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VBIL vs VGUS: Differences, Returns & Fees

On Jun 30, 2026 VBIL's duration was 0.1 years and VGUS's 0.3; VBIL charges 0.06% to VGUS's 0.07%. Net assets on Sep 30, 2026: $12.8bn for Vanguard 0-3 Month Treasury Bill ETF and $1.2bn for Vanguard Ultra-Short Treasury ETF.

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Answers cite the figures on this page.

VBIL costs 0.01 points a year less; their one-year returns differ by 0.1 points; VBIL is 10.7 times larger.

VBIL vs VGUS: Differences, Returns & Fees
VBILVGUS
Expense ratio0.06%0.07%
Net assets, as of Sep 30, 2026$12.8bn$1.2bn
Total return, 1 year+3.7%+3.6%
What it tracksBloomberg U.S. Treasury Bills 0-3 Months IndexBloomberg Short Treasury Index
Holdings in common47%

Holdings in common uses holdings dated Jun 30, 2026.

+3.7%
VBIL total return, 1 year
+3.6%
VGUS total return, 1 year
0.06%
VBIL expense ratio
0.07%
VGUS expense ratio

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Client brief · page 1 of 2Report BR-B8130A4ADB

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

  1. What each follows. VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index and VGUS follows Bloomberg Short Treasury Index.
  2. Holdings in common. 47% of the weight is in the same securities (holdings dated Jun 30, 2026).
  3. Number of holdings. VBIL holds 28 positions and VGUS holds 90.

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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What they hold in common

By the books each fund has filed, VBIL and VGUS hold 47% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

half

47% in common

Positions both hold, largest shared weight first
Holding VBIL VGUS
TREASURY BILL, due Jul 9, 2026 6.78% 4.53%
TREASURY BILL, due Jul 2, 2026 5.61% 3.76%
TREASURY BILL, due Aug 6, 2026 6.10% 2.88%
TREASURY BILL, due Jul 16, 2026 5.41% 2.47%
TREASURY BILL, due Jul 23, 2026 5.18% 2.44%
TREASURY BILL, due Jul 30, 2026 5.12% 2.42%
TREASURY BILL, due Jul 14, 2026 5.17% 2.38%
TREASURY BILL, due Aug 27, 2026 3.63% 2.29%
TREASURY BILL, due Aug 13, 2026 3.66% 2.27%
TREASURY BILL, due Jul 7, 2026 5.02% 2.26%
TREASURY BILL, due Aug 20, 2026 3.54% 2.20%
TREASURY BILL, due Jul 21, 2026 5.15% 2.02%
Only in VBIL
Only in VGUS
TREASURY BILL, due Oct 1, 2026 1.94%
TREASURY BILL, due Oct 29, 2026 1.89%
TREASURY BILL, due Nov 27, 2026 1.77%
TREASURY BILL, due Oct 8, 2026 1.24%
TREASURY BILL, due Oct 22, 2026 1.24%
TREASURY BILL, due Oct 15, 2026 1.24%
US TREASURY N/B, due Jan 31, 2027 1.19%
TREASURY BILL, due Nov 5, 2026 1.16%

Check overlap with more funds →

On the same fields

VBIL
Vanguard 0-3 Month Treasury Bill ETF
VGUS
Vanguard Ultra-Short Treasury ETF
Where it sits Bond ETF Bond ETF
Issuer Vanguard Vanguard
What it is Tracks an index of 0-3 Month Treasury Bill Tracks an index
Total return, 1 year +3.7% +3.6%
Expense ratio 0.06% 0.07%
Holdings 28 90
Net assets, as of Sep 30, 2026 $12.8bn $1.2bn

VBIL and VGUS on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About VBIL

VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

About VGUS

VGUS tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, VBIL or VGUS?
In the year to Oct 20, 2026, with distributions reinvested, VBIL returned +3.7% and VGUS +3.6%.
Which is cheaper, VBIL or VGUS?
VBIL 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.
Other comparisons
BILZ vs VBILGSST vs VBILIBTG vs VBILDUSB vs VBILVGUS vs VUSBICSH vs VGUSGBIL vs VGUSFTSM vs VGUS
VBIL on its own →VGUS on its own →Hold both: look the portfolio through →Rankings →VBIL dividend history →VBIL holdings →VGUS dividend history →VGUS holdings →Standards and sources →
Where these figures came from
VBIL and VGUS filings on SEC EDGAR ↗VBIL and VGUS prospectus with the expense ratio (SEC) ↗Vanguard page for VBIL ↗Vanguard page for VGUS ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, VBIL against VGUS, data as of Oct 20, 2026. https://etfiq.com/compare/any/vbil-vs-vgus

Open data

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