F/m 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 19 ETFs in the Ultrashort Bond category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | TBIL vs XONE | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | TBIL vs XHLF | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.77M | Oct 2025 | TBIL vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | TBIL vs TRSY | |
| Vanguard 0-3 Month Treasury Bill ETF | 0.07% | 8.40B | Feb 2025 | TBIL vs VBIL |
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 | 95.28B | May 2020 | TBIL vs SGOV | |
| Invesco Short Term Treasury ETF | 100 | 2.58B | Jan 2017 | TBIL vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.54B | May 2007 | TBIL vs BIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 1.09B | Jun 2023 | TBIL vs BILZ | |
| Vanguard 0-3 Month Treasury Bill ETF | 100 | 8.40B | Feb 2025 | TBIL vs VBIL |
Top Performing TBIL Alternatives (YTD)
TBIL is at 1.69% YTD. There are 30 ETFs in the Ultrashort Bond category with higher YTD returns, going as high as 4.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration ETF | 4.97% | 14.84M | Sep 2021 | TBIL vs CUSD | |
| American Century Multisector Floating Income ETF | 2.74% | 22.70M | Mar 2023 | TBIL vs FUSI | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.39% | 1.34B | Aug 2022 | TBIL vs CSHI | |
| VanEck IG Floating Rate ETF | 2.19% | 2.81B | Apr 2011 | TBIL vs FLTR | |
| Simplify Treasury Option Income ETF | 2.12% | 465.86M | Oct 2022 | TBIL vs BUCK |
Lowest Volatility Alternatives to TBIL
TBIL has 0.29% 1-year volatility. There are 12 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% | 95.28B | May 2020 | TBIL vs SGOV | |
| Invesco Short Term Treasury ETF | 0.19% | 2.58B | Jan 2017 | TBIL vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.54B | May 2007 | TBIL vs BIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 1.09B | Jun 2023 | TBIL vs BILZ | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.81B | Jan 2007 | TBIL vs SHV |
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 | |
|---|---|---|---|---|---|
| Vanguard 0-3 Month Treasury Bill ETF | -0.01% | 8.40B | Feb 2025 | TBIL vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 95.28B | May 2020 | TBIL vs SGOV | |
| Invesco Short Term Treasury ETF | -0.01% | 2.58B | Jan 2017 | TBIL vs TBLL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.54B | May 2007 | TBIL vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.46B | Feb 2014 | TBIL vs USFR |
Other ETFs from F/m Investments
The 8 most viewed F/m Investments ETFs shown here include UTWY, ZHOG, SPIT and span 9 categories. AUM among these funds goes as high as $144M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 20 Year Bond ETF | Government Bonds, Long-Term Bond | 15 | 0.13% | 8.58M | Mar 2023 | TBIL vs UTWY | |
| F/m Opportunistic Income ETF | Intermediate Core-Plus Bond | 88 | 0.81% | 46.23M | Sep 2023 | TBIL vs ZHOG | |
| F/m Emerald Special Situations ETF | Large Cap Growth Equities | — | 27.92% | 29.00M | Aug 2014 | TBIL vs SPIT | |
| F/m Emerald Life Sciences Innovation ETF | Health & Biotech Equities | 85 | 16.36% | 74.65M | Oct 2024 | TBIL vs LFSC | |
| F/m Ultrashort Tax-Free Municipal ETF | Municipal Bonds | — | 1.78% | 30.59M | Sep 2025 | TBIL vs ZMUN | |
| F/m High Yield 100 ETF | High Yield Bonds | 61 | 1.73% | 16.52M | Apr 2025 | TBIL vs ZTOP | |
| F/m Compoundr U.S. Aggregate Bond ETF | Total Bond Market, Intermediate Core Bond | — | 0.18% | 144.13M | Aug 2025 | TBIL vs CPAG | |
| F/m Compoundr High Yield Bond ETF | High Yield Bonds | — | 0.56% | 3.10M | Aug 2025 | TBIL vs CPHY |
Often Compared With TBIL
Investors most often compare TBIL with BOXX, CBIL.TO, MINT. 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
F/m 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