BILZ vs TBIL: Differences, Returns & Fees
BILZ's duration was 0.2 years on Jun 30, 2026 and TBIL's 0.2 on May 31, 2026; BILZ charges 0.14% to TBIL's 0.15%. Net assets: $1.0bn on Jun 30, 2026 for PIMCO Ultra Short Government Active Exchange-Traded Fund, and $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund.
BILZ costs 0.01 points a year less; both returned +3.7% over a year.
| BILZ | TBIL | |
|---|---|---|
| Expense ratio | 0.14% | 0.15% |
| Net assets, BILZ as of Jun 30, 2026 and TBIL as of Oct 19, 2026 | $1.0bn | $7.6bn |
| Total return, 1 year | +3.7% | +3.7% |
| What it tracks | No index, actively managed | Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US) |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
BILZ and TBIL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. BILZ follows No index, actively managed and TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
- Size. BILZ has $1.0bn in net assets and TBIL $7.6bn (net assets, BILZ as of Jun 30, 2026 and TBIL as of Oct 19, 2026); TBIL is 7.6 times larger.
- One-year total return (similar). Over 1 year to Oct 20, 2026 BILZ returned +3.7% and TBIL +3.7% 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
BILZ and TBIL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About BILZ
BILZ is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.
About TBIL
TBIL tracks an index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, BILZ or TBIL?
- In the year to Oct 20, 2026, with distributions reinvested, BILZ returned +3.7% and TBIL +3.7%.
- Which is cheaper, BILZ or TBIL?
- BILZ 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, BILZ against TBIL, data as of Oct 20, 2026. https://etfiq.com/compare/any/bilz-vs-tbil
ETFIQ. (Oct 20, 2026). BILZ against TBIL. Retrieved from https://etfiq.com/compare/any/bilz-vs-tbil
[BILZ against TBIL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/bilz-vs-tbil)
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