Data as of Oct 28, 2026.
BIL vs SGOV: Differences, Returns & Fees
BIL's duration was 0.2 years on Jun 30, 2026 and SGOV's 0.1 on Aug 31, 2026; SGOV charges 0.09% to BIL's 0.14%.
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Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.
Pair scorecard
SGOV costs 0.05 points a year less; both returned +3.7% over a year; SGOV is 2.4 times larger.
| Measure | BIL | SGOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +3.7% |
| Benchmark | ||
| What it tracks | Bloomberg 1-3 Month U.S. Treasury Bill Index | ICE 0-3 Month US Treasury Securities Index |
| Cost and size | ||
| Expense ratio | 0.14% | 0.09% |
| Net assets, as of Oct 27, 2026 | $48.7bn | $117.0bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Jun 5, 2020 to Oct 23, 2026 · 333 weekly returnsSGOV returned slightly more: +20.8% to +19.9%. SGOV swung slightly less: 0.3% to 0.3%. SGOV fell less at its worst: 0.0% to −0.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BIL | SGOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +19.9% | +20.8% | SGOV (slight) | Price change plus distributions, reinvested. |
| Annualized | +2.9% | +3.0% | SGOV (slight) | Total return as a yearly rate. |
| Price return | +0.1% | +0.6% | SGOV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 0.3% | SGOV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.3% | 0.2% | SGOV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.1% | 0.0% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.82 | −0.46 | SGOV | Return above Treasury bills per unit of volatility. |
| Sortino | −1.00 | −0.57 | SGOV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 20.76 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 333 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
BIL and SGOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BIL and SGOV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BIL follows Bloomberg 1-3 Month U.S. Treasury Bill Index and SGOV follows ICE 0-3 Month US Treasury Securities Index.
- One-year total return (similar). Over 1 year to Oct 28, 2026 BIL returned +3.7% and SGOV +3.7% with distributions reinvested, a gap of 0.0 points.
- Number of holdings (similar). BIL holds 26 positions and SGOV holds 22.
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.
SGOV
SGOV tracks an index of 0-3 month T-bills. The prospectus expense ratio is 0.09% a year.
Questions people ask
- Which returned more over the last year, BIL or SGOV?
- In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and SGOV +3.7%.
- Which is cheaper, BIL or SGOV?
- SGOV 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.
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ETFIQ, BIL against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-sgov
ETFIQ. (Oct 28, 2026). BIL against SGOV. Retrieved from https://etfiq.com/compare/any/bil-vs-sgov
[BIL against SGOV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bil-vs-sgov)
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