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FLOT vs TBIL: Differences, Returns & Fees

FLOT's duration was 0.0 years on Jul 31, 2026 and TBIL's 0.2 on May 31, 2026; both charge 0.15%. Net assets: $11.5bn on Oct 20, 2026 for iShares Floating Rate Bond ETF, and $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund.

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Answers cite the figures on this page.

Both cost 0.15% a year; their one-year returns differ by 0.6 points; FLOT is 1.5 times larger.

FLOT vs TBIL: Differences, Returns & Fees
FLOTTBIL
Expense ratio0.15%0.15%
Net assets, as of Oct 19, 2026$11.5bn$7.6bn
Total return, 1 year+4.3%+3.7%
What it tracksnot read by ETFIQBloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)
Holdings in commonreport dates differ

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

+4.3%
FLOT total return, 1 year
+3.7%
TBIL total return, 1 year
0.15%
FLOT expense ratio
0.15%
TBIL expense ratio

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Client brief · page 1 of 2Report BR-82A1C38602

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

  1. What each follows. FLOT follows not read by ETFIQ and TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
  2. Number of holdings. FLOT holds 557 positions and TBIL holds 1.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 FLOT returned +4.3% and TBIL +3.7% with distributions reinvested, a gap of 0.6 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

FLOT
iShares Floating Rate Bond ETF
TBIL
F/m US Treasury 3 Month Bill Fund
Where it sits Bond ETF Bond ETF
Issuer iShares F/m
What it is Tracks an index Tracks an index
Total return, 1 year +4.3% +3.7%
Expense ratio 0.15% 0.15%
Holdings 557 1
Net assets, FLOT as of Oct 20, 2026 and TBIL as of Oct 19, 2026 $11.5bn $7.6bn

FLOT and TBIL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FLOT

FLOT tracks an index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

About TBIL

TBIL tracks an index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested.

Questions people ask

Which returned more over the last year, FLOT or TBIL?
In the year to Oct 20, 2026, with distributions reinvested, FLOT returned +4.3% and TBIL +3.7%.
Which is cheaper, FLOT or TBIL?
Neither: FLOT and TBIL both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
FLOT vs GBILFLOT vs TFLOFLOT vs FTSMFLOT vs ICSHTBIL vs VBILTBIL vs VUSBICSH vs TBILGBIL vs TBIL
FLOT on its own →TBIL on its own →Hold both: look the portfolio through →Rankings →FLOT dividend history →FLOT holdings →TBIL dividend history →TBIL holdings →Standards and sources →
Where these figures came from
FLOT filings on SEC EDGAR ↗FLOT prospectus with the expense ratio (SEC) ↗iShares page for FLOT ↗TBIL filings on SEC EDGAR ↗TBIL prospectus with the expense ratio (SEC) ↗F/m page for TBIL ↗

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, FLOT against TBIL, data as of Oct 20, 2026. https://etfiq.com/compare/any/flot-vs-tbil

Open data

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