{"url":"https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade","section":"rankings","title":"Cheapest Bond ETFs to Trade: Bid-Ask Spreads | ETFIQ","description":"BIL leads cheapest bond ETFs to trade at 0.005% (cost to trade), as of Oct 22, 2026. 100 funds from ETFIQ\u2019s own published figures.","as_of":"Oct 22, 2026","structured_data":[{"@type":"ItemList","name":"Cheapest bond ETFs to trade","numberOfItems":100,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"BIL","url":"https://etfiq.com/funds/bil"},{"@type":"ListItem","position":2,"name":"JNK","url":"https://etfiq.com/funds/jnk"},{"@type":"ListItem","position":3,"name":"BILS","url":"https://etfiq.com/funds/bils"},{"@type":"ListItem","position":4,"name":"TBLL","url":"https://etfiq.com/funds/tbll"},{"@type":"ListItem","position":5,"name":"TFLR","url":"https://etfiq.com/funds/tflr"},{"@type":"ListItem","position":6,"name":"JAAA","url":"https://etfiq.com/funds/jaaa"},{"@type":"ListItem","position":7,"name":"PULS","url":"https://etfiq.com/funds/puls"},{"@type":"ListItem","position":8,"name":"TBIL","url":"https://etfiq.com/funds/tbil"},{"@type":"ListItem","position":9,"name":"FTSM","url":"https://etfiq.com/funds/ftsm"},{"@type":"ListItem","position":10,"name":"JMBS","url":"https://etfiq.com/funds/jmbs"},{"@type":"ListItem","position":11,"name":"LMBS","url":"https://etfiq.com/funds/lmbs"},{"@type":"ListItem","position":12,"name":"SRLN","url":"https://etfiq.com/funds/srln"},{"@type":"ListItem","position":13,"name":"GSY","url":"https://etfiq.com/funds/gsy"},{"@type":"ListItem","position":14,"name":"SHM","url":"https://etfiq.com/funds/shm"},{"@type":"ListItem","position":15,"name":"VNLA","url":"https://etfiq.com/funds/vnla"},{"@type":"ListItem","position":16,"name":"TFI","url":"https://etfiq.com/funds/tfi"},{"@type":"ListItem","position":17,"name":"FIXD","url":"https://etfiq.com/funds/fixd"},{"@type":"ListItem","position":18,"name":"GTO","url":"https://etfiq.com/funds/gto"},{"@type":"ListItem","position":19,"name":"JBBB","url":"https://etfiq.com/funds/jbbb"},{"@type":"ListItem","position":20,"name":"XBIL","url":"https://etfiq.com/funds/xbil"},{"@type":"ListItem","position":21,"name":"STOT","url":"https://etfiq.com/funds/stot"},{"@type":"ListItem","position":22,"name":"UTWO","url":"https://etfiq.com/funds/utwo"},{"@type":"ListItem","position":23,"name":"ULST","url":"https://etfiq.com/funds/ulst"},{"@type":"ListItem","position":24,"name":"OBIL","url":"https://etfiq.com/funds/obil"},{"@type":"ListItem","position":25,"name":"UTEN","url":"https://etfiq.com/funds/uten"},{"@type":"ListItem","position":26,"name":"RBIL","url":"https://etfiq.com/funds/rbil"},{"@type":"ListItem","position":27,"name":"UFIV","url":"https://etfiq.com/funds/ufiv"},{"@type":"ListItem","position":28,"name":"UTRE","url":"https://etfiq.com/funds/utre"},{"@type":"ListItem","position":29,"name":"USVN","url":"https://etfiq.com/funds/usvn"},{"@type":"ListItem","position":30,"name":"TBUX","url":"https://etfiq.com/funds/tbux"},{"@type":"ListItem","position":31,"name":"SPIB","url":"https://etfiq.com/funds/spib"},{"@type":"ListItem","position":32,"name":"SPSB","url":"https://etfiq.com/funds/spsb"},{"@type":"ListItem","position":33,"name":"SPTS","url":"https://etfiq.com/funds/spts"},{"@type":"ListItem","position":34,"name":"FLRN","url":"https://etfiq.com/funds/flrn"},{"@type":"ListItem","position":35,"name":"HTRB","url":"https://etfiq.com/funds/htrb"},{"@type":"ListItem","position":36,"name":"PHYL","url":"https://etfiq.com/funds/phyl"},{"@type":"ListItem","