State Street SPDR Bloomberg 1-3 Month T-Bill ETF
$91.52+0.02 (+0.02%)
- 0.14%
- $51.0B
- +3.7%
- 3.66%
- 10.2M sh
- $91.50
- low $91.26high $91.77
The ETF.net BIL Grade
A
Score 79 out of 100
- 7 of 78
Score 79 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 15 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 60 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A98 out of 100Rank 1 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C48 out of 100Rank 50 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A94 out of 100Rank 2 of 78
Our read on BIL
AThe original T-bill ETF, running since 2007: a giant, heavily traded stack of one-to-three-month Treasury bills that pays out monthly. Newer copycats undercut it on fee, but few match its trading footprint.
The fund seeks to track the price and yield performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index before fees and expenses. It provides exposure to publicly issued U.S. Treasury bills with maturities of one to three months.
Why people hold it
- Holds publicly issued US Treasury bills maturing in one to three months, so the credit is the US government and rate sensitivity is measured in weeks, not years.ssga.com
- A straight index job against the Bloomberg 1-3 Month U.S. Treasury Bill Index, tracked closely: no credit tiers, no duration calls, no moving parts to second-guess.
- One of the most actively traded funds in its category, with a multi-billion-dollar asset base behind it, so getting in and out is rarely the hard part.
- Pays monthly and has run this same narrow mandate since 2007, across zero-rate years and high-rate years alike.
Worth knowing
- The 0.14% fee is the trade-off. Rivals run near-identical bill exposure for less (VBIL at 0.06%, CLIP at 0.07%), and on T-bills the fee is most of the gap.
- Income moves with short-term Treasury rates. The monthly payout is whatever bills are yielding, so it rises and falls with them rather than sitting fixed.
- A few dozen bills, all maturing inside three months. That is a cash parking spot by design, with no mechanism for capital growth.
BIL Holdings
- Bonds
- 20
- 70%
- Treasury Bill 11/26 0.00000
Geography
- United States100.00%
BIL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BIL$10,365
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BIL |
|---|---|
| Year to date | +2.8% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.7% |
| 3 years | +4.4% |
| 5 years | +3.7% |
| 10 years | +2.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BIL |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +4.1% | |
| 2024 | +5.2% | |
| 2023 | +4.9% | |
| 2022 | +1.4% | |
| 2021 | −0.1% | |
| 2020 | +0.4% |
BIL in the news
BIL Dividends
- 3.66%
- $3.35
- $0.26 per share
- Monthly
Distribution history
BIL Risk
- 0.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.84
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.003
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BIL Cost
0.14%
BIL0.14%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
15 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AVBILVanguard 0-3 Month Treasury Bill ETFExpense ratio 0.06%1 year return +3.7%
- AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.5%
- APULSPGIM Ultra Short Bond ETFExpense ratio 0.15%1 year return +4.1%
- ASGOViShares 0-3 Month Treasury Bond ETFExpense ratio 0.09%1 year return +3.7%
- ATRSYDBX ETF Trust - Xtrackers US 0-1 Year Treasury ETFExpense ratio 0.06%1 year return +3.6%