Which returned more over the last year, BILS or BILZ?

In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and BILZ +3.7%.

Which is cheaper, BILS or BILZ?

Neither: BILS and BILZ both charge 0.14% a year. Fees come from each fund's prospectus.

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BILS vs BILZ: Differences, Returns & Fees

On Jun 30, 2026 BILS's duration was 0.4 years and BILZ's 0.2; both charge 0.14%. Net assets: $3.9bn on Oct 20, 2026 for State Street SPDR Bloomberg 3-12 Month T-Bill ETF, and $1.0bn on Jun 30, 2026 for PIMCO Ultra Short Government Active Exchange-Traded Fund.

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Answers cite the figures on this page.

Both cost 0.14% a year; their one-year returns differ by 0.1 points; BILS is 3.8 times larger.

BILS vs BILZ: Differences, Returns & Fees
	BILS	BILZ
Expense ratio	0.14%	0.14%
Net assets, as of Jun 30, 2026	$3.9bn	$1.0bn
Total return, 1 year	+3.6%	+3.7%
What it tracks	not read by ETFIQ	No index, actively managed
Holdings in common	7%

Holdings in common uses holdings dated Jun 30, 2026.

+3.6%

BILS total return, 1 year

+3.7%

BILZ total return, 1 year

0.14%

BILS expense ratio

0.14%

BILZ expense ratio

Client brief · page 1 of 2Report BR-044B6FE58D

BILS and BILZ are built for the same job. How do they differ in cost, holdings and results?

What each follows. BILS follows not read by ETFIQ and BILZ follows No index, actively managed.
Holdings in common. 7% of the weight is in the same securities (holdings dated Jun 30, 2026).
Size. BILS has $3.9bn in net assets and BILZ $1.0bn (net assets, as of Jun 30, 2026); BILS is 3.9 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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What they hold in common

By the books each fund has filed, BILS and BILZ hold 7% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

half

7% in common

Positions both hold, largest shared weight first

Holding BILS BILZ

U.S. Treasury Bills, due Sep 24, 2026 4.40% 45.05%

U.S. Treasury Bills, due Oct 27, 2026 2.56% 26.38%

Only in BILS

U.S. Treasury Bills, due Oct 1, 2026 6.87%

U.S. Treasury Bills, due Oct 29, 2026 6.70%

U.S. Treasury Bills, due Nov 27, 2026 6.44%

U.S. Treasury Bills, due Dec 24, 2026 5.34%

U.S. Treasury Bills, due Oct 8, 2026 4.47%

U.S. Treasury Bills, due Oct 15, 2026 4.47%

U.S. Treasury Bills, due Sep 10, 2026 4.29%

U.S. Treasury Bills, due Oct 22, 2026 4.21%

Only in BILZ

U.S. Treasury Bills, due Jul 21, 2026 21.33%

U.S. Treasury Bills, due Aug 4, 2026 15.43%

U.S. Treasury Bills, due Aug 18, 2026 13.15%

Check overlap with more funds →

On the same fields

BILS

State Street SPDR Bloomberg 3-12 Month T-Bill ETF

BILZ

PIMCO Ultra Short Government Active Exchange-Traded Fund

Where it sits Bond ETF Bond ETF

Issuer State Street PIMCO

What it is Tracks an index Actively managed

Total return, 1 year +3.6% +3.7%

Expense ratio 0.14% 0.14%

Holdings 23 not counted

Net assets, BILS as of Oct 20, 2026 and BILZ as of Jun 30, 2026 $3.9bn $1.0bn

BILS and BILZ on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BILS

BILS tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

About BILZ

BILZ is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested.

Questions people ask

Which returned more over the last year, BILS or BILZ?: In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and BILZ +3.7%.
Which is cheaper, BILS or BILZ?: Neither: BILS and BILZ both charge 0.14% a year. Fees come from each fund's prospectus.

Other comparisons

BILS vs VGUS BILS vs RAVI BILS vs YEAR BILS vs GSST BILZ vs GSY BILZ vs IBDS BILZ vs FLTR BILZ vs BSCR

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

Where these figures came from

BILS filings on SEC EDGAR ↗BILS prospectus with the expense ratio (SEC) ↗State Street website ↗BILZ filings on SEC EDGAR ↗BILZ prospectus with the expense ratio (SEC) ↗PIMCO website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, BILS against BILZ, data as of Oct 20, 2026. https://etfiq.com/compare/any/bils-vs-bilz

Open data

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