position":37,"name":"HFSI","url":"https://etfiq.com/funds/hfsi"},{"@type":"ListItem","position":38,"name":"SPTB","url":"https://etfiq.com/funds/sptb"},{"@type":"ListItem","position":39,"name":"UTHY","url":"https://etfiq.com/funds/uthy"},{"@type":"ListItem","position":40,"name":"UTWY","url":"https://etfiq.com/funds/utwy"},{"@type":"ListItem","position":41,"name":"SPHY","url":"https://etfiq.com/funds/sphy"},{"@type":"ListItem","position":42,"name":"SPTL","url":"https://etfiq.com/funds/sptl"},{"@type":"ListItem","position":43,"name":"SPTI","url":"https://etfiq.com/funds/spti"},{"@type":"ListItem","position":44,"name":"SPAB","url":"https://etfiq.com/funds/spab"},{"@type":"ListItem","position":45,"name":"CGMU","url":"https://etfiq.com/funds/cgmu"},{"@type":"ListItem","position":46,"name":"CGCB","url":"https://etfiq.com/funds/cgcb"},{"@type":"ListItem","position":47,"name":"CGMS","url":"https://etfiq.com/funds/cgms"},{"@type":"ListItem","position":48,"name":"SJNK","url":"https://etfiq.com/funds/sjnk"},{"@type":"ListItem","position":49,"name":"HYMB","url":"https://etfiq.com/funds/hymb"},{"@type":"ListItem","position":50,"name":"CGHM","url":"https://etfiq.com/funds/cghm"},{"@type":"ListItem","position":51,"name":"UCON","url":"https://etfiq.com/funds/ucon"},{"@type":"ListItem","position":52,"name":"VRP","url":"https://etfiq.com/funds/vrp"},{"@type":"ListItem","position":53,"name":"CGSD","url":"https://etfiq.com/funds/cgsd"},{"@type":"ListItem","position":54,"name":"FTSL","url":"https://etfiq.com/funds/ftsl"},{"@type":"ListItem","position":55,"name":"SPBO","url":"https://etfiq.com/funds/spbo"},{"@type":"ListItem","position":56,"name":"VRIG","url":"https://etfiq.com/funds/vrig"},{"@type":"ListItem","position":57,"name":"CGSM","url":"https://etfiq.com/funds/cgsm"},{"@type":"ListItem","position":58,"name":"GOVI","url":"https://etfiq.com/funds/govi"},{"@type":"ListItem","position":59,"name":"PWZ","url":"https://etfiq.com/funds/pwz"},{"@type":"ListItem","position":60,"name":"SPIP","url":"https://etfiq.com/funds/spip"},{"@type":"ListItem","position":61,"name":"MYCH","url":"https://etfiq.com/funds/mych"},{"@type":"ListItem","position":62,"name":"BSJQ","url":"https://etfiq.com/funds/bsjq"},{"@type":"ListItem","position":63,"name":"FISR","url":"https://etfiq.com/funds/fisr"},{"@type":"ListItem","position":64,"name":"ICLO","url":"https://etfiq.com/funds/iclo"},{"@type":"ListItem","position":65,"name":"CGUI","url":"https://etfiq.com/funds/cgui"},{"@type":"ListItem","position":66,"name":"BSMR","url":"https://etfiq.com/funds/bsmr"},{"@type":"ListItem","position":67,"name":"BSMS","url":"https://etfiq.com/funds/bsms"},{"@type":"ListItem","position":68,"name":"BSJU","url":"https://etfiq.com/funds/bsju"},{"@type":"ListItem","position":69,"name":"EMHC","url":"https://etfiq.com/funds/emhc"},{"@type":"ListItem","position":70,"name":"BSMT","url":"https://etfiq.com/funds/bsmt"},{"@type":"ListItem","position":71,"name":"BSMQ","url":"https://etfiq.com/funds/bsmq"},{"@type":"ListItem","position":72,"name":"SEIX","url":"https://etfiq.com/funds/seix"},{"@type":"ListItem","position":73,"name":"PBTP","url":"https://etfiq.com/funds/pbtp"},{"@type":"ListItem","position":74,"name":"KCSH","url":"https://etfiq.com/funds/kcsh"},{"@type":"ListItem","position":75,"name":"MYCI","url":"https://etfiq.com/funds/myci"},{"@type":"ListItem","position":76,"name":"ZTRE","url":"https://etfiq.com/funds/ztre"},{"@type":"ListItem","position":77,"name":"OBND","url":"https://etfiq.com/funds/obnd"},{"@type":"ListItem","position":78