- CUSIP
- 922040845
- Issuer
- Vanguard
- Inception Date
- Feb 7, 2025
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Treasury Bills 0-3 Months Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $8B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VBIL Performance Chart
Vanguard 0-3 Month Treasury Bill ETF (VBIL) is up 1.7% since the beginning of the year. VBIL is currently trading at $76 per share.
Loading charts...
Returns By Period
Vanguard 0-3 Month Treasury Bill ETF (VBIL) has returned 1.70% so far this year and 3.91% over the past 12 months.
Vanguard 0-3 Month Treasury Bill ETF
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.70%
- 6M
- 1.81%
- 1Y
- 3.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VBIL Monthly Returns History
Based on dividend-adjusted daily data since Feb 11, 2025, VBIL's average daily return is +0.02%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 100% of months were positive and 0% were negative. The best month was May 2025 with a return of +0.4%, while the worst month was Feb 2025 at 0.2%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 0 months.
On a daily basis, VBIL closed higher 75% of trading days. The best single day was May 23, 2025 with a return of +0.1%, while the worst single day was Jun 18, 2025 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.28% | 0.28% | 0.30% | 0.29% | 0.30% | 0.24% | 1.70% | ||||||
| 2025 | 0.23% | 0.33% | 0.33% | 0.38% | 0.32% | 0.37% | 0.36% | 0.34% | 0.36% | 0.30% | 0.35% | 3.73% |
Benchmark Metrics
Vanguard 0-3 Month Treasury Bill ETF has an annualized alpha of 4.03%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 11, 2025.
- This ETF captured 7.21% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -14.82%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.03%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 7.21%
- Downside Capture
- -14.82%
Expense Ratio
VBIL has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VBIL ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard 0-3 Month Treasury Bill ETF (VBIL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VBIL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.05 | ||
| Sortino ratioReturn per unit of downside risk | +109.06 | ||
| Omega ratioGain probability vs. loss probability | 39.66 | 1.37 | +38.29 |
| Calmar ratioReturn relative to maximum drawdown | 296.41 | 2.78 | +293.63 |
| Martin ratioReturn relative to average drawdown | 1,809.33 | 12.44 | +1,796.89 |
Dividends
Dividend History
Vanguard 0-3 Month Treasury Bill ETF provided a 3.65% dividend yield over the last twelve months, with an annual payout of $2.76 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $2.76 | $2.35 |
Dividend yield | 3.65% | 3.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard 0-3 Month Treasury Bill ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.23 | $0.20 | $0.21 | $0.22 | $0.22 | $1.07 | ||||||
| 2025 | $0.23 | $0.21 | $0.22 | $0.24 | $0.25 | $0.25 | $0.24 | $0.24 | $0.46 | $2.35 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard 0-3 Month Treasury Bill ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard 0-3 Month Treasury Bill ETF was 0.09%, occurring on Jun 18, 2025. Recovery took 6 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -0.09%Jun 2025 | 0s | 9d | 9dJun 2025 - Jun 2025 |
2025 selloff2025 | -0.07%May 2025 | 0s | 6d | 6dMay 2025 - Jun 2025 |
2025 selloff2025 | -0.06%Apr 2025 | 0s | 4d | 4dApr 2025 - Apr 2025 |
2025 selloff2025 | -0.03%Feb 2025 | 0s | 1d | 1dFeb 2025 - Feb 2025 |
2025 selloff2025 | -0.01%Apr 2025 | 0s | 1d | 1dApr 2025 - Apr 2025 |
Drawdown Indicators
| VBIL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.09% | -56.78% | +56.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -9.10% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -10.71% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.03% | -2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VBIL
Add Vanguard 0-3 Month Treasury Bill ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VBIL