Vanguard 0-3 Month Treasury Bill ETF
$75.61+0.01 (+0.01%)
- 0.06%
- $11.4B
- +3.7%
- 3.50%
- 2.9M sh
- $75.59
- low $75.31high $75.73
The ETF.net VBIL 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.A95 out of 100Rank 3 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.C45 out of 100Rank 52 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A84 out of 100Rank 8 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C44 out of 100Rank 56 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 16 of 78
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
- 29
- 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.
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VBIL$10,375
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 | VBIL |
|---|---|
| Year to date | +2.8% |
| 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 | +2.8% | |
| 2025 | +3.7% |
VBIL in the news
VBIL Dividends
- 3.50%
- $2.65
- $0.22 per share
- Monthly
Distribution history
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.
- −1.17
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
0.06%
VBIL0.06%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
5 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AVUSBVanguard Ultra-Short Bond ETFExpense ratio 0.10%1 year return +3.5%
- ATBLLInvesco Short Term Treasury ETFExpense ratio 0.08%1 year return +3.6%
- 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%
- APULSPGIM Ultra Short Bond ETFExpense ratio 0.15%1 year return +4.1%