Which returned more over the last year, SHV or TBIL?

In the year to Oct 20, 2026, with distributions reinvested, SHV returned +3.6% and TBIL +3.7%.

Which is cheaper, SHV or TBIL?

Neither: SHV and TBIL both charge 0.15% a year. Fees come from each fund's prospectus.

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SHV vs TBIL: Differences, Returns & Fees

On May 31, 2026 SHV's duration was 0.3 years and TBIL's 0.2; both charge 0.15%. Net assets: $23.5bn on Oct 20, 2026 for iShares 0-1 Year Treasury Bond ETF, and $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund.

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Answers cite the figures on this page.

Both cost 0.15% a year; their one-year returns differ by 0.1 points; SHV is 3.1 times larger.

SHV vs TBIL: Differences, Returns & Fees
	SHV	TBIL
Expense ratio	0.15%	0.15%
Net assets, as of Oct 19, 2026	$23.5bn	$7.6bn
Total return, 1 year	+3.6%	+3.7%
What it tracks	ICE Short US Treasury Securities Index	Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)
Holdings in common	0%

Holdings in common uses holdings dated May 31, 2026.

+3.6%

SHV total return, 1 year

+3.7%

TBIL total return, 1 year

0.15%

SHV expense ratio

0.15%

TBIL expense ratio

Client brief · page 1 of 2Report BR-8E2753FD89

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

What each follows. SHV follows ICE Short US Treasury Securities Index and TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US).
Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026).
Number of holdings. SHV holds 67 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, SHV and TBIL hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding SHV TBIL

U.S. Treasury Bills, due Aug 27, 2026 0.25% 100.01%

Only in SHV

U.S. Treasury Bills, due Aug 25, 2026 4.95%

U.S. Treasury Bills, due Oct 29, 2026 4.49%

U.S. Treasury Bills, due Jul 28, 2026 4.42%

U.S. Treasury Bills, due Jun 2, 2026 4.23%

U.S. Treasury Bills, due Jul 14, 2026 4.10%

U.S. Treasury Bills, due Jun 16, 2026 3.74%

U.S. Treasury Bills, due Aug 18, 2026 3.54%

U.S. Treasury Bills, due Sep 29, 2026 3.34%

Only in TBIL

Check overlap with more funds →

On the same fields

SHV

iShares 0-1 Year Treasury Bond ETF

TBIL

F/m US Treasury 3 Month Bill Fund

Where it sits Bond ETF Bond ETF

Issuer iShares F/m

What it is Tracks an index of 0-1 Year Treasury Bond Tracks an index

Total return, 1 year +3.6% +3.7%

Expense ratio 0.15% 0.15%

Holdings 67 1

Net assets, SHV as of Oct 20, 2026 and TBIL as of Oct 19, 2026 $23.5bn $7.6bn

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

About SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

About TBIL

TBIL tracks an index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested.

Questions people ask

Which returned more over the last year, SHV or TBIL?: In the year to Oct 20, 2026, with distributions reinvested, SHV returned +3.6% and TBIL +3.7%.
Which is cheaper, SHV or TBIL?: Neither: SHV and TBIL both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

FLRN vs SHV BSCQ vs SHV GBIL vs SHV SHV vs TFLO BILS vs TBIL FLTR vs TBIL FLRN vs TBIL BSCQ vs TBIL

SHV on its own →TBIL on its own →Hold both: look the portfolio through →Rankings →SHV dividend history →SHV holdings →TBIL dividend history →TBIL holdings →Standards and sources →

Where these figures came from

SHV filings on SEC EDGAR ↗SHV prospectus with the expense ratio (SEC) ↗iShares page for SHV ↗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, SHV against TBIL, data as of Oct 20, 2026. https://etfiq.com/compare/any/shv-vs-tbil

Open data

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