Vanguard 0-3 Month Treasury Bill ETF
$75.66+0.01 (+0.01%)
- Expense ratio
- 0.06%
- Fund size
- $11.4B
- 1Y return
- +3.7%
- Yield · Last 12 months
- 3.54%
- Holdings
- 27
- Volume · 30D
- 2.7M sh
- NAV per share
- $75.65
- 52W range
The ETF.net VBIL Grade
Score 81 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 95Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 83Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 46Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 79Category rank
Our read on VBIL
AVanguard's cash-parking ETF: roughly two dozen Treasury bills, none maturing more than three months out, at 0.06% a year. It landed in 2025 and undercut most of the T-bill shelf on price.
VBIL seeks to track the performance of a market-weighted Treasury index with an ultra-short-term dollar-weighted average maturity, using a passive approach designed to follow the Bloomberg U.S. Treasury Bills 0-3 Months Index.
Why people hold it
- It charges 0.06% a year, well under the 0.14% median for 0-1 year Treasury funds and under the category veteran, BIL.
- Plain passive mandate on the Bloomberg U.S. Treasury Bills 0-3 Months Index, tracked very closely. One of the tightest implementations in its peer group.fund-docs.vanguard.com
- Roughly two dozen bills backed by the US Treasury, every one maturing inside three months. Interest goes out monthly.
- A multi-billion-dollar fund with active daily trading, which tends to keep bid-ask costs small.
Worth knowing
- The payout floats with short-term rates. Monthly income rises and falls with what bills yield, and nothing about it is fixed.
- It opened in 2025, so its live record is short next to T-bill funds that have been running for years.
- Stretching maturity gets cheaper: peer XONE targets one-year duration at 0.03%, trading lower cost for more rate sensitivity.
VBIL Holdings
- Bonds
- 27
- 53%
- United States Treasury Bill 09/03/2026
Geography
- United States100.00%
VBIL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | VBIL |
|---|---|
| Year to date | +2.6% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.7% |
| 3 years | — |
| 5 years | — |
| 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 | VBIL |
|---|---|---|
| 2026 YTD | +2.6% | |
| 2025 | +3.7% |
VBIL in the news
ETF.net Research hasn’t filed on VBIL yet — coverage lands here as it’s written.
VBIL Dividends
- 3.54%
- $2.67
- $0.22 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.22 |
| Aug 3, 2026 | Aug 5, 2026 | $0.23 |
| Jul 1, 2026 | Jul 6, 2026 | $0.21 |
| Jun 1, 2026 | Jun 3, 2026 | $0.22 |
| May 1, 2026 | May 5, 2026 | $0.22 |
| Apr 1, 2026 | Apr 6, 2026 | $0.21 |
| Mar 2, 2026 | Mar 4, 2026 | $0.20 |
| Feb 2, 2026 | Feb 4, 2026 | $0.23 |
| Dec 18, 2025 | Dec 22, 2025 | $0.23 |
| Dec 1, 2025 | Dec 3, 2025 | $0.23 |
| Nov 3, 2025 | Nov 5, 2025 | $0.24 |
| Oct 1, 2025 | Oct 3, 2025 | $0.24 |
VBIL Risk
- 0.1%
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.
- −1.08
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.
- −0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VBIL Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
5 of the 77 Cash & Ultra-Short Income funds charge less.