TBIL vs VRIG: Differences, Returns & Fees
TBIL's duration was 0.2 years on May 31, 2026 and VRIG's 0.3 on Jul 31, 2026; TBIL charges 0.15% to VRIG's 0.30%. Net assets: $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund, and $1.9bn on Oct 20, 2026 for Invesco Variable Rate Investment Grade ETF.
TBIL costs 0.15 points a year less; their one-year returns differ by 0.6 points; TBIL is 3.9 times larger.
| TBIL | VRIG | |
|---|---|---|
| Expense ratio | 0.15% | 0.30% |
| Net assets, as of Oct 19, 2026 | $7.6bn | $1.9bn |
| Total return, 1 year | +3.7% | +4.3% |
| What it tracks | Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US) | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
TBIL and VRIG 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 VRIG follows No index, actively managed.
- Number of holdings. TBIL holds 1 positions and VRIG holds 363.
- Cost. TBIL charges 0.15% of assets a year and VRIG 0.30%, a gap of 0.15 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 VRIG 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 VRIG
VRIG is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.30% a year.
Questions people ask
- Which returned more over the last year, TBIL or VRIG?
- In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and VRIG +4.3%.
- Which is cheaper, TBIL or VRIG?
- TBIL is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, TBIL against VRIG, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbil-vs-vrig
ETFIQ. (Oct 20, 2026). TBIL against VRIG. Retrieved from https://etfiq.com/compare/any/tbil-vs-vrig
[TBIL against VRIG (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/tbil-vs-vrig)
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