SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BIL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BIL
BIL charges 0.14% annually. There are 47 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio Long Term Treasury ETF | 0.03% | 10.39B | May 2007 | BIL vs SPTL | |
| Schwab Long-Term U.S. Treasury ETF | 0.03% | 760.90M | Oct 2019 | BIL vs SCHQ | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | BIL vs XONE | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | BIL vs XHLF | |
| State Street SPDR Portfolio Treasury ETF | 0.03% | 281.41M | May 2024 | BIL vs SPTB |
Best Risk-Adjusted Alternatives to BIL
BIL has a PortfoliosLab risk / return rank of 100. No ETFs in the Government Bonds category have higher risk-adjusted ranks; the top alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.67B | Sep 2016 | BIL vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.81B | Jan 2007 | BIL vs SHV | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.61B | Feb 2014 | BIL vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.46B | Feb 2014 | BIL vs USFR | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 100 | 1.91B | Sep 2022 | BIL vs XHLF |
Top Performing BIL Alternatives (YTD)
BIL is at 1.67% YTD. There are 5 ETFs in the Government Bonds category with higher YTD returns, going as high as 6.53%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 6.53% | 24.48M | Sep 2021 | BIL vs BNDD | |
| iShares Global Government Bond USD Hedged Active E... | 2.75% | 2.80B | Jun 2025 | BIL vs GGOV | |
| Simplify Treasury Option Income ETF | 2.12% | 465.86M | Oct 2022 | BIL vs BUCK | |
| WisdomTree Floating Rate Treasury Fund | 1.82% | 17.46B | Feb 2014 | BIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 1.81% | 6.61B | Feb 2014 | BIL vs TFLO |
Lowest Volatility Alternatives to BIL
BIL has 0.20% 1-year volatility. No ETFs in the Government Bonds category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.21%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.81B | Jan 2007 | BIL vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.67B | Sep 2016 | BIL vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.46B | Feb 2014 | BIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.61B | Feb 2014 | BIL vs TFLO | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.32% | 1.91B | Sep 2022 | BIL vs XHLF |
Lowest Drawdown Alternatives to BIL
BIL has a 1-year max drawdown of -0.01%. No ETFs in the Government Bonds category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as -0.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.67B | Sep 2016 | BIL vs GBIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.61B | Feb 2014 | BIL vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.46B | Feb 2014 | BIL vs USFR | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.81B | Jan 2007 | BIL vs SHV | |
| iShares iBonds Dec 2025 Term Treasury ETF | -0.04% | 1.42B | Feb 2020 | BIL vs IBTF |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 9 categories. AUM among these funds goes as high as $765B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 59 | 8.15% | 765.27B | Jan 1993 | BIL vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 22 | -4.79% | 138.96B | Nov 2004 | BIL vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 66 | 28.25% | 130.33B | Dec 1998 | BIL vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 45 | 8.70% | 52.13B | Sep 2000 | BIL vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 47 | 12.56% | 7.30B | Oct 2015 | BIL vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 42 | 23.49% | 36.84B | Dec 1998 | BIL vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 22 | -4.72% | 28.75B | Jun 2018 | BIL vs GLDM | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 59 | 8.21% | 148.87B | Nov 2005 | BIL vs SPYM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 27 | 6.99% | 22.62B | Dec 1998 | BIL vs XLU | |
| State Street Financial Select Sector SPDR ETF | Financials Equities | 15 | -0.77% | 51.89B | Dec 1998 | BIL vs XLF |
Often Compared With BIL
Investors most often compare BIL with SGOV, SPAXX, VBIL. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare BIL with Any Fund or Stock
Compare BIL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BIL with funds that move differently
SPDR Bloomberg 1-3 Month T-Bill ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BIL.
Explore BIL Diversifiers