Invesco Short Term Treasury ETF (TBLL) 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 TBLL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TBLL
TBLL charges 0.08% annually. There are 7 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 | TBLL vs XHLF | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | TBLL vs XONE | |
| State Street SPDR Portfolio Ultra Short T-Bill ETF | 0.05% | 13.77M | Oct 2025 | TBLL vs SPTU | |
| Xtrackers US 0-1 Year Treasury ETF | 0.06% | — | Oct 2024 | TBLL vs TRSY | |
| Global X 1-3 Month T-Bill ETF | 0.07% | 2.61B | Jun 2023 | TBLL vs CLIP |
Best Risk-Adjusted Alternatives to TBLL
TBLL has a PortfoliosLab risk / return rank of 100. There are 2 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 | TBLL vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | TBLL vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | 100 | 8.40B | Feb 2025 | TBLL vs VBIL | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 100 | 1.03B | Jun 2023 | TBLL vs BILZ | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.68B | Sep 2016 | TBLL vs GBIL |
Top Performing TBLL Alternatives (YTD)
TBLL is at 1.82% YTD. There are 44 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 | TBLL vs FUSI | |
| CrossingBridge Ultra-Short Duration ETF | 2.92% | 14.84M | Sep 2021 | TBLL vs CUSD | |
| NEOS Enhanced Income 1-3 Month T-Bill ETF | 2.66% | 1.45B | Aug 2022 | TBLL vs CSHI | |
| VanEck IG Floating Rate ETF | 2.54% | 2.89B | Apr 2011 | TBLL vs FLTR | |
| Simplify Treasury Option Income ETF | 2.36% | 474.96M | Oct 2022 | TBLL vs BUCK |
Lowest Volatility Alternatives to TBLL
TBLL has 0.20% 1-year volatility. There is 1 ETF 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 | TBLL vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | TBLL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | TBLL vs SHV | |
| PIMCO Ultra Short Government Active Exchange-Trade... | 0.21% | 1.03B | Jun 2023 | TBLL vs BILZ | |
| Vanguard 0-3 Month Treasury Bill ETF | 0.21% | 8.40B | Feb 2025 | TBLL vs VBIL |
Lowest Drawdown Alternatives to TBLL
TBLL has a 1-year max drawdown of -0.02%. There are 3 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 | TBLL vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.01% | 8.40B | Feb 2025 | TBLL vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.01% | 97.69B | May 2020 | TBLL vs SGOV | |
| Global X 1-3 Month T-Bill ETF | -0.02% | 2.61B | Jun 2023 | TBLL vs CLIP | |
| PIMCO Ultra Short Government Active Exchange-Trade... | -0.02% | 1.03B | Jun 2023 | TBLL vs BILZ |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 58 | 16.13% | 481.14B | Mar 1999 | TBLL vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 62 | 26.03% | 22.01B | Oct 2015 | TBLL vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 59 | 16.16% | 100.59B | Oct 2020 | TBLL vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 58 | 12.75% | 96.24B | Apr 2003 | TBLL vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 92 | 74.43% | 2.58B | Jun 2021 | TBLL vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 40 | 3.75% | 10.85B | May 2005 | TBLL vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 65 | 16.39% | 20.11B | Dec 2005 | TBLL vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 37 | 11.46% | 3.29B | Oct 2012 | TBLL vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 50 | 14.98% | 7.45B | Mar 2005 | TBLL vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 35 | 9.54% | 8.22B | Oct 2005 | TBLL vs PPA |
Often Compared With TBLL
Investors most often compare TBLL with TBIL, SCHO, WEEK. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare TBLL with Any Fund or Stock
Compare TBLL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TBLL with funds that move differently
Invesco Short Term Treasury ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TBLL.
Explore TBLL Diversifiers