,"name":"ZTEN","url":"https://etfiq.com/funds/zten"},{"@type":"ListItem","position":79,"name":"IIGD","url":"https://etfiq.com/funds/iigd"},{"@type":"ListItem","position":80,"name":"ZTWO","url":"https://etfiq.com/funds/ztwo"},{"@type":"ListItem","position":81,"name":"TLDR","url":"https://etfiq.com/funds/tldr"},{"@type":"ListItem","position":82,"name":"TAXE","url":"https://etfiq.com/funds/taxe"},{"@type":"ListItem","position":83,"name":"CGCP","url":"https://etfiq.com/funds/cgcp"},{"@type":"ListItem","position":84,"name":"SPMB","url":"https://etfiq.com/funds/spmb"},{"@type":"ListItem","position":85,"name":"BKLN","url":"https://etfiq.com/funds/bkln"},{"@type":"ListItem","position":86,"name":"BSCR","url":"https://etfiq.com/funds/bscr"},{"@type":"ListItem","position":87,"name":"PZA","url":"https://etfiq.com/funds/pza"},{"@type":"ListItem","position":88,"name":"BSCS","url":"https://etfiq.com/funds/bscs"},{"@type":"ListItem","position":89,"name":"BSCT","url":"https://etfiq.com/funds/bsct"},{"@type":"ListItem","position":90,"name":"BSCQ","url":"https://etfiq.com/funds/bscq"},{"@type":"ListItem","position":91,"name":"FTCB","url":"https://etfiq.com/funds/ftcb"},{"@type":"ListItem","position":92,"name":"PFFA","url":"https://etfiq.com/funds/pffa"},{"@type":"ListItem","position":93,"name":"EBND","url":"https://etfiq.com/funds/ebnd"},{"@type":"ListItem","position":94,"name":"TIPX","url":"https://etfiq.com/funds/tipx"},{"@type":"ListItem","position":95,"name":"PREF","url":"https://etfiq.com/funds/pref"},{"@type":"ListItem","position":96,"name":"FPEI","url":"https://etfiq.com/funds/fpei"},{"@type":"ListItem","position":97,"name":"BSCW","url":"https://etfiq.com/funds/bscw"},{"@type":"ListItem","position":98,"name":"FSIG","url":"https://etfiq.com/funds/fsig"},{"@type":"ListItem","position":99,"name":"BWX","url":"https://etfiq.com/funds/bwx"},{"@type":"ListItem","position":100,"name":"SPLB","url":"https://etfiq.com/funds/splb"}]},{"@type":"Dataset","name":"Cheapest bond ETFs to trade","description":"BIL leads cheapest bond ETFs to trade at 0.005% (cost to trade), as of Oct 22, 2026. 100 funds from ETFIQ\u2019s own published figures.","url":"https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}]},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What does an ETF\u2019s bid-ask spread cost?","acceptedAnswer":{"@type":"Answer","text":"Half the spread each way, on average, when you trade at the quote. A limit order at the midpoint plus half the spread caps it."}},{"@type":"Question","name":"Which ETF tops this list as of Oct 22, 2026?","acceptedAnswer":{"@type":"Answer","text":"BIL, at 0.005% one way, $0.50 on $10,000, from a 30-day median spread of 0.01% to Oct 22, 2026."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"Cheapest bond ETFs to trade","item":"https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade"}]},{"@type":"WebPage","name":"Cheapest Bond ETFs to Trade: Bid-Ask Spreads","description":"BIL leads cheapest bond ETFs to trade at 0.005% (cost to trade), as of Oct 22, 2026. 100 funds from ETFIQ\u2019s own published figures.","url":"https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":15264,"truncated":false,"content":"ETFIQ / Rankings / Cheapest bond ETFs to trade \n \n As of Oct 22, 2026 . Rebuilt every trading night.\n Cheapest bond ETFs to trade\n As of Oct 22, 2026, BIL\u2019s 30-day median bid-ask spread is 0.01%, so a $10,000 order costs $0.50 one way. See 100 funds ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs. Updated Oct 22, 2026.