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Data as of Oct 28, 2026.

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BIL vs VTIP: Differences, Returns & Fees

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On Jun 30, 2026 BIL's duration was 0.2 years and VTIP's 2.3; VTIP charges 0.03% to BIL's 0.14%.

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Net assets: $48.7bn on Oct 27, 2026 for SPDR Bloomberg 1-3 Month T-Bill ETF, and $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.

BIL on its own →VTIP on its own →
At a glance
+3.7%
BIL total return, 1 year
+2.2%
VTIP total return, 1 year
0.14%
BIL expense ratio
0.03%
VTIP expense ratio

Pair scorecard

VTIP costs 0.11 points a year less; their one-year returns differ by 1.5 points; BIL is 2.4 times larger.

BIL vs VTIP: Differences, Returns & Fees
MeasureBILVTIP
Return
Total return, 1 year+3.7%+2.2%
Benchmark
What it tracksBloomberg 1-3 Month U.S. Treasury Bill IndexBloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index
Cost and size
Expense ratio0.14%0.03%
Net assets, as of Sep 30, 2026$49.8bn$20.9bn
Holdings
Holdings in common0%

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BIL VTIP
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 VTIP
TSY INFL IX N/B, due Oct 15, 2030 5.39%
TSY INFL IX N/B, due Oct 15, 2029 5.33%
TSY INFL IX N/B, due Apr 15, 2030 5.30%
TSY INFL IX N/B, due Apr 15, 2029 5.14%
TSY INFL IX N/B, due Oct 15, 2028 4.97%
TSY INFL IX N/B, due Oct 15, 2026 4.83%
TSY INFL IX N/B, due Oct 15, 2027 4.83%
TSY INFL IX N/B, due Apr 15, 2027 4.74%
Check overlap with more funds →

Side by side

BIL SPDR Bloomberg 1-3 Month T-Bill ETF VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
Where it sits Bond ETF Bond ETF
Issuer State Street Vanguard
What it is Tracks an index of 1-3 month T-bills Tracks an index of Short-Term Inflation-Protected Securities
Total return, 1 year +3.7% +2.2%
Expense ratio 0.14% 0.03%
Holdings 26 26
Net assets, BIL as of Oct 27, 2026 and VTIP as of Sep 30, 2026 $48.7bn $20.9bn

BIL and VTIP 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.

VTIP

VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, BIL or VTIP?
In the year to Oct 28, 2026, with distributions reinvested, BIL returned +3.7% and VTIP +2.2%.
Which is cheaper, BIL or VTIP?
VTIP is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BIL vs BINCBIL vs USHYBIL vs SCHPBIL vs BNDXSHV vs VTIPPULS vs VTIPUSFR vs VTIPMINT vs VTIP
Where to next
BIL on its own →VTIP on its own →Hold both: look the portfolio through →Rankings →BIL dividend history →BIL holdings →VTIP dividend history →VTIP holdings →Standards and sources →
Sources and dates
BIL filings on SEC EDGAR ↗
BIL prospectus with the expense ratio (SEC) ↗
State Street website ↗
VTIP filings on SEC EDGAR ↗
VTIP prospectus with the expense ratio (SEC) ↗
Vanguard page for VTIP ↗

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

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