Data as of Oct 28, 2026.
BIL vs VPL: Differences, Returns & Fees
Over the year to Oct 28, 2026, BIL returned +3.7% to VPL's +24.8%; 0% of their weight is in the same names.
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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $9.0bn on Sep 30, 2026 for Vanguard FTSE Pacific ETF.
Pair scorecard
VPL costs 0.07 points a year less; their one-year returns differ by 21.1 points; BIL is 5.5 times larger.
| Measure | BIL | VPL |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +24.8% |
| Drawdown | ||
| Below its high | 7.2%, high on Jun 22, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg 1-3 Month U.S. Treasury Bill Index | FTSE Developed Asia Pacific All Cap Index |
| Cost and size | ||
| Expense ratio | 0.14% | 0.07% |
| Net assets, as of Sep 30, 2026 | $49.8bn | $9.0bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 24.8% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Jun 8, 2007 to Oct 23, 2026 · 1,011 weekly returnsVPL returned more: +165.0% to +30.9%. BIL swung less: 0.4% to 18.5%. BIL fell less at its worst: −0.5% to −54.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BIL | VPL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +30.9% | +165.0% | VPL | Price change plus distributions, reinvested. |
| Annualized | +1.4% | +5.1% | VPL | Total return as a yearly rate. |
| Price return | −0.1% | +53.5% | VPL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.4% | 18.5% | BIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.3% | 13.4% | BIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.5% | −54.0% | BIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.40 | 0.28 | VPL | Return above Treasury bills per unit of volatility. |
| Sortino | −0.57 | 0.39 | VPL | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.00 | 0.10 | BIL | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,011 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BIL and VPL hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
BIL and VPL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BIL and VPL 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 VPL follows FTSE Developed Asia Pacific All Cap Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 BIL returned +3.7% and VPL +24.8% with distributions reinvested, a gap of 21.1 points.
Data as of Oct 28, 2026.
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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.
VPL
VPL tracks an index of Pacific Stock. Over the year to Oct 28, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,343 positions, with the top ten at 24.8%. It sat 7.2% below its high of Jun 22, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, BIL or VPL?
- In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and VPL +24.8%.
- Which is cheaper, BIL or VPL?
- VPL is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, BIL against VPL, data as of Oct 28, 2026. https://etfiq.com/compare/any/bil-vs-vpl
ETFIQ. (Oct 28, 2026). BIL against VPL. Retrieved from https://etfiq.com/compare/any/bil-vs-vpl
[BIL against VPL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bil-vs-vpl)
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