Invesco Short Term Treasury ETF
$105.72+0.01 (+0.01%)
- 0.08%
- $2.7B
- +3.6%
- 3.60%
- 0.3M sh
- $105.69
- low $105.46high $105.90
The ETF.net TBLL Grade
A
Score 80 out of 100
- 4 of 78
Score 80 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.A89 out of 100Rank 8 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.C43 out of 100Rank 59 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.B65 out of 100Rank 31 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 TBLL
AThe bill fund that stretches to a full year. TBLL owns U.S. Treasuries maturing in one year or less and charges 0.08%, well under the typical fund in its 0-1 year Treasury group.
The fund invests primarily in U.S. Treasury obligations with maturities of one year or less and seeks exposure to the ICE U.S. Treasury Short Bond Index.
Why people hold it
- Charges 0.08% a year against a 0.14% median for its 0-1 year Treasury cohort, and undercuts BIL, the 1-3 month bill fund at 0.14%.
- Fishes the entire under-one-year curve, about 90 Treasury positions, instead of camping in 1-3 month paper like much of the peer shelf.
- Live since 2017 and a multi-billion-dollar fund, with index tracking among the tighter implementations in its 17-fund group.
- Distributions land monthly, and the portfolio is Treasury obligations only, so no corporate credit rides along.
Worth knowing
- Not the cheapest seat in the row: XONE runs 0.03% and VBIL 0.06%, so the cost gap is a few basis points.
- Reaching out to one-year maturities carries slightly more interest-rate sensitivity than a strict 1-3 month bill portfolio.
- Moderately traded rather than the volume leader of its category, so spreads deserve a look on larger orders.
TBLL Holdings
- Bonds
- 97
- 24%
- United States Treasury Bill 11/12/2026
Sectors
- Financials100.0%
Geography
- United States100.00%
TBLL 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.
TBLL$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 | TBLL |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.6% |
| 3 years | +4.4% |
| 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 | TBLL |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +4.2% | |
| 2024 | +5.1% | |
| 2023 | +5.0% | |
| 2022 | +1.1% | |
| 2021 | 0.0% | |
| 2020 | +0.6% |
TBLL in the news
TBLL Dividends
- 3.60%
- $3.80
- $0.32 per share
- Monthly
Distribution history
TBLL 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.
- −0.76
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.
- −0.4%
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.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBLL Cost
0.08%
TBLL0.08%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
9 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AICSHiShares Ultra Short Duration Bond Active ETFExpense ratio 0.08%1 year return +3.5%
- AVUSBVanguard Ultra-Short Bond ETFExpense ratio 0.10%1 year return +3.5%
- 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%
- ABILState Street SPDR Bloomberg 1-3 Month T-Bill ETFExpense ratio 0.14%1 year return +3.7%