Data as of Oct 28, 2026.
USHY vs VBIL: Differences, Returns & Fees
USHY's duration was 3.0 years on Jul 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to USHY's 0.08%.
askIQ about this page
askIQ about USHY and VBIL
Net assets: $26.3bn on Oct 27, 2026 for iShares Broad USD High Yield Corporate Bond ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.
Pair scorecard
VBIL costs 0.02 points a year less; their one-year returns differ by 2.0 points; USHY is 2.0 times larger.
| Measure | USHY | VBIL |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.7% | +3.7% |
| Benchmark | ||
| What it tracks | ICE BofA US High Yield Constrained Index | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.06% |
| Net assets, as of Sep 30, 2026 | $26.0bn | $12.8bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsUSHY returned slightly more: +7.2% to +6.7%. VBIL swung less: 0.1% to 4.2%. VBIL fell less at its worst: 0.0% to −3.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USHY | VBIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +7.2% | +6.7% | USHY (slight) | Price change plus distributions, reinvested. |
| Annualized | +4.2% | +3.9% | USHY (slight) | Total return as a yearly rate. |
| Price return | −4.4% | +0.8% | VBIL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.2% | 0.1% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.1% | 0.1% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −3.6% | 0.0% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.07 | −0.64 | USHY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.09 | −0.90 | USHY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.18 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, USHY and VBIL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
USHY and VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USHY and VBIL do different jobs. What does each one do in a portfolio?
- What each follows. USHY follows ICE BofA US High Yield Constrained Index and VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USHY returned +1.7% and VBIL +3.7% with distributions reinvested, a gap of 2.0 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% 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, USHY or VBIL?
- In the year to Oct 28, 2026, with distributions reinvested, USHY returned +1.7% and VBIL +3.7%.
- Which is cheaper, USHY or VBIL?
- VBIL is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus.
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, USHY against VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/ushy-vs-vbil
ETFIQ. (Oct 28, 2026). USHY against VBIL. Retrieved from https://etfiq.com/compare/any/ushy-vs-vbil
[USHY against VBIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ushy-vs-vbil)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.