State Street SPDR Bloomberg 3-12 Month T-Bill ETF
$99.18+0.01 (+0.01%)
- 0.14%
- $3.9B
- +3.6%
- 3.68%
- 0.3M sh
- $99.17
- low $99.04high $99.52
The ETF.net BILS Grade
A
Score 75 out of 100
- 14 of 78
Score 75 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.A79 out of 100Rank 12 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C51 out of 100Rank 46 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A80 out of 100Rank 13 of 78
Our read on BILS
AMost T-bill ETFs park at the very front of the curve. BILS deliberately steps out to bills with 3 to 12 months left to run, one rung further along the same government ladder, from the SPDR bond shop.
The fund seeks to track, before fees and expenses, the price and yield performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index, providing exposure to U.S. Treasury Bills with remaining maturities of 3 to 12 months.
Why people hold it
- Targets the 3-to-12-month rung of the bill curve. Where sibling BIL sits in 1-3 month paper, BILS holds the next maturities out.ssga.com
- A compact book of roughly 40 Treasury bills, direct obligations of the US government. No corporate paper, no credit tiers to decode.ssga.com
- Tracks its Bloomberg bill index closely and pays monthly. A multi-billion-dollar fund with steady day-to-day trading behind it.
Worth knowing
- The 0.14% fee matches the category median but runs above the cheapest bill funds, like XONE at 0.03% and VBIL at 0.06%.
- Longer maturities move more when rates shift. Small moves by bond standards, but not as flat a line as a 0-3 month bill fund.
- Income resets as bills mature and roll into new ones, so payouts track wherever short-term Treasury rates sit at the time.ssga.com
BILS Holdings
- Bonds
- 25
- 54%
- Treasury Bill 01/27 0.00000
Geography
- United States100.00%
BILS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
BILS$10,359
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 | BILS |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.6% |
| 3 years | +4.5% |
| 5 years | +3.6% |
| 10 years | — |
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 | BILS |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +4.2% | |
| 2024 | +5.2% | |
| 2023 | +4.9% | |
| 2022 | +0.9% | |
| 2021 | −0.1% | |
| 2020 | 0.0% |
BILS in the news
BILS Dividends
- 3.68%
- $3.65
- $0.31 per share
- Monthly
Distribution history
BILS Risk
- 0.3%
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.
- −0.71
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.
- −0.3%
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.
- 0.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BILS Cost
0.14%
BILS0.14%
- 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
- AGBILGoldman Sachs Access Treasury 0-1 Year ETFExpense ratio 0.14%1 year return +3.6%
- AXONEBondBloxx Bloomberg One Year Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.0%
- ASHViShares Trust iShares 0-1 Year Treasury Bond ETFExpense ratio 0.15%1 year return +3.6%
- ABKUIBNY Mellon Ultra Short Income ETFExpense ratio 0.13%1 year return +3.5%
- ADUSBDimensional Ultrashort Fixed Income ETFExpense ratio 0.15%1 year return +3.6%