US Treasury 3 Month Bill ETF (TBIL) 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 TBIL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TBIL
TBIL charges 0.15% annually. There are 18 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% | 1.92B | Sep 2022 | TBIL vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 748.21M | Sep 2022 | TBIL vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.79M | Oct 2025 | TBIL vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | TBIL vs TRSY | |
| Vanguard Ultra-Short Treasury ETF | 0.07% | 928.70M | Feb 2025 | TBIL vs VGUS |
Best Risk-Adjusted Alternatives to TBIL
TBIL has a PortfoliosLab risk / return rank of 100. There are 9 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 | 91.90B | May 2020 | TBIL vs SGOV | |
| Invesco Short Term Treasury ETF | 100 | 2.52B | Jan 2017 | TBIL vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 45.99B | May 2007 | TBIL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.73B | Jan 2007 | TBIL vs SHV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 874.34M | Jun 2023 | TBIL vs BILZ |
Top Performing TBIL Alternatives (YTD)
TBIL is at 1.49% YTD. There are 32 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 2.39%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| American Century Multisector Floating Income ETF | 2.39% | 22.70M | Mar 2023 | TBIL vs FUSI | |
| Yields for You Income Strategy A ETF | 2.34% | 23.54M | Jan 2025 | TBIL vs YFYA | |
| Neos Enhanced Income Cash Alternative ETF | 2.26% | 1.28B | Aug 2022 | TBIL vs CSHI | |
| Angel Oak Ultrashort Income ETF | 1.91% | 1.45B | Oct 2022 | TBIL vs UYLD | |
| Simplify Treasury Option Income ETF | 1.90% | 438.06M | Oct 2022 | TBIL vs BUCK |
Lowest Volatility Alternatives to TBIL
TBIL has 0.29% 1-year volatility. There are 13 ETFs in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Short Term Treasury ETF | 0.19% | 2.52B | Jan 2017 | TBIL vs TBLL | |
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.73B | Jan 2007 | TBIL vs SHV | |
| iShares 0-3 Month Treasury Bond ETF | 0.20% | 91.90B | May 2020 | TBIL vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 45.99B | May 2007 | TBIL vs BIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 874.34M | Jun 2023 | TBIL vs BILZ |
Lowest Drawdown Alternatives to TBIL
TBIL has a 1-year max drawdown of -0.02%. There are 4 ETFs in the Ultrashort Bond 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 | TBIL vs SHV | |
| Invesco Short Term Treasury ETF | -0.01% | 2.52B | Jan 2017 | TBIL vs TBLL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 91.90B | May 2020 | TBIL vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 45.99B | May 2007 | TBIL vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.60B | Feb 2014 | TBIL vs TFLO |
Other ETFs from US Benchmark Series
The 8 most viewed US Benchmark Series ETFs shown here include XBIL, UTHY, UTEN and span 3 categories. AUM among these funds goes as high as $742M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| US Treasury 6 Month Bill ETF | Ultrashort Bond | 100 | 1.43% | 741.95M | Mar 2023 | TBIL vs XBIL | |
| US Treasury 30 Year Bond ETF | Government Bonds, Long-Term Bond | 16 | -0.35% | 24.21M | Mar 2023 | TBIL vs UTHY | |
| US Treasury 10 Year Note ETF | Government Bonds | 22 | -0.69% | 286.39M | Aug 2022 | TBIL vs UTEN | |
| US Treasury 2 Year Note ETF | Government Bonds | 75 | 0.33% | 438.51M | Aug 2022 | TBIL vs UTWO | |
| US Treasury 12 Month Bill ETF | Government Bonds, Ultrashort Bond | 99 | 1.17% | 317.77M | Nov 2022 | TBIL vs OBIL | |
| US Treasury 3 Year Note ETF | Government Bonds | 42 | -0.09% | 9.83M | Mar 2023 | TBIL vs UTRE | |
| F/m US Treasury 5 Year Note ETF | Government Bonds | 25 | -0.60% | 29.52M | Mar 2023 | TBIL vs UFIV | |
| US Treasury 7 Year Note ETF | Government Bonds | 23 | -0.70% | 8.36M | Mar 2023 | TBIL vs USVN |
Often Compared With TBIL
Investors most often compare TBIL with BOXX, USFR, CBIL.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare TBIL with Any Fund or Stock
Compare TBIL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TBIL with funds that move differently
US Treasury 3 Month Bill ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TBIL.
Explore TBIL Diversifiers