\n Cheapest bond ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs, as of Oct 22, 2026. Scores and tiers as of Oct 22, 2026. Cost to trade is one way for a $10,000 order, half the issuer\u2019s median spread over the 30 days to Sep 30, 2026 to Oct 22, 2026. Full cost to own is for $10,000 held a year, with the median premium over 12 months to Oct 22, 2026. Source: ETFIQ. # Ticker Fund Score Tier Cost to trade At $10,000 Full cost to own \u00b7 1 yr Fee Flags Net assets \n 1 BIL SPDR Bloomberg 1-3 Month T-Bill ETF 97 Trades like a giant 0.005% $0.50 0.15% 0.14% None $51.1bn \n 2 JNK State Street SPDR Bloomberg High Yield Bond ETF 94 Trades like a giant 0.005% $0.50 0.52% 0.40% None $5.6bn \n 3 BILS State Street SPDR Bloomberg 3-12 Month T-Bill ETF 97 Trades like a giant 0.005% $0.50 0.15% 0.14% None $4.0bn \n 4 TBLL Invesco Short Term Treasury ETF Not scored No tier 0.005% $0.50 Not measured 0.08% None $2.6bn \n 5 TFLR T. Rowe Price Floating Rate ETF Not scored No tier 0.010% $0.99 Not measured 0.61% None $864m \n 6 JAAA Janus Henderson AAA CLO ETF Not scored No tier 0.010% $1.00 Not measured 0.20% None $32.6bn \n 7 PULS PGIM Ultra Short Bond ETF Not scored No tier 0.010% $1.00 Not measured 0.15% None $19.8bn \n 8 TBIL F/m US Treasury 3 Month Bill Fund Not scored No tier 0.010% $1.00 Not measured 0.15% One dealer $7.6bn \n 9 FTSM First Trust Enhanced Short Maturity ETF Not scored No tier 0.010% $1.00 Not measured 0.29% None $6.7bn \n 10 JMBS Janus Henderson Mortgage-Backed Securities ETF Not scored No tier 0.010% $1.00 Not measured 0.21% None $6.7bn \n 11 LMBS First Trust Low Duration Opportunities ETF Not scored No tier 0.010% $1.00 Not measured 0.66% None $6.5bn \n 12 SRLN State Street Blackstone Senior Loan ETF 87 Trades like a giant 0.010% $1.00 0.81% 0.70% None $5.3bn \n 13 GSY Invesco Ultra Short Duration ETF Not scored No tier 0.010% $1.00 Not measured 0.22% None $4.0bn \n 14 SHM State Street SPDR Nuveen ICE Short Term Municipal Bond ETF 97 Trades like a giant 0.010% $1.00 0.27% 0.20% None $3.5bn \n 15 VNLA Janus Henderson Short Duration Income ETF Not scored No tier 0.010% $1.00 Not measured 0.23% None $3.3bn \n 16 TFI State Street SPDR Nuveen ICE Municipal Bond ETF 100 Trades like a giant 0.010% $1.00 0.30% 0.23% None $3.0bn \n 17 FIXD First Trust Smith Opportunistic Fixed Income ETF Not scored No tier 0.010% $1.00 Not measured 0.65% None $2.9bn \n 18 GTO Invesco Total Return Bond ETF Not scored No tier 0.010% $1.00 Not measured 0.35% None $2.6bn \n 19 JBBB Janus Henderson B-BBB CLO ETF Not scored No tier 0.010% $1.00 Not measured 0.47% None $1.4bn \n 20 XBIL F/m US Treasury 6 Month Bill ETF Not scored No tier 0.010% $1.00 Not measured 0.15% One dealer $784m \n 21 STOT State Street DoubleLine Short Duration Total Return Tactical ETF 89 Trades like a giant 0.010% $1.00 0.60% 0.45% None $544m \n 22 UTWO F/m US Treasury 2 Year Note ETF Not scored No tier 0.010% $1.00 Not measured 0.15% None $516m \n 23 ULST State Street Ultra Short Term Bond ETF 93 Trades like a giant 0.010% $1.00 0.24% 0.20% None $515m \n 24 OBIL F/m US Treasury 12 Month Bill ETF Not scored No tier 0.010% $1.00 Not measured 0.15% None $337m \n 25 UTEN F/m US Treasury 10 Year Note ETF Not scored No tier 0.010% $1.00 Not measured 0.15% None $263m \n 26 RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF Not scored No tier 0.010% $1.00 Not measured 0.17% None $175m \n 27 UFIV F/m US Treasury 5 Year Note ETF Not scored No tier 0.010% $1.00 Not measured 0.15% None $25m \n 28 UTRE F/m US Treasury 3 Year