A
vs
B
Share
Compare their flowsAsk IQ about these two funds

BIL vs TBLL: Differences, Returns & Fees

BIL's duration was 0.2 years on Jun 30, 2026 and TBLL's 0.3 on May 31, 2026; TBLL charges 0.08% to BIL's 0.14%. Net assets on Oct 20, 2026: $51.1bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $2.6bn for Invesco Short Term Treasury ETF.

Ask IQ about this page

Ask IQ about BIL and TBLL

Answers cite the figures on this page.

TBLL costs 0.06 points a year less; their one-year returns differ by 0.1 points; BIL is 19.3 times larger.

BIL vs TBLL: Differences, Returns & Fees
BILTBLL
Expense ratio0.14%0.08%
Net assets$51.1bn$2.6bn
Total return, 1 year+3.7%+3.6%
What it tracks1-3 month T-billsICE U.S. Treasury Short Bond Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

+3.7%
BIL total return, 1 year
+3.6%
TBLL total return, 1 year
0.14%
BIL expense ratio
0.08%
TBLL expense ratio

Get BIL and TBLL fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-72910B531A

BIL and TBLL are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BIL follows 1-3 month T-bills and TBLL follows ICE U.S. Treasury Short Bond Index.
  2. Number of holdings. BIL holds 18 positions and TBLL holds 93.
  3. Size. BIL has $51.1bn in net assets and TBLL $2.6bn (Net assets); BIL is 19.7 times larger.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

On the same fields

BIL
SPDR Bloomberg 1-3 Month T-Bill ETF
TBLL
Invesco Short Term Treasury ETF
Where it sits Bond ETF Bond ETF
Issuer State Street Invesco
What it is Tracks an index of 1-3 month T-bills Tracks an index
Total return, 1 year +3.7% +3.6%
Its benchmark over the same days not measured +3.6% (TRSY)
Gap to its benchmark not measured 0.0 pts vs TRSY
Expense ratio 0.14% 0.08%
Holdings 18 93
Net assets $51.1bn $2.6bn

BIL and TBLL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BIL

BIL tracks an index of 1-3 month T-bills. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

About TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, BIL or TBLL?
In the year to Oct 20, 2026, with distributions reinvested, BIL returned +3.7% and TBLL +3.6%.
Which is cheaper, BIL or TBLL?
TBLL is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BIL vs IBDRBIL vs IBTHBIL vs CLIPBIL vs FLDRJPST vs TBLLSHV vs TBLLPULS vs TBLLTBLL vs USFR
BIL on its own →TBLL on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →TBLL dividend history →TBLL holdings →Standards and sources →
Where these figures came from
BIL filings on SEC EDGAR ↗BIL prospectus with the expense ratio (SEC) ↗State Street website ↗TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BIL against TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/bil-vs-tbll

Open data

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