. Treasury Inflation-Indexed Notes, due Jul 15, 2035 4.07%

U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2035 4.01%

U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2036 4.00%

U.S. Treasury Inflation-Indexed Notes, due Jul 15, 2034 3.77%

U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2034 3.60%

U.S. Treasury Inflation-Indexed Notes, due Oct 15, 2030 3.40%

U.S. Treasury Inflation-Indexed Notes, due Apr 15, 2030 3.38%

U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2033 3.36%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF SCHP Schwab U.S. TIPS ETF

Where it sits Bond ETF Bond ETF

Issuer State Street Schwab

What it is Tracks an index of 1-3 month T-bills Tracks an index of US TIPS

Total return, 1 year +3.7% −0.8%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured +0.6 pts vs AGG

Expense ratio 0.14% 0.03%

Holdings 26 48

Net assets, BIL as of Oct 27, 2026 and SCHP as of Jun 30, 2026 $48.7bn $16.5bn

BIL and SCHP 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.

SCHP

SCHP tracks an index of US TIPS. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, BIL or SCHP?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and SCHP −0.8%.
Which is cheaper, BIL or SCHP?: SCHP is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs TIP BIL vs BINC BIL vs IEI BIL vs VTIP SCHP vs SHV PULS vs SCHP SCHP vs USFR MINT vs SCHP

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

SCHP filings on SEC EDGAR ↗

SCHP prospectus with the expense ratio (SEC) ↗

Schwab website ↗

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

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