Data as of Oct 28, 2026.
VBIL vs VUSB: Differences, Returns & Fees
On Jun 30, 2026 VBIL's duration was 0.1 years and VUSB's 1.0; VBIL charges 0.06% to VUSB's 0.10%.
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Net assets on Sep 30, 2026: $12.8bn for Vanguard 0-3 Month Treasury Bill ETF and $9.9bn for Vanguard Ultra-Short Bond ETF.
Pair scorecard
VBIL costs 0.04 points a year less; their one-year returns differ by 0.2 points; VBIL is 1.3 times larger.
| Measure | VBIL | VUSB |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +3.5% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Bills 0-3 Months Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.06% | 0.10% |
| Net assets, as of Sep 30, 2026 | $12.8bn | $9.9bn |
| 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 returnsVUSB returned slightly more: +7.1% to +6.7%. VBIL swung less: 0.1% to 0.6%. VBIL fell less at its worst: 0.0% to −0.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VBIL | VUSB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +6.7% | +7.1% | VUSB (slight) | Price change plus distributions, reinvested. |
| Annualized | +3.9% | +4.2% | VUSB (slight) | Total return as a yearly rate. |
| Price return | +0.8% | −0.5% | VBIL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.1% | 0.6% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.1% | 0.5% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | 0.0% | −0.4% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.64 | 0.23 | VUSB | Return above Treasury bills per unit of volatility. |
| Sortino | −0.90 | 0.31 | VUSB | Return above Treasury bills per unit of downside deviation. |
| Calmar | Not measured | 11.98 | 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 VUSB 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 VUSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VBIL and VUSB are built for the same job. How do they differ in cost, holdings and results?
- What each follows. VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index and VUSB follows No index, actively managed.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026).
- Number of holdings. VBIL holds 28 positions and VUSB holds 1344.
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.
VUSB
VUSB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.
Questions people ask
- Which returned more over the last year, VBIL or VUSB?
- In the year to Oct 28, 2026, with distributions reinvested, VBIL returned +3.7% and VUSB +3.5%.
- Which is cheaper, VBIL or VUSB?
- VBIL is cheaper, by 0.04 percentage points a year. That is about $4 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 VUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbil-vs-vusb
ETFIQ. (Oct 28, 2026). VBIL against VUSB. Retrieved from https://etfiq.com/compare/any/vbil-vs-vusb
[VBIL against VUSB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vbil-vs-vusb)
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