TBLL vs VNLA: Differences, Returns & Fees
TBLL's duration was 0.3 years on May 31, 2026 and VNLA's 0.8 on Jul 31, 2026; TBLL charges 0.08% to VNLA's 0.23%. Net assets: $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.
TBLL costs 0.15 points a year less; both returned +3.6% over a year.
| TBLL | VNLA | |
|---|---|---|
| Expense ratio | 0.08% | 0.23% |
| Net assets, TBLL as of Oct 20, 2026 and VNLA as of Jul 31, 2026 | $2.6bn | $3.3bn |
| Total return, 1 year | +3.6% | +3.6% |
| What it tracks | ICE U.S. Treasury Short Bond Index | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
TBLL and VNLA 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 VNLA follows No index, actively managed.
- Number of holdings. TBLL holds 93 positions and VNLA holds 336.
- Cost. TBLL charges 0.08% of assets a year and VNLA 0.23%, 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
TBLL and VNLA 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 VNLA
VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.
Questions people ask
- Which returned more over the last year, TBLL or VNLA?
- In the year to Oct 20, 2026, with distributions reinvested, TBLL returned +3.6% and VNLA +3.6%.
- Which is cheaper, TBLL or VNLA?
- TBLL 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, TBLL against VNLA, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbll-vs-vnla
ETFIQ. (Oct 20, 2026). TBLL against VNLA. Retrieved from https://etfiq.com/compare/any/tbll-vs-vnla
[TBLL against VNLA (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/tbll-vs-vnla)
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