Which returned more over the last year, TBLL or TBUX?

In the year to Oct 20, 2026, with distributions reinvested, TBLL returned +3.6% and TBUX +3.9%.

Which is cheaper, TBLL or TBUX?

TBLL 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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TBLL vs TBUX: Differences, Returns & Fees

On May 31, 2026 TBLL's duration was 0.3 years and TBUX's 0.7; TBLL charges 0.08% to TBUX's 0.17%. Net assets: $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF, and $1.9bn on Oct 19, 2026 for T. Rowe Price Ultra Short-Term Bond ETF.

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Answers cite the figures on this page.

TBLL costs 0.09 points a year less; their one-year returns differ by 0.3 points; TBLL is 1.4 times larger.

TBLL vs TBUX: Differences, Returns & Fees
	TBLL	TBUX
Expense ratio	0.08%	0.17%
Net assets, as of Oct 19, 2026	$2.7bn	$1.9bn
Total return, 1 year	+3.6%	+3.9%
What it tracks	ICE U.S. Treasury Short Bond Index	No index, actively managed
Holdings in common	1%

Holdings in common uses holdings dated May 31, 2026.

+3.6%

TBLL total return, 1 year

+3.9%

TBUX total return, 1 year

0.08%

TBLL expense ratio

0.17%

TBUX expense ratio

Client brief · page 1 of 2Report BR-0977B9188C

TBLL and TBUX are built for the same job. How do they differ in cost, holdings and results?

What each follows. TBLL follows ICE U.S. Treasury Short Bond Index and TBUX follows No index, actively managed.
Holdings in common. 1% of the weight is in the same securities (holdings dated May 31, 2026).
Number of holdings. TBLL holds 93 positions and TBUX holds 622.

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, TBLL and TBUX hold 1% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

half

1% in common

Positions both hold, largest shared weight first

Holding TBLL TBUX

U.S. Treasury Bills, due Jun 25, 2026 2.65% 0.48%

U.S. Treasury Bills, due Sep 24, 2026 1.34% 0.47%

U.S. Treasury Notes/Bonds, due Feb 28, 2027 0.21% 0.16%

U.S. Treasury Notes/Bonds, due Dec 31, 2026 1.14% 0.14%

U.S. Treasury Notes/Bonds, due Jan 31, 2027 0.39% 0.08%

U.S. Treasury Notes, due Jul 31, 2026 1.82% 0.05%

Only in TBLL

U.S. Treasury Bills, due Jun 18, 2026 2.79%

U.S. Treasury Bills, due Jun 4, 2026 2.68%

U.S. Treasury Bills, due Jul 2, 2026 2.62%

U.S. Treasury Bills, due Jul 9, 2026 2.57%

U.S. Treasury Bills, due Jul 16, 2026 2.30%

U.S. Treasury Bills, due Sep 3, 2026 2.23%

U.S. Treasury Bills, due Oct 29, 2026 2.15%

U.S. Treasury Bills, due Aug 6, 2026 2.13%

Only in TBUX

US TREASURY N/B 02/28 3.375, due Feb 29, 2028 1.65%

FNMA POOL MA4919 FN 02/53 FIXED 5.5, due Feb 1, 2053 1.61%

BRUNSWICK CORP DISC, due Jun 2, 2026 1.00%

INTERNAL FLV+FGR INC, due Jun 23, 2026 0.93%

JP MORGAN CHASE COMMERCIAL MOR JPMCC 2016 NINE A 144A, due Sep 6, 2038 0.78%

PHILLIPS 66, due Jun 3, 2026 0.70%

HOMES TRUST HOMES 2026 NQM3 A1 144A, due Apr 27, 2071 0.68%

BATTALION CLO LTD BATLN 2021 19A AR 144A, due Apr 15, 2034 0.67%

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On the same fields

TBLL

Invesco Short Term Treasury ETF

TBUX

T. Rowe Price Ultra Short-Term Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Invesco T. Rowe Price

What it is Tracks an index Actively managed

Total return, 1 year +3.6% +3.9%

Its benchmark over the same days +3.6% (TRSY) −1.9% (AGG)

Gap to its benchmark 0.0 pts vs TRSY +5.8 pts vs AGG

Expense ratio 0.08% 0.17%

Holdings 93 622

Net assets, TBLL as of Oct 20, 2026 and TBUX as of Oct 19, 2026 $2.6bn $1.9bn

TBLL and TBUX on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.

About TBUX

TBUX is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.9% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.17% a year.

Questions people ask

Which returned more over the last year, TBLL or TBUX?: In the year to Oct 20, 2026, with distributions reinvested, TBLL returned +3.6% and TBUX +3.9%.
Which is cheaper, TBLL or TBUX?: TBLL 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.

Other comparisons

TBLL vs XHLF TBLL vs VRIG IBTG vs TBLL GSST vs TBLL CLIP vs TBUX BSCQ vs TBUX FLRN vs TBUX TBUX vs VNLA

TBLL on its own →TBUX on its own →Hold both: look the portfolio through →Rankings →TBLL dividend history →TBLL holdings →TBUX dividend history →TBUX holdings →Standards and sources →

Where these figures came from

TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗TBUX filings on SEC EDGAR ↗TBUX prospectus with the expense ratio (SEC) ↗T. Rowe Price website ↗

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, TBLL against TBUX, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbll-vs-tbux

Open data

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