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TBIL vs VGUS: Differences, Returns & Fees

TBIL's duration was 0.2 years on May 31, 2026 and VGUS's 0.3 on Jun 30, 2026; VGUS charges 0.07% to TBIL's 0.15%. Net assets: $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund, and $1.2bn on Sep 30, 2026 for Vanguard Ultra-Short Treasury ETF.

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Answers cite the figures on this page.

VGUS costs 0.08 points a year less; their one-year returns differ by 0.1 points.

TBIL vs VGUS: Differences, Returns & Fees
TBILVGUS
Expense ratio0.15%0.07%
Net assets, TBIL as of Oct 19, 2026 and VGUS as of Sep 30, 2026$7.6bn$1.2bn
Total return, 1 year+3.7%+3.6%
What it tracksBloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)Bloomberg Short Treasury Index
Holdings in commonreport dates differ

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

+3.7%
TBIL total return, 1 year
+3.6%
VGUS total return, 1 year
0.15%
TBIL expense ratio
0.07%
VGUS expense ratio

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Client brief · page 1 of 2Report BR-8A9856F06B

TBIL and VGUS 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 VGUS follows Bloomberg Short Treasury Index.
  2. Number of holdings. TBIL holds 1 positions and VGUS holds 90.
  3. Size. TBIL has $7.6bn in net assets and VGUS $1.2bn (net assets, TBIL as of Oct 19, 2026 and VGUS as of Sep 30, 2026); TBIL is 6.3 times larger.

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
VGUS
Vanguard Ultra-Short Treasury ETF
Where it sits Bond ETF Bond ETF
Issuer F/m Vanguard
What it is Tracks an index Tracks an index
Total return, 1 year +3.7% +3.6%
Expense ratio 0.15% 0.07%
Holdings 1 90
Net assets, TBIL as of Oct 19, 2026 and VGUS as of Sep 30, 2026 $7.6bn $1.2bn

TBIL and VGUS 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 VGUS

VGUS tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, TBIL or VGUS?
In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and VGUS +3.6%.
Which is cheaper, TBIL or VGUS?
VGUS is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILZ vs TBILTBIL vs YEARTBIL vs TBUXFLDR vs TBILGBIL vs VGUSTFLO vs VGUSFTSM vs VGUSVGUS vs VUSB
TBIL on its own →VGUS on its own →Hold both: look the portfolio through →Rankings →TBIL dividend history →TBIL holdings →VGUS dividend history →VGUS 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 ↗VGUS filings on SEC EDGAR ↗VGUS prospectus with the expense ratio (SEC) ↗Vanguard page for VGUS ↗

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 VGUS, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbil-vs-vgus

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