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TBIL vs VUSB: Differences, Returns & Fees

TBIL's duration was 0.2 years on May 31, 2026 and VUSB's 1.0 on Jun 30, 2026; VUSB charges 0.10% to TBIL's 0.15%. Net assets: $7.6bn on Oct 19, 2026 for F/m US Treasury 3 Month Bill Fund, and $9.9bn on Sep 30, 2026 for Vanguard Ultra-Short Bond ETF.

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Answers cite the figures on this page.

VUSB costs 0.05 points a year less; their one-year returns differ by 0.3 points.

TBIL vs VUSB: Differences, Returns & Fees
TBILVUSB
Expense ratio0.15%0.10%
Net assets, TBIL as of Oct 19, 2026 and VUSB as of Sep 30, 2026$7.6bn$9.9bn
Total return, 1 year+3.7%+3.4%
What it tracksBloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)No index, actively managed
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
+3.4%
VUSB total return, 1 year
0.15%
TBIL expense ratio
0.10%
VUSB expense ratio

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Client brief · page 1 of 2Report BR-61387A5715

TBIL and VUSB 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 VUSB follows No index, actively managed.
  2. Number of holdings. TBIL holds 1 positions and VUSB holds 1344.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 TBIL returned +3.7% and VUSB +3.4% 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
VUSB
Vanguard Ultra-Short Bond ETF
Where it sits Bond ETF Bond ETF
Issuer F/m Vanguard
What it is Tracks an index Actively managed
Total return, 1 year +3.7% +3.4%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +5.3 pts vs AGG
Expense ratio 0.15% 0.10%
Holdings 1 1344
Net assets, TBIL as of Oct 19, 2026 and VUSB as of Sep 30, 2026 $7.6bn $9.9bn

TBIL and VUSB 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 VUSB

VUSB is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.

Questions people ask

Which returned more over the last year, TBIL or VUSB?
In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and VUSB +3.4%.
Which is cheaper, TBIL or VUSB?
VUSB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
ICSH vs TBILFLOT vs TBILGBIL vs TBILTBIL vs VBILFTSM vs VUSBBSCR vs VUSBIBDS vs VUSBGSY vs VUSB
TBIL on its own →VUSB on its own →Hold both: look the portfolio through →Rankings →TBIL dividend history →TBIL holdings →VUSB dividend history →VUSB 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 ↗VUSB filings on SEC EDGAR ↗VUSB prospectus with the expense ratio (SEC) ↗Vanguard page for VUSB ↗

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

Open data

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