TBLL vs USFR: Differences, Returns & Fees
On May 31, 2026 TBLL's duration was 0.3 years and USFR's 0.0; TBLL charges 0.08% to USFR's 0.15%. Net assets: $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
TBLL costs 0.07 points a year less; their one-year returns differ by 0.4 points; USFR is 6.6 times larger.
| TBLL | USFR | |
|---|---|---|
| Expense ratio | 0.08% | 0.15% |
| Net assets, as of May 31, 2026 | $2.6bn | $17.0bn |
| Total return, 1 year | +3.6% | +4.0% |
| What it tracks | ICE U.S. Treasury Short Bond Index | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026.
TBLL and USFR 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 USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026).
- Number of holdings. TBLL holds 93 positions and USFR holds 4.
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 USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026.
half
0% in common
On the same fields
TBLL and USFR 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 USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, TBLL or USFR?
- In the year to Oct 20, 2026, with distributions reinvested, TBLL returned +3.6% and USFR +4.0%.
- Which is cheaper, TBLL or USFR?
- TBLL is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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 USFR, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbll-vs-usfr
ETFIQ. (Oct 20, 2026). TBLL against USFR. Retrieved from https://etfiq.com/compare/any/tbll-vs-usfr
[TBLL against USFR (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/tbll-vs-usfr)
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