TBIL vs TBLL: Differences, Returns & Fees
On May 31, 2026 TBIL's duration was 0.2 years and TBLL's 0.3; TBLL charges 0.08% to TBIL's 0.15%. Net assets: $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund, and $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF.
TBLL costs 0.07 points a year less; their one-year returns differ by 0.1 points; TBIL is 2.9 times larger.
| TBIL | TBLL | |
|---|---|---|
| Expense ratio | 0.15% | 0.08% |
| Net assets, as of Oct 19, 2026 | $7.6bn | $2.7bn |
| Total return, 1 year | +3.7% | +3.6% |
| What it tracks | Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US) | ICE U.S. Treasury Short Bond Index |
| Holdings in common | 1% | |
Holdings in common uses holdings dated May 31, 2026.
TBIL and TBLL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US) and TBLL follows ICE U.S. Treasury Short Bond Index.
- Holdings in common. 1% of the weight is in the same securities (holdings dated May 31, 2026).
- Number of holdings. TBIL holds 1 positions and TBLL holds 93.
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, TBIL and TBLL hold 1% of their money in the same securities at the same weight. Holdings dated May 31, 2026.
half
1% in common
On the same fields
TBIL and TBLL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
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, TBIL or TBLL?
- In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and TBLL +3.6%.
- Which is cheaper, TBIL or TBLL?
- TBLL 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.
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, TBIL against TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbil-vs-tbll
ETFIQ. (Oct 20, 2026). TBIL against TBLL. Retrieved from https://etfiq.com/compare/any/tbil-vs-tbll
[TBIL against TBLL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/tbil-vs-tbll)
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