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Data as of Oct 28, 2026.

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BIL vs USHY: Differences, Returns & Fees

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BIL's duration was 0.2 years on Jun 30, 2026 and USHY's 3.0 on Jul 31, 2026; USHY charges 0.08% 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 $26.3bn for iShares Broad USD High Yield Corporate Bond ETF.

BIL on its own →USHY on its own →
At a glance
+3.7%
BIL total return, 1 year
+1.7%
USHY total return, 1 year
0.14%
BIL expense ratio
0.08%
USHY expense ratio

Pair scorecard

USHY costs 0.06 points a year less; their one-year returns differ by 2.0 points; BIL is 1.9 times larger.

BIL vs USHY: Differences, Returns & Fees
MeasureBILUSHY
Return
Total return, 1 year+3.7%+1.7%
Benchmark
What it tracksBloomberg 1-3 Month U.S. Treasury Bill IndexICE BofA US High Yield Constrained Index
Cost and size
Expense ratio0.14%0.08%
Net assets, as of Oct 27, 2026$48.7bn$26.3bn
Holdings
Holdings in common0%

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

What they share

0%

By the books each fund has filed, BIL and USHY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL USHY
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 USHY
1261229 BC Ltd, due Apr 15, 2032 0.47%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.39%
EchoStar Corp, due Nov 30, 2029 0.39%
Quikrete Holdings Inc, due Mar 1, 2032 0.29%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.28%
Asurion LLC/ Asurion Co-Issuer Inc, due Dec 31, 2032 0.26%
Cloud Software Group LLC, due Mar 31, 2029 0.26%
Cloud Software Group LLC, due Sep 30, 2029 0.25%
Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF USHY iShares Broad USD High Yield Corporate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer State Street iShares
What it is Tracks an index of 1-3 month T-bills Tracks an index of Broad USD High Yield Corporate Bond
Total return, 1 year +3.7% +1.7%
Its benchmark over the same days not measured +1.8% (SPHY)
Gap to its benchmark not measured −0.1 pts vs SPHY
Expense ratio 0.14% 0.08%
Holdings 26 1900
Net assets, as of Oct 27, 2026 $48.7bn $26.3bn

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

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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.

USHY

USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, BIL or USHY?
In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and USHY +1.7%.
Which is cheaper, BIL or USHY?
USHY 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 JNKBIL vs HYGBIL vs JAAABIL vs MBBSHV vs USHYPULS vs USHYUSFR vs USHYMINT vs USHY
Where to next
BIL on its own →USHY on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →USHY dividend history →USHY holdings →Standards and sources →
Sources and dates
BIL filings on SEC EDGAR ↗
BIL prospectus with the expense ratio (SEC) ↗
State Street website ↗
USHY filings on SEC EDGAR ↗
USHY prospectus with the expense ratio (SEC) ↗
iShares page for USHY ↗

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

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