BILS vs USFR: Differences, Returns & Fees
BILS's duration was 0.4 years on Jun 30, 2026 and USFR's 0.0 on May 31, 2026; BILS charges 0.14% to USFR's 0.15%. Net assets: $3.9bn on Oct 20, 2026 for State Street SPDR Bloomberg 3-12 Month T-Bill ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
BILS costs 0.01 points a year less; their one-year returns differ by 0.4 points; USFR is 5.1 times larger.
| BILS | USFR | |
|---|---|---|
| Expense ratio | 0.14% | 0.15% |
| Net assets, as of Feb 28, 2025 | $3.4bn | $17.7bn |
| Total return, 1 year | +3.6% | +4.0% |
| What it tracks | not read by ETFIQ | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
BILS and USFR 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 USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Number of holdings. BILS holds 23 positions and USFR holds 4.
- Size. BILS has $3.4bn in net assets and USFR $17.7bn (net assets, as of Feb 28, 2025); USFR is 5.2 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 and USFR 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 USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, BILS or USFR?
- In the year to Oct 20, 2026, with distributions reinvested, BILS returned +3.6% and USFR +4.0%.
- Which is cheaper, BILS or USFR?
- 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.
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ETFIQ, BILS against USFR, data as of Oct 20, 2026. https://etfiq.com/compare/any/bils-vs-usfr
ETFIQ. (Oct 20, 2026). BILS against USFR. Retrieved from https://etfiq.com/compare/any/bils-vs-usfr
[BILS against USFR (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/bils-vs-usfr)
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