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TBIL vs YEAR: Differences, Returns & Fees

On May 31, 2026 TBIL's duration was 0.2 years and YEAR's 0.9; TBIL charges 0.15% to YEAR's 0.25%. Net assets on Oct 19, 2026: $7.6bn for F/m US Treasury 3 Month Bill Fund and $1.6bn for AB Ultra Short Income ETF.

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Answers cite the figures on this page.

TBIL costs 0.10 points a year less; their one-year returns differ by 0.9 points; TBIL is 4.8 times larger.

TBIL vs YEAR: Differences, Returns & Fees
TBILYEAR
Expense ratio0.15%0.25%
Net assets, as of Oct 19, 2026$7.6bn$1.6bn
Total return, 1 year+3.7%+2.8%
What it tracksBloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index (I00087US)No index, actively managed
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026.

+3.7%
TBIL total return, 1 year
+2.8%
YEAR total return, 1 year
0.15%
TBIL expense ratio
0.25%
YEAR expense ratio

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Client brief · page 1 of 2Report BR-F2696BD8D0

TBIL and YEAR 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 YEAR follows No index, actively managed.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026).
  3. Number of holdings. TBIL holds 1 positions and YEAR holds 141.

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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What they hold in common

By the books each fund has filed, TBIL and YEAR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding TBIL YEAR
Only in TBIL
United States Treasury Bill, due Aug 27, 2026 100.01%
Only in YEAR
U.S. Treasury Notes, due Feb 15, 2028 8.19%
U.S. Treasury Notes, due Mar 31, 2028 4.51%
U.S. Treasury Notes, due Dec 31, 2026 4.25%
U.S. Treasury Floating Rate Notes, due Jul 31, 2026 4.20%
U.S. Treasury Notes, due Apr 30, 2028 2.52%
U.S. Treasury Notes, due Jul 15, 2028 2.51%
U.S. Treasury Notes, due Feb 29, 2028 2.46%
U.S. Treasury Notes, due Apr 15, 2029 1.98%

Check overlap with more funds →

On the same fields

TBIL
F/m US Treasury 3 Month Bill Fund
YEAR
AB Ultra Short Income ETF
Where it sits Bond ETF Bond ETF
Issuer F/m AllianceBernstein
What it is Tracks an index Actively managed
Total return, 1 year +3.7% +2.8%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +4.8 pts vs AGG
Expense ratio 0.15% 0.25%
Holdings 1 141
Net assets, as of Oct 19, 2026 $7.6bn $1.6bn

TBIL and YEAR 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 YEAR

YEAR is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +2.8% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.25% a year.

Questions people ask

Which returned more over the last year, TBIL or YEAR?
In the year to Oct 20, 2026, with distributions reinvested, TBIL returned +3.7% and YEAR +2.8%.
Which is cheaper, TBIL or YEAR?
TBIL is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
RAVI vs TBILTBIL vs VGUSFLDR vs TBILCLIP vs TBILGBIL vs YEARTFLO vs YEARFTSM vs YEARVUSB vs YEAR
TBIL on its own →YEAR on its own →Hold both: look the portfolio through →Rankings →TBIL dividend history →TBIL holdings →YEAR dividend history →YEAR 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 ↗YEAR filings on SEC EDGAR ↗YEAR prospectus with the expense ratio (SEC) ↗

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

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

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

Open data

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