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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and SPSB +2.2%.

Which is cheaper, BIL or SPSB?

SPSB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BIL vs SPSB: Differences, Returns & Fees

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On Jun 30, 2026 BIL's duration was 0.2 years and SPSB's 1.8; SPSB charges 0.04% 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 $11.3bn for State Street SPDR Portfolio Short Term Corporate Bond ETF.

BIL on its own →SPSB on its own →

At a glance

+3.7%

BIL total return, 1 year

+2.2%

SPSB total return, 1 year

0.14%

BIL expense ratio

0.04%

SPSB expense ratio

Pair scorecard

SPSB costs 0.10 points a year less; their one-year returns differ by 1.5 points; BIL is 4.3 times larger.

BIL vs SPSB: Differences, Returns & Fees
Measure	BIL	SPSB
Return
Measure	BIL	SPSB
Total return, 1 year	+3.7%	+2.2%
Benchmark
Measure	BIL	SPSB
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	Bloomberg U.S. 1-3 Year Corporate Bond Index
Cost and size
Measure	BIL	SPSB
Expense ratio	0.14%	0.04%
Net assets, as of Oct 27, 2026	$48.7bn	$11.3bn
Holdings
Measure	BIL	SPSB
Holdings in common	0%

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

Risk and return

Dec 24, 2009 to Oct 23, 2026 · 878 weekly returns

BIL SPSB

Return

Total return edge SPSB +25.5% +47.3%

Annualized edge SPSB +1.4% +2.3%

Price return edge BIL −0.1% −1.4%

Risk

Volatility edge BIL 0.3% 3.0%

Max drawdown edge BIL −0.4% −9.9%

Risk-adjusted

Sharpe edge SPSB −0.66 0.27

Sortino edge SPSB −0.97 0.39

Calmar edge BIL 3.13 0.23

Reading

SPSB returned more: +47.3% to +25.5%. BIL swung less: 0.3% to 3.0%. BIL fell less at its worst: −0.4% to −9.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BIL vs SPSB: Differences, Returns & Fees
Measure	BIL	SPSB	Edge	How it is measured
Return
Total return	+25.5%	+47.3%	SPSB	Price change plus distributions, reinvested.
Annualized	+1.4%	+2.3%	SPSB	Total return as a yearly rate.
Price return	−0.1%	−1.4%	BIL	Price change alone, distributions left out.
Risk
Volatility	0.3%	3.0%	BIL	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	2.1%	BIL	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.4%	−9.9%	BIL	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.66	0.27	SPSB	Return above Treasury bills per unit of volatility.
Sortino	−0.97	0.39	SPSB	Return above Treasury bills per unit of downside deviation.
Calmar	3.13	0.23	BIL	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 878 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

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 SPSB

Salesforce Inc, due Mar 15, 2029 0.56%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Oct 29, 2028 0.44%

Bank of America Corp, due Dec 20, 2028 0.42%

Citigroup Inc, due Mar 4, 2029 0.42%

Morgan Stanley, due Apr 10, 2030 0.38%

JPMorgan Chase & Co, due Jul 25, 2028 0.38%

Pfizer Investment Enterprises Pte Ltd, due May 19, 2028 0.37%

Sprint Capital Corp, due Nov 15, 2028 0.37%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street State Street

What it is Tracks an index of 1-3 month T-bills Tracks an index of Short Term Corporate Bond

Total return, 1 year +3.7% +2.2%

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

Gap to its benchmark not measured +3.6 pts vs AGG

Expense ratio 0.14% 0.04%

Holdings 26 1684

Net assets, as of Oct 27, 2026 $48.7bn $11.3bn

BIL and SPSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-98D9DF3BB6

BIL and SPSB 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 SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026).
Number of holdings. BIL holds 26 positions and SPSB holds 1684.

Data as of Oct 28, 2026.

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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.

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.

Questions people ask

Which returned more over the last year, BIL or SPSB?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and SPSB +2.2%.
Which is cheaper, BIL or SPSB?: SPSB is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs BSV BIL vs IGSB BIL vs VCSH BIL vs PFF SHV vs SPSB PULS vs SPSB SPSB vs USFR MINT vs SPSB

Where to next

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

Sources and dates

BIL and SPSB filings on SEC EDGAR ↗

BIL and SPSB prospectus with the expense ratio (SEC) ↗

State Street 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 SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-spsb

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