Data as of Oct 28, 2026.
VBIL vs VTIP: Differences, Returns & Fees
On Jun 30, 2026 VBIL's duration was 0.1 years and VTIP's 2.3; VTIP charges 0.03% to VBIL's 0.06%.
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Net assets on Sep 30, 2026: $12.8bn for Vanguard 0-3 Month Treasury Bill ETF and $20.9bn for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.
Pair scorecard
VTIP costs 0.03 points a year less; their one-year returns differ by 1.5 points; VTIP is 1.6 times larger.
| Measure | VBIL | VTIP |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +2.2% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Bills 0-3 Months Index | Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index |
| Cost and size | ||
| Expense ratio | 0.06% | 0.03% |
| Net assets, as of Sep 30, 2026 | $12.8bn | $20.9bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsVBIL and VTIP returned about the same: +6.7% and +6.7%. VBIL swung less: 0.1% to 1.7%. VBIL fell less at its worst: 0.0% to −1.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VBIL | VTIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +6.7% | +6.7% | Tie | Price change plus distributions, reinvested. |
| Annualized | +3.9% | +3.9% | Tie | Total return as a yearly rate. |
| Price return | +0.8% | −0.6% | VBIL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.1% | 1.7% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.1% | 1.3% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | 0.0% | −1.1% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.64 | −0.05 | VTIP | Return above Treasury bills per unit of volatility. |
| Sortino | −0.90 | −0.07 | VTIP | Return above Treasury bills per unit of downside deviation. |
| Calmar | Not measured | 3.70 | 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 VTIP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
VBIL and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VBIL and VTIP 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 VTIP follows Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 VBIL returned +3.7% and VTIP +2.2% with distributions reinvested, a gap of 1.5 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.
VTIP
VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, VBIL or VTIP?
- In the year to Oct 28, 2026, with distributions reinvested, VBIL returned +3.7% and VTIP +2.2%.
- Which is cheaper, VBIL or VTIP?
- VTIP is cheaper, by 0.03 percentage points a year. That is about $3 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, VBIL against VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbil-vs-vtip
ETFIQ. (Oct 28, 2026). VBIL against VTIP. Retrieved from https://etfiq.com/compare/any/vbil-vs-vtip
[VBIL against VTIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vbil-vs-vtip)
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