GSY vs TBLL: Differences, Returns & Fees
GSY's duration was 0.8 years on Jul 31, 2026 and TBLL's 0.3 on May 31, 2026; TBLL charges 0.08% to GSY's 0.22%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $2.6bn for Invesco Short Term Treasury ETF.
TBLL costs 0.14 points a year less; their one-year returns differ by 0.1 points; GSY is 1.5 times larger.
| GSY | TBLL | |
|---|---|---|
| Expense ratio | 0.22% | 0.08% |
| Net assets | $4.0bn | $2.6bn |
| Total return, 1 year | +3.7% | +3.6% |
| What it tracks | No index, actively managed | ICE U.S. Treasury Short Bond Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
GSY and TBLL 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 TBLL follows ICE U.S. Treasury Short Bond Index.
- Number of holdings. GSY holds 414 positions and TBLL holds 93.
- Cost. GSY charges 0.22% of assets a year and TBLL 0.08%, 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
GSY and TBLL 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 TBLL
TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, GSY or TBLL?
- In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and TBLL +3.6%.
- Which is cheaper, GSY or TBLL?
- TBLL 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, GSY against TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/gsy-vs-tbll
ETFIQ. (Oct 20, 2026). GSY against TBLL. Retrieved from https://etfiq.com/compare/any/gsy-vs-tbll
[GSY against TBLL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/gsy-vs-tbll)
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