TBIL vs VBIL: Differences, Returns & Fees
TBIL's duration was 0.2 years on May 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to TBIL's 0.15%. Net assets: $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.
VBIL costs 0.09 points a year less; both returned +3.7% over a year.
| TBIL | VBIL | |
|---|---|---|
| Expense ratio | 0.15% | 0.06% |
| Net assets, TBIL as of Oct 19, 2026 and VBIL as of Sep 30, 2026 | $7.6bn | $12.8bn |
| Total return, 1 year | +3.7% | +3.7% |
| What it tracks | Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US) | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.
TBIL and VBIL 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 VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
- Number of holdings. TBIL holds 1 positions and VBIL holds 28.
- One-year total return (similar). Over 1 year to Oct 20, 2026 TBIL returned +3.7% and VBIL +3.7% with distributions reinvested, a gap of 0.0 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 and VBIL 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 VBIL
VBIL tracks an index of 0-3 Month Treasury Bill. The prospectus expense ratio is 0.06% a year.
Questions people ask
- Which returned more over the last year, TBIL or VBIL?
- In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and VBIL +3.7%.
- Which is cheaper, TBIL or VBIL?
- VBIL is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, TBIL against VBIL, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbil-vs-vbil
ETFIQ. (Oct 20, 2026). TBIL against VBIL. Retrieved from https://etfiq.com/compare/any/tbil-vs-vbil
[TBIL against VBIL (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/tbil-vs-vbil)
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