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BIL vs VNLA: Differences, Returns & Fees

BIL's duration was 0.2 years on Jun 30, 2026 and VNLA's 0.8 on Jul 31, 2026; BIL charges 0.14% to VNLA's 0.23%. Net assets: $51.1bn on Oct 20, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.

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Answers cite the figures on this page.

BIL costs 0.09 points a year less; their one-year returns differ by 0.1 points; BIL is 14.1 times larger.

BIL vs VNLA: Differences, Returns & Fees
BILVNLA
Expense ratio0.14%0.23%
Net assets, as of Jul 31, 2026$47.3bn$3.3bn
Total return, 1 year+3.7%+3.6%
What it tracks1-3 month T-billsNo index, actively managed
Holdings in commonreport dates differ

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

+3.7%
BIL total return, 1 year
+3.6%
VNLA total return, 1 year
0.14%
BIL expense ratio
0.23%
VNLA expense ratio

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Client brief · page 1 of 2Report BR-BC4CE87EFB

BIL and VNLA 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 VNLA follows No index, actively managed.
  2. Number of holdings. BIL holds 18 positions and VNLA holds 336.
  3. Size. BIL has $47.3bn in net assets and VNLA $3.3bn (net assets, as of Jul 31, 2026); BIL is 14.3 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.

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On the same fields

BIL
SPDR Bloomberg 1-3 Month T-Bill ETF
VNLA
Janus Henderson Short Duration Income ETF
Where it sits Bond ETF Bond ETF
Issuer State Street Janus Henderson
What it is Tracks an index of 1-3 month T-bills Actively managed
Total return, 1 year +3.7% +3.6%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +5.5 pts vs AGG
Expense ratio 0.14% 0.23%
Holdings 18 336
Net assets, BIL as of Oct 20, 2026 and VNLA as of Jul 31, 2026 $51.1bn $3.3bn

BIL and VNLA 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 VNLA

VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.

Questions people ask

Which returned more over the last year, BIL or VNLA?
In the year to Oct 20, 2026, with distributions reinvested, BIL returned +3.7% and VNLA +3.6%.
Which is cheaper, BIL or VNLA?
BIL is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BIL vs FLRNBIL vs BSCQBIL vs TBLLBIL vs DUSBJPST vs VNLASHV vs VNLAPULS vs VNLAUSFR vs VNLA
BIL on its own →VNLA on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →VNLA dividend history →VNLA holdings →Standards and sources →
Where these figures came from
BIL filings on SEC EDGAR ↗BIL prospectus with the expense ratio (SEC) ↗State Street website ↗VNLA filings on SEC EDGAR ↗VNLA prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗

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

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

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