Data as of Oct 28, 2026.

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HYG vs VBIL: Differences, Returns & Fees

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HYG's duration was 2.9 years on Aug 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to HYG's 0.49%.

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Net assets: $17.5bn on Oct 27, 2026 for iShares iBoxx $ High Yield Corporate Bond ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.

At a glance
+1.3%
HYG total return, 1 year
+3.7%
VBIL total return, 1 year
0.49%
HYG expense ratio
0.06%
VBIL expense ratio

Pair scorecard

VBIL costs 0.43 points a year less; their one-year returns differ by 2.4 points; HYG is 1.3 times larger.

HYG vs VBIL: Differences, Returns & Fees
MeasureHYGVBIL
Return
Total return, 1 year+1.3%+3.7%
Benchmark
What it tracksMarkit iBoxx USD Liquid High Yield IndexBloomberg U.S. Treasury Bills 0-3 Months Index
Cost and size
Expense ratio0.49%0.06%
Net assets, as of Sep 30, 2026$16.8bn$12.8bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

What they share

0%

By the books each fund has filed, HYG and VBIL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYG VBIL
Only in one fund ↓
Only in HYG
1261229 BC Ltd, due Apr 15, 2032 0.50%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.45%
EchoStar Corp, due Nov 30, 2029 0.43%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.34%
Quikrete Holdings Inc, due Mar 1, 2032 0.32%
Cloud Software Group LLC, due Mar 31, 2029 0.32%
Cloud Software Group LLC, due Sep 30, 2029 0.32%
Galaxy Helios Data Centers II LLC, due Aug 1, 2031 0.30%
Only in VBIL
TREASURY BILL, due Jul 9, 2026 6.78%
TREASURY BILL, due Aug 6, 2026 6.10%
TREASURY BILL, due Jul 2, 2026 5.61%
TREASURY BILL, due Jul 16, 2026 5.41%
TREASURY BILL, due Jul 23, 2026 5.18%
TREASURY BILL, due Jul 14, 2026 5.17%
TREASURY BILL, due Jul 21, 2026 5.15%
TREASURY BILL, due Jul 30, 2026 5.12%
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Side by side

HYG iShares iBoxx $ High Yield Corporate Bond ETF VBIL Vanguard 0-3 Month Treasury Bill ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of US high yield bonds Tracks an index of 0-3 Month Treasury Bill
Total return, 1 year +1.3% +3.7%
Its benchmark over the same days −1.2% (IUSB) not measured
Gap to its benchmark +2.5 pts vs IUSB not measured
Expense ratio 0.49% 0.06%
Holdings 1332 28
Net assets, HYG as of Oct 27, 2026 and VBIL as of Sep 30, 2026 $17.5bn $12.8bn

HYG and VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
HYG

HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.

VBIL

VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, HYG or VBIL?
In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and VBIL +3.7%.
Which is cheaper, HYG or VBIL?
VBIL is cheaper, by 0.43 percentage points a year. That is about $43 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, HYG against VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-vbil

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