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 51 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Intermediate-Term Treasury ETF | 0.03% | 49.50B | Nov 2009 | OBIL vs VGIT | |
| Vanguard Short-Term Treasury ETF | 0.03% | 33.90B | Nov 2009 | OBIL vs VGSH | |
| Vanguard Total Treasury ETF | 0.03% | 122.30M | Jul 2025 | OBIL vs VTG | |
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 12.67B | Aug 2010 | OBIL vs SCHO | |
| SPDR Portfolio Short Term Treasury ETF | 0.03% | 6.07B | Nov 2011 | OBIL vs SPTS |
Best Risk-Adjusted Alternatives to OBIL
OBIL has a PortfoliosLab risk / return rank of 99. There are 10 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | OBIL vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.68B | Sep 2016 | OBIL vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.86B | Jan 2007 | OBIL vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.91B | Feb 2014 | OBIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.55B | Feb 2014 | OBIL vs TFLO |
Top Performing OBIL Alternatives (YTD)
OBIL is at 1.41% YTD. There are 12 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.72%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.72% | 67.49M | Sep 2021 | OBIL vs BNDD | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | OBIL vs BUCK | |
| iShares Global Government Bond USD Hedged Active E... | 2.36% | 2.91B | Jun 2025 | OBIL vs GGOV | |
| WisdomTree Floating Rate Treasury Fund | 2.05% | 17.91B | Feb 2014 | OBIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 2.02% | 6.55B | Feb 2014 | OBIL vs TFLO |
Lowest Volatility Alternatives to OBIL
OBIL has 0.58% 1-year volatility. There are 11 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | OBIL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | OBIL vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.68B | Sep 2016 | OBIL vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.91B | Feb 2014 | OBIL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.55B | Feb 2014 | OBIL vs TFLO |
Lowest Drawdown Alternatives to OBIL
OBIL has a 1-year max drawdown of -0.15%. There are 10 ETFs in the Government Bonds 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 | OBIL vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.55B | Feb 2014 | OBIL vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.91B | Feb 2014 | OBIL vs USFR | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.68B | Sep 2016 | OBIL vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.86B | Jan 2007 | OBIL vs SHV |
Other ETFs from US Benchmark Series
The 7 most viewed US Benchmark Series ETFs shown here include XBIL, UTHY, UTEN and span 3 categories. AUM among these funds goes as high as $739M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| US Treasury 6 Month Bill ETF | Ultrashort Bond | 100 | 1.79% | 739.49M | Mar 2023 | OBIL vs XBIL | |
| US Treasury 30 Year Bond ETF | Government Bonds, Long-Term Bond | 13 | -1.49% | 163.42M | Mar 2023 | OBIL vs UTHY | |
| US Treasury 10 Year Note ETF | Government Bonds | 19 | -1.18% | 289.15M | Aug 2022 | OBIL vs UTEN | |
| US Treasury 2 Year Note ETF | Government Bonds | 79 | 0.36% | 481.92M | Aug 2022 | OBIL vs UTWO | |
| US Treasury 3 Year Note ETF | Government Bonds | 40 | -0.09% | 9.06M | Mar 2023 | OBIL vs UTRE | |
| F/m US Treasury 5 Year Note ETF | Government Bonds | 20 | -0.86% | 29.34M | Mar 2023 | OBIL vs UFIV | |
| US Treasury 7 Year Note ETF | Government Bonds | 19 | -1.08% | 8.36M | Mar 2023 | OBIL vs USVN |
Often Compared With OBIL
Investors most often compare OBIL with IBTU.L, IAU, SGOV. These 20 comparison targets span 14 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