TLDR vs. VBIL

Last updated Jun 23, 2026

TLDR (The Laddered T-Bill ETF) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both Ultrashort Bond funds. TLDR is actively managed, while VBIL is passively managed. At a 0.15 correlation, their price movements are largely independent. TLDR charges 0.20%/yr vs 0.07%/yr for VBIL.

Performance

TLDR vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Laddered T-Bill ETF (TLDR) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TLDR

• 1D: 0.00%
• 1M: 0.29%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VBIL

• 1D: 0.03%
• 1M: 0.29%
• YTD: 1.70%
• 6M: 1.81%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLDR vs. VBIL - Yearly Performance Comparison

	2026 (YTD)
TLDR The Laddered T-Bill ETF	1.39%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.52%

Correlation

The correlation between TLDR and VBIL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.15

Return for Risk

TLDR vs. VBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLDR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 100
VBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLDR vs. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Laddered T-Bill ETF (TLDR) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	TLDR	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	—	18.07	—
Sortino ratio: Return per unit of downside risk	—	111.81	—
Omega ratio: Gain probability vs. loss probability	—	39.66	—
Calmar ratio: Return relative to maximum drawdown	—	296.41	—
Martin ratio: Return relative to average drawdown	—	1,809.33	—

Drawdowns

TLDR vs. VBIL - Drawdown Comparison

The maximum TLDR drawdown since its inception was -0.05%, smaller than the maximum VBIL drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for TLDR and VBIL.

Drawdown Indicators

	TLDR	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.05%	-0.09%	+0.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.00%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	TLDR	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.38%	0.22%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.38%	0.30%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.38%	0.30%	+0.08%

TLDR vs. VBIL - Expense Ratio Comparison

TLDR has a 0.20% expense ratio, which is higher than VBIL's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TLDR vs. VBIL - Dividend Comparison

TLDR's dividend yield for the trailing twelve months is around 1.36%, less than VBIL's 3.65% yield.

Position	TTM	2025
TLDR The Laddered T-Bill ETF	1.36%	0.00%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%

Frequently Asked Questions

Can I hold both TLDR and VBIL in my portfolio?

TLDR and VBIL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TLDR or VBIL?

On fees, VBIL is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TLDR or VBIL?

VBIL is cheaper with a 0.07% expense ratio, compared with 0.20% for TLDR.

Which ETF pays a higher dividend yield, TLDR or VBIL?

VBIL has the higher dividend yield at 3.65%, compared with 1.36% for TLDR.

What is the main difference between TLDR and VBIL?

They also come from different issuers: REX Shares and Vanguard. Their fees differ too: 0.20% for TLDR and 0.07% for VBIL.