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Data as of Oct 28, 2026.

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TLT vs VBIL: Differences, Returns & Fees

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TLT's duration was 15.1 years on Aug 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to TLT's 0.15%.

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Net assets: $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.

TLT on its own →VBIL on its own →
At a glance
−7.9%
TLT total return, 1 year
+3.7%
VBIL total return, 1 year
0.15%
TLT expense ratio
0.06%
VBIL expense ratio

Pair scorecard

VBIL costs 0.09 points a year less; their one-year returns differ by 11.6 points; TLT is 3.6 times larger.

TLT vs VBIL: Differences, Returns & Fees
MeasureTLTVBIL
Return
Total return, 1 year−7.9%+3.7%
Drawdown
Below its high42.6%, high on Aug 4, 2020
Benchmark
What it tracksICE U.S. Treasury 20+ Year Bond IndexBloomberg U.S. Treasury Bills 0-3 Months Index
Cost and size
Expense ratio0.15%0.06%
Net assets, as of Sep 30, 2026$46.2bn$12.8bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

What they share

0%

By the books each fund has filed, TLT and VBIL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first TLT VBIL
Only in one fund ↓
Only in TLT
U.S. Treasury Bonds, due May 15, 2055 4.46%
U.S. Treasury Bonds, due May 15, 2054 4.40%
U.S. Treasury Bonds, due Aug 15, 2053 4.18%
U.S. Treasury Bonds, due Feb 15, 2054 4.03%
U.S. Treasury Bonds, due Feb 15, 2056 3.94%
U.S. Treasury Bonds, due Aug 15, 2054 3.94%
U.S. Treasury Bonds, due Nov 15, 2053 3.92%
U.S. Treasury Bonds, due Feb 15, 2055 3.80%
Only in VBIL
TREASURY BILL, due Jul 9, 2026 6.78%
TREASURY BILL, due Aug 6, 2026 6.10%
TREASURY BILL, due Jul 2, 2026 5.61%
TREASURY BILL, due Jul 16, 2026 5.41%
TREASURY BILL, due Jul 23, 2026 5.18%
TREASURY BILL, due Jul 14, 2026 5.17%
TREASURY BILL, due Jul 21, 2026 5.15%
TREASURY BILL, due Jul 30, 2026 5.12%
Check overlap with more funds →

Side by side

TLT iShares 20+ Year Treasury Bond ETF VBIL Vanguard 0-3 Month Treasury Bill ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Vanguard
What it is Tracks an index of 20+ year Treasuries Tracks an index of 0-3 Month Treasury Bill
Total return, 1 year −7.9% +3.7%
Its benchmark over the same days −7.8% (BBLB) not measured
Gap to its benchmark −0.1 pts vs BBLB not measured
Expense ratio 0.15% 0.06%
Holdings 47 28
Net assets, TLT as of Oct 27, 2026 and VBIL as of Sep 30, 2026 $47.4bn $12.8bn

TLT and VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
TLT

TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.

VBIL

VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

Questions people ask

Which returned more over the last year, TLT or VBIL?
In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and VBIL +3.7%.
Which is cheaper, TLT or VBIL?
VBIL 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
TLT vs VUSBTLT vs USFRBIL vs TLTSGOV vs TLTEDV vs VBILVBIL vs VGLTIUSB vs VBILIEF vs VBIL
Where to next
TLT on its own →VBIL on its own →Hold both: look the portfolio through →Rankings →TLT dividend history →TLT holdings →VBIL dividend history →VBIL holdings →Standards and sources →
Sources and dates
TLT filings on SEC EDGAR ↗
TLT prospectus with the expense ratio (SEC) ↗
iShares page for TLT ↗
VBIL filings on SEC EDGAR ↗
VBIL prospectus with the expense ratio (SEC) ↗
Vanguard page for VBIL ↗

Links are sources, not endorsements. 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, TLT against VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/tlt-vs-vbil

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