Data as of Oct 28, 2026.
VBIL vs VBR: Differences, Returns & Fees
Over the year to Oct 28, 2026, VBIL returned +3.7% to VBR's +17.6%; 0% of their weight is in the same names.
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Net assets on Sep 30, 2026: $12.8bn for Vanguard 0-3 Month Treasury Bill ETF and $35.1bn for Vanguard Morningstar Small-Cap Value ETF.
Pair scorecard
VBR costs 0.01 points a year less; their one-year returns differ by 13.9 points; VBR is 2.7 times larger.
| Measure | VBIL | VBR |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +17.6% |
| Drawdown | ||
| Below its high | 3.9%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Bills 0-3 Months Index | Morningstar US Small Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.06% | 0.05% |
| Net assets, as of Sep 30, 2026 | $12.8bn | $35.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 30% | |
| Top ten holdings, share of the fund | 5.9% | |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsVBR returned more: +25.9% to +6.7%. VBIL swung less: 0.1% to 15.5%. VBIL fell less at its worst: 0.0% to −13.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VBIL | VBR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +6.7% | +25.9% | VBR | Price change plus distributions, reinvested. |
| Annualized | +3.9% | +14.8% | VBR | Total return as a yearly rate. |
| Price return | +0.8% | +21.6% | VBR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.1% | 15.5% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.1% | 11.1% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | 0.0% | −13.9% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.64 | 0.71 | VBR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.90 | 0.99 | VBR | Return above Treasury bills per unit of downside deviation. |
| Calmar | Not measured | 1.06 | 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, VBIL and VBR hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
VBIL and VBR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VBIL and VBR do different jobs. What does each one do in a portfolio?
- What each follows. VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index and VBR follows Morningstar US Small Cap Value Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VBIL returned +3.7% and VBR +17.6% with distributions reinvested, a gap of 13.9 points.
Data as of Oct 28, 2026.
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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.
VBR
VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VBIL or VBR?
- In the year to Oct 28, 2026, with distributions reinvested, VBIL returned +3.7% and VBR +17.6%.
- Which is cheaper, VBIL or VBR?
- VBR is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, VBIL against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbil-vs-vbr
ETFIQ. (Oct 28, 2026). VBIL against VBR. Retrieved from https://etfiq.com/compare/any/vbil-vs-vbr
[VBIL against VBR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vbil-vs-vbr)
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