US Treasury 12 Month Bill ETF (OBIL) 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 OBIL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to OBIL
OBIL charges 0.15% annually. There are 50 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio Treasury ETF | 0.03% | 270.34M | May 2024 | OBIL vs SPTB | |
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 13.24B | Aug 2010 | OBIL vs SCHO | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 748.21M | Sep 2022 | OBIL vs XONE | |
| Schwab Long-Term U.S. Treasury ETF | 0.03% | 787.62M | Oct 2019 | OBIL vs SCHQ | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.92B | Sep 2022 | OBIL vs XHLF |
Best Risk-Adjusted Alternatives to OBIL
OBIL has a PortfoliosLab risk / return rank of 99. There are 9 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.73B | Jan 2007 | OBIL vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 45.99B | May 2007 | OBIL vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.62B | Sep 2016 | OBIL vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.01B | Feb 2014 | OBIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.60B | Feb 2014 | OBIL vs TFLO |
Top Performing OBIL Alternatives (YTD)
OBIL is at 1.17% YTD. There are 11 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.40%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.40% | 6.46M | Sep 2021 | OBIL vs BNDD | |
| iShares Global Government Bond USD Hedged Active E... | 2.47% | 44.04M | Jun 2025 | OBIL vs GGOV | |
| Simplify Treasury Option Income ETF | 1.88% | 438.06M | Oct 2022 | OBIL vs BUCK | |
| WisdomTree Floating Rate Treasury Fund | 1.58% | 17.01B | Feb 2014 | OBIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 1.57% | 6.60B | Feb 2014 | OBIL vs TFLO |
Lowest Volatility Alternatives to OBIL
OBIL has 0.54% 1-year volatility. There are 10 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Treasury ETF | 0.00% | 1.55B | Feb 2020 | OBIL vs IBTE | |
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.73B | Jan 2007 | OBIL vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 45.99B | May 2007 | OBIL vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.62B | Sep 2016 | OBIL vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.01B | Feb 2014 | OBIL vs USFR |
Lowest Drawdown Alternatives to OBIL
OBIL has a 1-year max drawdown of -0.14%. There are 9 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.01% | 20.73B | Jan 2007 | OBIL vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 45.99B | May 2007 | OBIL vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.62B | Sep 2016 | OBIL vs GBIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.60B | Feb 2014 | OBIL vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.01B | Feb 2014 | OBIL vs USFR |
Other ETFs from US Benchmark Series
The 8 most viewed US Benchmark Series ETFs shown here include TBIL, XBIL, UTHY and span 3 categories. AUM among these funds goes as high as $7B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| US Treasury 3 Month Bill ETF | Ultrashort Bond | 100 | 1.49% | 7.10B | Aug 2022 | OBIL vs TBIL | |
| US Treasury 6 Month Bill ETF | Ultrashort Bond | 100 | 1.42% | 741.95M | Mar 2023 | OBIL vs XBIL | |
| US Treasury 30 Year Bond ETF | Government Bonds, Long-Term Bond | 15 | -0.02% | 24.21M | Mar 2023 | OBIL vs UTHY | |
| US Treasury 10 Year Note ETF | Government Bonds | 22 | -0.44% | 286.39M | Aug 2022 | OBIL vs UTEN | |
| US Treasury 2 Year Note ETF | Government Bonds | 73 | 0.37% | 438.51M | Aug 2022 | OBIL vs UTWO | |
| US Treasury 3 Year Note ETF | Government Bonds | 41 | 0.00% | 9.83M | Mar 2023 | OBIL vs UTRE | |
| F/m US Treasury 5 Year Note ETF | Government Bonds | 24 | -0.46% | 29.52M | Mar 2023 | OBIL vs UFIV | |
| US Treasury 7 Year Note ETF | Government Bonds | 22 | -0.48% | 8.36M | Mar 2023 | OBIL vs USVN |
Often Compared With OBIL
Investors most often compare OBIL with IBTU.L, SGOV, IAU. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare OBIL with Any Fund or Stock
Compare OBIL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair OBIL with funds that move differently
US Treasury 12 Month Bill ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to OBIL.
Explore OBIL Diversifiers