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TBIL vs TFLO: Differences, Returns & Fees

TBIL's duration was 0.2 years on May 31, 2026 and TFLO's 0.0 on Jul 31, 2026; both charge 0.15%. Net assets: $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund, and $7.2bn on Oct 20, 2026 for iShares Treasury Floating Rate Bond ETF.

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Answers cite the figures on this page.

Both cost 0.15% a year; their one-year returns differ by 0.3 points.

Points (pts) are percentage points.

TBIL vs TFLO: Differences, Returns & Fees
TBILTFLO
Expense ratio0.15%0.15%
Net assets, as of Oct 19, 2026$7.6bn$7.2bn
Total return, 1 year+3.7%+4.0%
What it tracksBloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)Bloomberg U.S. Treasury Floating Rate Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+3.7%
TBIL total return, 1 year
+4.0%
TFLO total return, 1 year
0.15%
TBIL expense ratio
0.15%
TFLO expense ratio

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Client brief · page 1 of 2Report BR-78703BDA5D

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

  1. What each follows. TBIL follows Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US) and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
  2. Number of holdings. TBIL holds 1 positions and TFLO holds 8.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 TBIL returned +3.7% and TFLO +4.0% with distributions reinvested, a gap of 0.3 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

TBIL
F/m US Treasury 3 Month Bill Fund
TFLO
iShares Treasury Floating Rate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer F/m iShares
What it is Tracks an index Tracks an index
Total return, 1 year +3.7% +4.0%
Its benchmark over the same days not measured +4.0% (USFR)
Gap to its benchmark not measured −0.1 pts vs USFR
Expense ratio 0.15% 0.15%
Holdings 1 8
Net assets, TBIL as of Oct 19, 2026 and TFLO as of Oct 20, 2026 $7.6bn $7.2bn

TBIL and TFLO 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 TFLO

TFLO tracks an index. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Index.

Questions people ask

Which returned more over the last year, TBIL or TFLO?
In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and TFLO +4.0%.
Which is cheaper, TBIL or TFLO?
Neither: TBIL and TFLO both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
FTSM vs TBILGBIL vs TBILTBIL vs VUSBBSCR vs TBILFLDR vs TFLOGBIL vs TFLOFTSM vs TFLOTFLO vs VUSB
TBIL on its own →TFLO on its own →Hold both: look the portfolio through →Rankings →TBIL dividend history →TBIL holdings →TFLO dividend history →TFLO holdings →Standards and sources →
Where these figures came from
TBIL filings on SEC EDGAR ↗TBIL prospectus with the expense ratio (SEC) ↗F/m page for TBIL ↗TFLO filings on SEC EDGAR ↗TFLO prospectus with the expense ratio (SEC) ↗iShares page for TFLO ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, TBIL against TFLO, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbil-vs-tflo

Open data

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