A
vs
B
Share
Compare their flowsAsk IQ about these two funds

BILS vs SHV: Differences, Returns & Fees

BILS's duration was 0.4 years on Jun 30, 2026 and SHV's 0.3 on May 31, 2026; BILS charges 0.14% to SHV's 0.15%. Net assets on Oct 20, 2026: $3.9bn for State Street SPDR Bloomberg 3-12 Month T-Bill ETF and $23.5bn for iShares 0-1 Year Treasury Bond ETF.

Ask IQ about this page

Ask IQ about BILS and SHV

Answers cite the figures on this page.

BILS costs 0.01 points a year less; both returned +3.6% over a year; SHV is 5.9 times larger.

BILS vs SHV: Differences, Returns & Fees
BILSSHV
Expense ratio0.14%0.15%
Net assets$3.9bn$23.5bn
Total return, 1 year+3.6%+3.6%
What it tracksnot read by ETFIQICE Short US Treasury Securities Index
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
+3.6%
SHV total return, 1 year
0.14%
BILS expense ratio
0.15%
SHV expense ratio

Get BILS and SHV fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-0AA9EA5FE5

BILS and SHV 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 SHV follows ICE Short US Treasury Securities Index.
  2. Size. BILS has $3.9bn in net assets and SHV $23.5bn (Net assets); SHV is 6.0 times larger.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 BILS returned +3.6% and SHV +3.6% with distributions reinvested, a gap of 0.0 points.

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.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

On the same fields

BILS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
SHV
iShares 0-1 Year Treasury Bond ETF
Where it sits Bond ETF Bond ETF
Issuer State Street iShares
What it is Tracks an index Tracks an index of 0-1 Year Treasury Bond
Total return, 1 year +3.6% +3.6%
Expense ratio 0.14% 0.15%
Holdings 23 67
Net assets $3.9bn $23.5bn

BILS and SHV 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 SHV

SHV tracks an index of 0-1 Year Treasury Bond. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BILS or SHV?
In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and SHV +3.6%.
Which is cheaper, BILS or SHV?
BILS is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILS vs FLTRBILS vs VNLABILS vs FLRNBILS vs BSCQGSY vs SHVIBDS vs SHVFLTR vs SHVBSCR vs SHV
BILS on its own →SHV on its own →Hold both: look the portfolio through →Rankings →BILS dividend history →BILS holdings →SHV dividend history →SHV holdings →Standards and sources →
Where these figures came from
BILS filings on SEC EDGAR ↗BILS prospectus with the expense ratio (SEC) ↗State Street website ↗SHV filings on SEC EDGAR ↗SHV prospectus with the expense ratio (SEC) ↗iShares page for SHV ↗

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 SHV, data as of Oct 20, 2026. https://etfiq.com/compare/any/bils-vs-shv

Open data

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