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BILS vs JPST: Differences, Returns & Fees

BILS's duration was 0.4 years on Jun 30, 2026 and JPST's 0.8 on May 31, 2026; BILS charges 0.14% to JPST's 0.18%. Net assets on Oct 20, 2026: $3.9bn for State Street SPDR Bloomberg 3-12 Month T-Bill ETF and $42.8bn for JPMorgan Ultra-Short Income ETF.

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Answers cite the figures on this page.

BILS costs 0.04 points a year less; their one-year returns differ by 0.2 points; JPST is 10.8 times larger.

BILS vs JPST: Differences, Returns & Fees
BILSJPST
Expense ratio0.14%0.18%
Net assets$3.9bn$42.8bn
Total return, 1 year+3.6%+3.4%
What it tracksnot read by ETFIQNo index, actively managed
Holdings in commonreport dates differ

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

+3.6%
BILS total return, 1 year
+3.4%
JPST total return, 1 year
0.14%
BILS expense ratio
0.18%
JPST expense ratio

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Client brief · page 1 of 2Report BR-3A0E7617D5

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

  1. What each follows. BILS follows not read by ETFIQ and JPST follows No index, actively managed.
  2. Number of holdings. BILS holds 23 positions and JPST holds 824.
  3. Size. BILS has $3.9bn in net assets and JPST $42.8bn (Net assets); JPST is 11.0 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

BILS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
JPST
JPMorgan Ultra-Short Income ETF
Where it sits Bond ETF Bond ETF
Issuer State Street JPMorgan
What it is Tracks an index Actively managed
Total return, 1 year +3.6% +3.4%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +5.4 pts vs AGG
Expense ratio 0.14% 0.18%
Holdings 23 824
Net assets $3.9bn $42.8bn

BILS and JPST 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 JPST

JPST is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.18% a year.

Questions people ask

Which returned more over the last year, BILS or JPST?
In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and JPST +3.4%.
Which is cheaper, BILS or JPST?
BILS is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILS vs SHVBILS vs PULSBILS vs USFRBILS vs SGOVGSY vs JPSTIBDS vs JPSTFLTR vs JPSTBSCR vs JPST
BILS on its own →JPST on its own →Hold both: look the portfolio through →Rankings →BILS dividend history →BILS holdings →JPST dividend history →JPST holdings →Standards and sources →
Where these figures came from
BILS filings on SEC EDGAR ↗BILS prospectus with the expense ratio (SEC) ↗State Street website ↗JPST filings on SEC EDGAR ↗JPST prospectus with the expense ratio (SEC) ↗JPMorgan website ↗

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

Cite this pageCitation, APA and Markdown

ETFIQ, BILS against JPST, data as of Oct 20, 2026. https://etfiq.com/compare/any/bils-vs-jpst

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