Note ETF Not scored No tier 0.010% $1.00 Not measured 0.15% One dealer $10m \n 29 USVN F/m US Treasury 7 Year Note ETF Not scored No tier 0.010% $1.00 Not measured 0.15% None $7m \n 30 TBUX T. Rowe Price Ultra Short-Term Bond ETF Not scored No tier 0.010% $1.01 Not measured 0.17% None $2.0bn \n 31 SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF 96 Trades like a giant 0.015% $1.50 0.10% 0.04% None $11.6bn \n 32 SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF 96 Trades like a giant 0.015% $1.50 0.09% 0.04% None $11.2bn \n 33 SPTS State Street SPDR Portfolio Short Term Treasury ETF 93 Trades like a giant 0.015% $1.50 0.08% 0.03% None $7.3bn \n 34 FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF 93 Trades like a giant 0.015% $1.50 0.24% 0.15% None $3.2bn \n 35 HTRB Hartford Total Return Bond ETF Not scored No tier 0.015% $1.50 Not measured 0.29% None $2.2bn \n 36 PHYL PGIM Active High Yield Bond ETF Not scored No tier 0.015% $1.50 Not measured 0.39% None $1.5bn \n 37 HFSI Hartford Strategic Income ETF Not scored No tier 0.015% $1.50 Not measured 0.49% One dealer $1.1bn \n 38 SPTB State Street SPDR Portfolio Treasury ETF 89 Trades like a giant 0.015% $1.50 0.09% 0.03% None $463m \n 39 UTHY F/m US Treasury 30 Year Bond ETF Not scored No tier 0.015% $1.50 Not measured 0.15% None $220m \n 40 UTWY F/m US Treasury 20 Year Bond ETF Not scored No tier 0.015% $1.50 Not measured 0.15% None $11m \n 41 SPHY State Street SPDR Portfolio High Yield Bond ETF 87 Trades like a giant 0.020% $2.00 0.23% 0.05% None $11.7bn \n 42 SPTL State Street SPDR Portfolio Long Term Treasury ETF 90 Trades like a giant 0.020% $2.00 0.10% 0.03% None $11.7bn \n 43 SPTI State Street SPDR Portfolio Intermediate Term Treasury ETF 90 Trades like a giant 0.020% $2.00 0.09% 0.03% None $10.9bn \n 44 SPAB State Street SPDR Portfolio Aggregate Bond ETF 86 Trades like a giant 0.020% $2.00 0.10% 0.03% None $10.5bn \n 45 CGMU Capital Group Municipal Income ETF Not scored No tier 0.020% $2.00 Not measured 0.27% None $7.4bn \n 46 CGCB Capital Group Core Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.27% None $6.7bn \n 47 CGMS Capital Group U.S. Multi-Sector Income ETF Not scored No tier 0.020% $2.00 Not measured 0.39% None $5.4bn \n 48 SJNK State Street SPDR Bloomberg Short Term High Yield Bond ETF 88 Trades like a giant 0.020% $2.00 0.56% 0.40% None $4.3bn \n 49 HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF 85 Trades like a giant 0.020% $2.00 0.73% 0.35% None $3.8bn \n 50 CGHM Capital Group Municipal High-Income ETF Not scored No tier 0.020% $2.00 Not measured 0.34% None $3.3bn \n 51 UCON First Trust Smith Unconstrained Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.86% None $3.1bn \n 52 VRP Invesco Variable Rate Preferred ETF Not scored No tier 0.020% $2.00 Not measured 0.50% None $3.0bn \n 53 CGSD Capital Group Short Duration Income ETF Not scored No tier 0.020% $2.00 Not measured 0.25% None $2.7bn \n 54 FTSL First Trust Senior Loan Fund Not scored No tier 0.020% $2.00 Not measured 0.70% None $2.5bn \n 55 SPBO State Street SPDR Portfolio Corporate Bond ETF 90 Trades like a giant 0.020% $2.00 0.13% 0.03% None $2.1bn \n 56 VRIG Invesco Variable Rate Investment Grade ETF Not scored No tier 0.020% $2.00 Not measured 0.30% None $1.9bn \n 57 CGSM Capital Group Short Duration Municipal Income ETF Not scored No tier 0.020% $2.00 Not measured 0.25% None $1.6bn \n 58 GOVI Invesco Equal Weight 0-30 Year Treasury ETF Not scored No tier 0.020% $2.00 Not measured 0.15% None $1.2bn \n 59 PWZ Invesco California AMT-Free Municipal Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.28% None $1.2bn \n 60 SPIP State Street SPDR Portfolio TIPS ETF 90 Trades like a giant 0.020% $2.00 0.18% 0.12% None $1.1bn \n 61 MYCH State Street My2028 Corporate Bond ETF 85 Trades like a giant 0.020% $2.00 0.27% 0.15% None $878m \n 62 BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.43% None $690m \n 63 FISR State Street Fixed Income Sector Rotation ETF 86 Trades like a giant 0.020% $2.00 0.58% 0.50% None $641m \n 64 ICLO Invesco AAA CLO Floating Rate Note ETF Not scored No tier 0.020% $2.00 Not measured 0.19% None $613m \n 65 CGUI Capital Group Ultra Short Income ETF Not scored No tier 0.020% $2.00 Not measured 0.18% None $374m \n 66 BSMR Invesco BulletShares 2027 Municipal Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.18% None $370m \n 67 BSMS Invesco BulletShares 2028 Municipal Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.18% None $350m \n 68 BSJU Invesco BulletShares 2030 High Yield Corporate Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.42% None $324m \n 69 EMHC State Street SPDR Bloomberg Emerging Markets USD Bond ETF 80 Liquid 0.020% $2.00 0.47% 0.23% None $315m \n 70 BSMT Invesco BulletShares 2029 Municipal Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.18% None $300m \n 71 BSMQ Invesco BulletShares 2026 Municipal Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.18% None $254m \n 72 SEIX Virtus Seix Senior Loan ETF Not scored No tier 0.020% $2.00 Not measured 0.57% None $251m \n 73 PBTP Invesco 0-5 Yr US TIPS ETF Not scored No tier 0.020% $2.00 Not measured 0.07% None $247m \n 74 KCSH KraneShares Sustainable Ultra Short Duration Index ETF Not scored No tier 0.020% $2.00 Not measured 0.20% None $161m \n 75 MYCI State Street My2029 Corporate Bond ETF 86 Trades like a giant 0.020% $2.00 0.24% 0.15% Small but liquid $58m \n 76 ZTRE F/m 3-Year Investment Grade Corporate Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.15% None $42m \n 77 OBND State Street Loomis Sayles Opportunistic Bond ETF 79 Liquid 0.020% $2.00 0.80% 0.55% Small but liquid $31m \n 78 ZTEN F/m 10-Year Investment Grade Corporate Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.15% One dealer $29m \n 79 IIGD Invesco Investment Grade Defensive ETF Not scored No tier 0.020% $2.00 Not measured 0.13% One dealer $24m \n 80 ZTWO F/m 2-Year Investment Grade Corporate Bond ETF Not scored No tier 0.020% $2.00 Not measured 0.15% None $18m \n 81 TLDR The Laddered T-Bill ETF Not scored No tier 0.020% $2.00 Not measured 0.20% None $11m \n 82 TAXE T. Rowe Price Intermediate Municipal Income ETF Not scored No tier 0.020% $2.03 Not measured 0.24% None $363m \n 83 CGCP Capital Group Core Plus Income ETF Not scored No tier 0.025% $2.50 Not measured 0.34% None $8.3bn \n 84 SPMB State Street SPDR Portfolio Mortgage Backed Bond ETF 88 Trades like a giant 0.025% $2.50 0.14% 0.04% None $6.9bn \n 85 BKLN Invesco Senior Loan ETF Not scored No tier 0.025% $2.50 Not measured 0.65% None $6.0bn \n 86 BSCR Invesco BulletShares 2027 Corporate Bond ETF Not scored No tier 0.025% $2.50 Not measured 0.10% None $4.5bn \n 87 PZA Invesco National AMT-Free Municipal Bond ETF Not scored No tier 0.025% $2.50 Not measured 0.28% None $4.1bn \n 88 BSCS Invesco BulletShares 2028 Corporate Bond ETF Not scored No tier 0.025% $2.50 Not measured 0.10% None $3.5bn \n 89 BSCT Invesco BulletShares 2029 Corporate Bond ETF Not scored No tier 0.025% $2.50 Not measured 0.10% None $3.1bn \n 90 BSCQ Invesco BulletShares 