GSY vs TBIL: Differences, Returns & Fees
GSY's duration was 0.8 years on Jul 31, 2026 and TBIL's 0.2 on May 31, 2026; TBIL charges 0.15% to GSY's 0.22%. Net assets: $4.0bn on Oct 20, 2026 for Invesco Ultra Short Duration ETF, and $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund.
TBIL costs 0.07 points a year less; both returned +3.7% over a year; TBIL is 1.9 times larger.
| GSY | TBIL | |
|---|---|---|
| Expense ratio | 0.22% | 0.15% |
| Net assets, as of Oct 19, 2026 | $4.0bn | $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 Jul 31, 2026.
GSY and TBIL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GSY follows No index, actively managed and TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
- Number of holdings. GSY holds 414 positions and TBIL holds 1.
- One-year total return (similar). Over 1 year to Oct 20, 2026 GSY 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
GSY and TBIL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About GSY
GSY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested, against +3.7% for its benchmark, the ICE BofA US Treasury Bill Index. The prospectus expense ratio is 0.22% 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, GSY or TBIL?
- In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and TBIL +3.7%.
- Which is cheaper, GSY or TBIL?
- TBIL is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, GSY against TBIL, data as of Oct 20, 2026. https://etfiq.com/compare/any/gsy-vs-tbil
ETFIQ. (Oct 20, 2026). GSY against TBIL. Retrieved from https://etfiq.com/compare/any/gsy-vs-tbil
[GSY against TBIL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/gsy-vs-tbil)
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