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BILS vs TBLL: Differences, Returns & Fees

BILS's duration was 0.4 years on Jun 30, 2026 and TBLL's 0.3 on May 31, 2026; TBLL charges 0.08% to BILS's 0.14%. Net assets on Oct 20, 2026: $3.9bn for State Street SPDR Bloomberg 3-12 Month T-Bill ETF and $2.6bn for Invesco Short Term Treasury ETF.

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Answers cite the figures on this page.

TBLL costs 0.06 points a year less; both returned +3.6% over a year; BILS is 1.5 times larger.

BILS vs TBLL: Differences, Returns & Fees
BILSTBLL
Expense ratio0.14%0.08%
Net assets$3.9bn$2.6bn
Total return, 1 year+3.6%+3.6%
What it tracksnot read by ETFIQICE U.S. Treasury Short Bond 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%
TBLL total return, 1 year
0.14%
BILS expense ratio
0.08%
TBLL expense ratio

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Client brief · page 1 of 2Report BR-B12F806863

BILS and TBLL 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 TBLL follows ICE U.S. Treasury Short Bond Index.
  2. Number of holdings. BILS holds 23 positions and TBLL holds 93.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 BILS returned +3.6% and TBLL +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.

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On the same fields

BILS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
TBLL
Invesco Short Term Treasury ETF
Where it sits Bond ETF Bond ETF
Issuer State Street Invesco
What it is Tracks an index Tracks an index
Total return, 1 year +3.6% +3.6%
Its benchmark over the same days not measured +3.6% (TRSY)
Gap to its benchmark not measured 0.0 pts vs TRSY
Expense ratio 0.14% 0.08%
Holdings 23 93
Net assets $3.9bn $2.6bn

BILS and TBLL 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 TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, BILS or TBLL?
In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and TBLL +3.6%.
Which is cheaper, BILS or TBLL?
TBLL is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILS vs XHLFBILS vs VRIGBILS vs RAVIBILS vs BILZFLTR vs TBLLBSCR vs TBLLTBLL vs VNLAFLRN vs TBLL
BILS on its own →TBLL on its own →Hold both: look the portfolio through →Rankings →BILS dividend history →BILS holdings →TBLL dividend history →TBLL holdings →Standards and sources →
Where these figures came from
BILS filings on SEC EDGAR ↗BILS prospectus with the expense ratio (SEC) ↗State Street website ↗TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗

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

Open data

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