2026 Corporate Bond ETF Not scored No tier 0.025% $2.50 Not measured 0.10% None $3.0bn \n 91 FTCB First Trust Core Investment Grade ETF Not scored No tier 0.025% $2.50 Not measured 0.56% None $2.7bn \n 92 PFFA Virtus InfraCap U.S. Preferred Stock ETF Not scored No tier 0.025% $2.50 Not measured 2.11% None $2.5bn \n 93 EBND State Street SPDR Bloomberg Emerging Markets Local Bond ETF 82 Liquid 0.025% $2.50 0.52% 0.30% None $2.3bn \n 94 TIPX State Street SPDR Bloomberg 1-10 Year TIPS ETF 88 Trades like a giant 0.025% $2.50 0.23% 0.15% None $2.1bn \n 95 PREF Principal Spectrum Preferred Securities Active ETF Not scored No tier 0.025% $2.50 Not measured 0.55% One dealer $1.9bn \n 96 FPEI First Trust Institutional Preferred Securities and Income ETF Not scored No tier 0.025% $2.50 Not measured 0.85% None $1.8bn \n 97 BSCW Invesco BulletShares 2032 Corporate Bond ETF Not scored No tier 0.025% $2.50 Not measured 0.10% None $1.5bn \n 98 FSIG First Trust Limited Duration Investment Grade Corporate ETF Not scored No tier 0.025% $2.50 Not measured 0.44% None $1.5bn \n 99 BWX State Street SPDR Bloomberg International Treasury Bond ETF 75 Liquid 0.025% $2.50 0.56% 0.35% One dealer $1.3bn \n 100 SPLB State Street SPDR Portfolio Long Term Corporate Bond ETF 86 Trades like a giant 0.025% $2.50 0.20% 0.04% None $1.2bn \n \n Method\n Every ETF ETFIQ places among bond ETFs whose issuer states a 30-day median bid-ask spread, by the cost to trade a $10,000 order one way: half that spread. A tie is broken by net assets. 222 of the 4,708 ETFs that may be listed qualify tonight, and the first 100 are shown. The IQ Liquidity Score measures trading conditions, not the fund, and no list here is a recommendation. The list sorts one published figure, with no scoring or weighting. Too new and closing funds are left out, as are funds no longer listed.\n Questions people ask\n What does an ETF\u2019s bid-ask spread cost? Half the spread each way, on average, when you trade at the quote. A limit order at the midpoint plus half the spread caps it. Which ETF tops this list as of Oct 22, 2026? BIL , at 0.005% one way, $0.50 on $10,000, from a 30-day median spread of 0.01% to Oct 22, 2026. Where to next\n ETF trading costs and liquidity How the IQ Liquidity Score is built Most liquid ETFs Most liquid small ETFs Low-volume ETFs with deep liquidity ETFs whose full cost to own is far above the fee Widest ETF premiums and discounts, last 30 days ETFs with the most days more than 1% from NAV ETFs with one active authorized participant ETFs with the most authorized participants The trading score file Where these figures came from\n Rule 6c-11, what every ETF must publish daily: its spread, premium and holdings SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say ETFIQ links to the documents behind every figure; a link is not an endorsement.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, Cheapest bond ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Cheapest bond ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade APA ETFIQ. (Oct 22, 2026). Cheapest bond ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs. Retrieved from https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade Markdown [Cheapest bond ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs (ETFIQ, Oct 22, 2026)](https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Cheapest bond ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among bond ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-bond-etfs-to-trade"}