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VBIL vs VNLA: Differences, Returns & Fees

VBIL's duration was 0.1 years on Jun 30, 2026 and VNLA's 0.8 on Jul 31, 2026; VBIL charges 0.06% to VNLA's 0.23%. Net assets: $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.

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Answers cite the figures on this page.

VBIL costs 0.17 points a year less; their one-year returns differ by 0.1 points.

VBIL vs VNLA: Differences, Returns & Fees
VBILVNLA
Expense ratio0.06%0.23%
Net assets, VBIL as of Sep 30, 2026 and VNLA as of Jul 31, 2026$12.8bn$3.3bn
Total return, 1 year+3.7%+3.6%
What it tracksBloomberg U.S. Treasury Bills 0-3 Months IndexNo index, actively managed
Holdings in commonreport dates differ

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

+3.7%
VBIL total return, 1 year
+3.6%
VNLA total return, 1 year
0.06%
VBIL expense ratio
0.23%
VNLA expense ratio

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Client brief · page 1 of 2Report BR-BE19C91BA6

VBIL and VNLA 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 VNLA follows No index, actively managed.
  2. Number of holdings. VBIL holds 28 positions and VNLA holds 336.
  3. Cost. VBIL charges 0.06% of assets a year and VNLA 0.23%, a gap of 0.17 points.

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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On the same fields

VBIL
Vanguard 0-3 Month Treasury Bill ETF
VNLA
Janus Henderson Short Duration Income ETF
Where it sits Bond ETF Bond ETF
Issuer Vanguard Janus Henderson
What it is Tracks an index of 0-3 Month Treasury Bill Actively managed
Total return, 1 year +3.7% +3.6%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +5.5 pts vs AGG
Expense ratio 0.06% 0.23%
Holdings 28 336
Net assets, VBIL as of Sep 30, 2026 and VNLA as of Jul 31, 2026 $12.8bn $3.3bn

VBIL and VNLA 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 VNLA

VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.

Questions people ask

Which returned more over the last year, VBIL or VNLA?
In the year to Oct 20, 2026, with distributions reinvested, VBIL returned +3.7% and VNLA +3.6%.
Which is cheaper, VBIL or VNLA?
VBIL is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FLRN vs VBILFLTR vs VBILBSCQ vs VBILIBDR vs VBILFLTR vs VNLAFLRN vs VNLABILZ vs VNLAFLOT vs VNLA
VBIL on its own →VNLA on its own →Hold both: look the portfolio through →Rankings →VBIL dividend history →VBIL holdings →VNLA dividend history →VNLA holdings →Standards and sources →
Where these figures came from
VBIL filings on SEC EDGAR ↗VBIL prospectus with the expense ratio (SEC) ↗Vanguard page for VBIL ↗VNLA filings on SEC EDGAR ↗VNLA prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, VBIL against VNLA, data as of Oct 20, 2026. https://etfiq.com/compare/any/vbil-vs-vnla

Open data

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