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

In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and USMV +10.8%.

Which is cheaper, BIL or USMV?

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 USMV: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, BIL returned +3.7% to USMV's +10.8%; 0% of their weight is in the same names.

askIQ about this page

askIQ about BIL and USMV

Net assets on Oct 27, 2026: $48.7bn for SPDR Bloomberg 1-3 Month T-Bill ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

BIL on its own →USMV on its own →

At a glance

+3.7%

BIL total return, 1 year

+10.8%

USMV total return, 1 year

0.14%

BIL expense ratio

0.15%

USMV expense ratio

Pair scorecard

BIL costs 0.01 points a year less; their one-year returns differ by 7.1 points; BIL is 2.0 times larger.

BIL vs USMV: Differences, Returns & Fees
Measure	BIL	USMV
Return
Measure	BIL	USMV
Total return, 1 year	+3.7%	+10.8%
Benchmark
Measure	BIL	USMV
What it tracks	Bloomberg 1-3 Month U.S. Treasury Bill Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	BIL	USMV
Expense ratio	0.14%	0.15%
Net assets, as of Oct 27, 2026	$48.7bn	$24.1bn
Holdings
Measure	BIL	USMV
Holdings in common	0%
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

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

What they share

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

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 USMV

MICROSOFT 1.61%

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

NVIDIA 1.47%

JOHNSON & JOHNSON 1.44%

Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Bond ETF Stock ETF

Issuer State Street iShares

What it is Tracks an index of 1-3 month T-bills Tracks the MSCI USA Min Vol Factor

Total return, 1 year +3.7% +10.8%

Expense ratio 0.14% 0.15%

Holdings 26 176

Net assets, as of Oct 27, 2026 $48.7bn $24.1bn

BIL and USMV 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.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, BIL or USMV?: In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and USMV +10.8%.
Which is cheaper, BIL or USMV?: 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 RDVY BIL vs CGGR BIL vs SPMO BIL vs DFUS SHV vs USMV PULS vs USMV USFR vs USMV MINT vs USMV

Where to next

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

Sources and dates

BIL filings on SEC EDGAR ↗

BIL prospectus with the expense ratio (SEC) ↗

State Street website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

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

Open data →

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