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GSST vs TBIL: Differences, Returns & Fees

On May 31, 2026 GSST's duration was 0.5 years and TBIL's 0.2; TBIL charges 0.15% to GSST's 0.16%. Net assets on Oct 19, 2026: $1.7bn for Goldman Sachs Ultra Short Bond ETF and $7.6bn for F/m US Treasury 3 Month Bill Fund.

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Answers cite the figures on this page.

TBIL costs 0.01 points a year less; their one-year returns differ by 0.2 points; TBIL is 4.4 times larger.

GSST vs TBIL: Differences, Returns & Fees
GSSTTBIL
Expense ratio0.16%0.15%
Net assets, as of Oct 19, 2026$1.7bn$7.6bn
Total return, 1 year+3.9%+3.7%
What it tracksNo index, actively managedBloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026.

+3.9%
GSST total return, 1 year
+3.7%
TBIL total return, 1 year
0.16%
GSST expense ratio
0.15%
TBIL expense ratio

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Client brief · page 1 of 2Report BR-5DCADEE040

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

  1. What each follows. GSST follows No index, actively managed and TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026).
  3. Number of holdings. GSST holds 357 positions and TBIL holds 1.

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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What they hold in common

By the books each fund has filed, GSST and TBIL hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding GSST TBIL
Only in GSST
HBAN V4.871 04/12/28 BKNT, due Apr 12, 2028 1.23%
T 2.625 05/31/27, due May 31, 2027 1.20%
T 3.375 02/29/28, due Feb 29, 2028 1.15%
T 3.875 10/15/27, due Oct 15, 2027 1.06%
T 4.375 07/15/27, due Jul 15, 2027 0.93%
UBS 4.282 01/09/28 144A, due Jan 9, 2028 0.93%
Oracle Corp. 0% CP 02/10/2026, due Oct 2, 2026 0.92%
JPM V1.47 09/22/27, due Sep 22, 2027 0.88%
Only in TBIL
United States Treasury Bill, due Aug 27, 2026 100.01%

Check overlap with more funds →

On the same fields

GSST
Goldman Sachs Ultra Short Bond ETF
TBIL
F/m US Treasury 3 Month Bill Fund
Where it sits Bond ETF Bond ETF
Issuer Goldman Sachs F/m
What it is Actively managed Tracks an index
Total return, 1 year +3.9% +3.7%
Expense ratio 0.16% 0.15%
Holdings 357 1
Net assets, as of Oct 19, 2026 $1.7bn $7.6bn

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

About GSST

GSST is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.9% with distributions reinvested. The prospectus expense ratio is 0.16% 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, GSST or TBIL?
In the year to Oct 20, 2026, with distributions reinvested, GSST returned +3.9% and TBIL +3.7%.
Which is cheaper, GSST or TBIL?
TBIL 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.
Other comparisons
BILS vs GSSTGSST vs VNLABSCQ vs GSSTGSST vs IBDRIBTG vs TBILTBIL vs YEARTBIL vs VRIGTBIL vs XHLF
GSST on its own →TBIL on its own →Hold both: look the portfolio through →Rankings →GSST dividend history →GSST holdings →TBIL dividend history →TBIL holdings →Standards and sources →
Where these figures came from
GSST filings on SEC EDGAR ↗GSST prospectus with the expense ratio (SEC) ↗Goldman Sachs website ↗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.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

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

Open data

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