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

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

Which is cheaper, BIL or SPHQ?

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 SPHQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BIL returned +3.7% to SPHQ'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 $18.7bn for Invesco S&P 500 Quality ETF.

BIL on its own →SPHQ on its own →

At a glance

+3.7%

BIL total return, 1 year

+14.1%

SPHQ total return, 1 year

0.14%

BIL expense ratio

0.15%

SPHQ expense ratio

Pair scorecard

BIL costs 0.01 points a year less; their one-year returns differ by 10.4 points; BIL is 2.6 times larger.

BIL vs SPHQ: Differences, Returns & Fees
Measure	BIL	SPHQ
Return
Measure	BIL	SPHQ
Total return, 1 year	+3.7%	+14.1%
Drawdown
Measure	BIL	SPHQ
Below its high		6.4%, high on Jun 30, 2026
Benchmark
Measure	BIL	SPHQ
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	S&P 500 Quality Index
Cost and size
Measure	BIL	SPHQ
Expense ratio	0.14%	0.15%
Net assets, as of Oct 27, 2026	$48.7bn	$18.7bn
Holdings
Measure	BIL	SPHQ
Holdings in common	0%
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		43.3%

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

What they share

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

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 SPHQ

Mastercard Inc 6.25%

Visa Inc 6.23%

Apple Inc 5.96%

Costco Wholesale Corp 4.24%

GE Vernova Inc 3.81%

Cisco Systems Inc 3.65%

General Electric Co 3.33%

Lam Research Corp 3.32%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF SPHQ Invesco S&P 500 Quality ETF

Where it sits Bond ETF Stock ETF

Issuer State Street Invesco

What it is Tracks an index of 1-3 month T-bills Tracks the S&P 500 Quality

Total return, 1 year +3.7% +14.1%

Its benchmark over the same days not measured +13.7% (IVV)

Gap to its benchmark not measured +0.4 pts vs IVV

Expense ratio 0.14% 0.15%

Holdings 26 102

Net assets, as of Oct 27, 2026 $48.7bn $18.7bn

BIL and SPHQ 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.

SPHQ

SPHQ tracks the S&P 500 Quality. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 102 positions, with the top ten at 43.3%. It sat 6.4% below its high of Jun 30, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BIL or SPHQ?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and SPHQ +14.1%.
Which is cheaper, BIL or SPHQ?: 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 MTUM BIL vs DGRW BIL vs XLG BIL vs GRNY SHV vs SPHQ PULS vs SPHQ SPHQ vs USFR MINT vs SPHQ

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

SPHQ filings on SEC EDGAR ↗

SPHQ prospectus with the expense ratio (SEC) ↗

Invesco page for SPHQ ↗

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

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