Which returned more over the last year, USFR or VBIL?

In the year to Oct 28, 2026, with distributions reinvested, USFR returned +4.1% and VBIL +3.7%.

Which is cheaper, USFR 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.

Data as of Oct 28, 2026.

Across categories

USFR vs VBIL: Differences, Returns & Fees

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USFR's duration was 0.0 years on May 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to USFR's 0.15%.

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Net assets: $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.

USFR on its own →VBIL on its own →

At a glance

+4.1%

USFR total return, 1 year

+3.7%

VBIL total return, 1 year

0.15%

USFR expense ratio

0.06%

VBIL expense ratio

Pair scorecard

VBIL costs 0.09 points a year less; their one-year returns differ by 0.4 points.

USFR vs VBIL: Differences, Returns & Fees
Measure	USFR	VBIL
Return
Measure	USFR	VBIL
Total return, 1 year	+4.1%	+3.7%
Benchmark
Measure	USFR	VBIL
What it tracks	Bloomberg U.S. Treasury Floating Rate Bond Index	Bloomberg U.S. Treasury Bills 0-3 Months Index
Cost and size
Measure	USFR	VBIL
Expense ratio	0.15%	0.06%
Net assets, USFR as of May 31, 2026 and VBIL as of Sep 30, 2026	$17.0bn	$12.8bn
Holdings
Measure	USFR	VBIL
Holdings in common	report dates differ

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

Risk and return

Feb 21, 2025 to Oct 23, 2026 · 87 weekly returns

USFR VBIL

Return

Total return edge Tie +6.8% +6.7%

Annualized edge Tie +4.0% +3.9%

Price return edge VBIL 0.0% +0.8%

Risk

Volatility edge VBIL (slight) 0.2% 0.1%

Max drawdown edge USFR 0.0% 0.0%

Risk-adjusted

Sharpe edge USFR −0.16 −0.64

Sortino edge USFR −0.25 −0.90

Reading

USFR and VBIL returned about the same: +6.8% and +6.7%. VBIL swung slightly less: 0.1% to 0.2%. USFR fell less at its worst: 0.0% to 0.0%.

Full scorecard

8 measures, with how each is measured Open ↓

Risk and return: USFR vs VBIL: Differences, Returns & Fees
Measure	USFR	VBIL	Edge	How it is measured
Return
Total return	+6.8%	+6.7%	Tie	Price change plus distributions, reinvested.
Annualized	+4.0%	+3.9%	Tie	Total return as a yearly rate.
Price return	0.0%	+0.8%	VBIL	Price change alone, distributions left out.
Risk
Volatility	0.2%	0.1%	VBIL (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.1%	0.1%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	0.0%	0.0%	USFR	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.16	−0.64	USFR	Return above Treasury bills per unit of volatility.
Sortino	−0.25	−0.90	USFR	Return above Treasury bills per unit of downside deviation.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

USFR WisdomTree Floating Rate Treasury Fund VBIL Vanguard 0-3 Month Treasury Bill ETF

Where it sits Bond ETF Bond ETF

Issuer WisdomTree Vanguard

What it is Tracks an index of Floating Rate Treasury Tracks an index of 0-3 Month Treasury Bill

Total return, 1 year +4.1% +3.7%

Its benchmark over the same days +4.0% (TFLO) not measured

Gap to its benchmark +0.1 pts vs TFLO not measured

Expense ratio 0.15% 0.06%

Holdings 4 28

Net assets, USFR as of May 31, 2026 and VBIL as of Sep 30, 2026 $17.0bn $12.8bn

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

Client brief · page 1 of 2 Report BR-970766ED4A

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

What each follows. USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index and VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
Number of holdings. USFR holds 4 positions and VBIL holds 28.
One-year total return (similar). Over 1 year to Oct 28, 2026 USFR returned +4.1% and VBIL +3.7% with distributions reinvested, a gap of 0.4 points.

Data as of Oct 28, 2026.

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About each fund

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% 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.

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, USFR or VBIL?: In the year to Oct 28, 2026, with distributions reinvested, USFR returned +4.1% and VBIL +3.7%.
Which is cheaper, USFR 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

FLTR vs USFR IBTH vs USFR CLIP vs USFR FLDR vs USFR CLIP vs VBIL FLDR vs VBIL VBIL vs YEAR VBIL vs VGUS

Where to next

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

Sources and dates

USFR filings on SEC EDGAR ↗

USFR prospectus with the expense ratio (SEC) ↗

WisdomTree page for USFR ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, USFR against VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/usfr-vs-vbil

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