FTSM vs TBIL: Differences, Returns & Fees
FTSM's duration was 0.7 years on Jul 31, 2026 and TBIL's 0.2 on May 31, 2026; TBIL charges 0.15% to FTSM's 0.29%. Net assets: $6.7bn on Oct 20, 2026 for First Trust Enhanced Short Maturity ETF, and $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund.
TBIL costs 0.14 points a year less; their one-year returns differ by 0.3 points; TBIL is 1.1 times larger.
| FTSM | TBIL | |
|---|---|---|
| Expense ratio | 0.29% | 0.15% |
| Net assets, as of Oct 19, 2026 | $6.7bn | $7.6bn |
| Total return, 1 year | +3.4% | +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 Jul 31, 2026.
FTSM and TBIL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FTSM follows No index, actively managed and TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
- Number of holdings. FTSM holds 740 positions and TBIL holds 1.
- Cost. FTSM charges 0.29% of assets a year and TBIL 0.15%, a gap of 0.14 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
FTSM and TBIL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FTSM
FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year.
About TBIL
TBIL tracks an index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, FTSM or TBIL?
- In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and TBIL +3.7%.
- Which is cheaper, FTSM or TBIL?
- TBIL is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, FTSM against TBIL, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-tbil
ETFIQ. (Oct 20, 2026). FTSM against TBIL. Retrieved from https://etfiq.com/compare/any/ftsm-vs-tbil
[FTSM against TBIL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ftsm-vs-tbil)
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