SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) belongs to the Ultrashort Bond category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BILS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BILS
BILS charges 0.14% annually. There are 14 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | BILS vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | BILS vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.77M | Oct 2025 | BILS vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | BILS vs TRSY | |
| Vanguard 0-3 Month Treasury Bill ETF | 0.07% | 8.40B | Feb 2025 | BILS vs VBIL |
Best Risk-Adjusted Alternatives to BILS
BILS has a PortfoliosLab risk / return rank of 100. There are 8 ETFs in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 100 | 97.69B | May 2020 | BILS vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | BILS vs BIL | |
| Invesco Short Term Treasury ETF | 100 | 2.59B | Jan 2017 | BILS vs TBLL | |
| Vanguard 0-3 Month Treasury Bill ETF | 100 | 8.40B | Feb 2025 | BILS vs VBIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 1.03B | Jun 2023 | BILS vs BILZ |
Top Performing BILS Alternatives (YTD)
BILS is at 1.79% YTD. There are 48 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 2.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 2.99% | 22.67M | Mar 2023 | BILS vs FUSI | |
| CrossingBridge Ultra-Short Duration ETF | 2.92% | 14.84M | Sep 2021 | BILS vs CUSD | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.66% | 1.45B | Aug 2022 | BILS vs CSHI | |
| VanEck IG Floating Rate ETF | 2.54% | 2.89B | Apr 2011 | BILS vs FLTR | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | BILS vs BUCK |
Lowest Volatility Alternatives to BILS
BILS has 0.24% 1-year volatility. There are 8 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.19% | 97.69B | May 2020 | BILS vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | BILS vs BIL | |
| Invesco Short Term Treasury ETF | 0.20% | 2.59B | Jan 2017 | BILS vs TBLL | |
| Vanguard 0-3 Month Treasury Bill ETF | 0.21% | 8.40B | Feb 2025 | BILS vs VBIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | BILS vs SHV |
Lowest Drawdown Alternatives to BILS
BILS has a 1-year max drawdown of -0.03%. There are 10 ETFs in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | BILS vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.01% | 8.40B | Feb 2025 | BILS vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 97.69B | May 2020 | BILS vs SGOV | |
| F/m US Treasury 3 Month Bill ETF | -0.02% | 7.15B | Aug 2022 | BILS vs TBIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.55B | Feb 2014 | BILS vs TFLO |
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 $783B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 66 | 10.45% | 783.21B | Jan 1993 | BILS vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 22 | -7.36% | 132.10B | Nov 2004 | BILS vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 63 | 26.22% | 120.59B | Dec 1998 | BILS vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 48 | 10.97% | 52.75B | Sep 2000 | BILS vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 54 | 14.99% | 7.40B | Oct 2015 | BILS vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 50 | 28.66% | 36.33B | Dec 1998 | BILS vs XLE | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 66 | 10.50% | 158.31B | Nov 2005 | BILS vs SPYM | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 23 | -7.26% | 27.70B | Jun 2018 | BILS vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 31 | 8.54% | 23.51B | Dec 1998 | BILS vs XLU | |
| State Street Health Care Select Sector SPDR ETF | Health & Biotech Equities | 49 | 5.16% | 41.65B | Dec 1998 | BILS vs XLV |
Often Compared With BILS
Investors most often compare BILS with CLIP, SHY, CSH2.L. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare BILS with Any Fund or Stock
Compare BILS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BILS with funds that move differently
SPDR Bloomberg 3-12 Month T-Bill ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BILS.
Explore BILS Diversifiers