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XBIL

GradeBNASDAQ Global Market

US Treasury 6 Month Bill ETF

Treasury & Government Bond · F/m · Inception 2023-03-07

$50.09+0.00 (+0.01%)

As of Sep 23, 2026, 2:02 PM EDT

History starts Mar 7, 2023.
Intraday session: flat, 44 prints from 50.09 to 50.09. Range 50.08 to 50.10. Use the arrow keys to read each point.$50.08$50.09$50.09$50.1010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$755M
1Y return
+3.6%
Yield · Last 12 months
3.65%
Holdings
6
Volume · 30D
0.1M sh
NAV per share
$50.08
52W range
low $49.98high $50.22

The ETF.net XBIL Grade

B

69/ 100

Rank 25 of 78 in Cash & Ultra-Short Income

Confidence High

Six-pillar profile for XBIL. Scores out of 100: Cost 68, Risk 44, Mission 100, Tradability 69, Holdings 39, Durability 62. Strongest: Mission (100). Weakest: Holdings (39). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B 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.
    BScore 68
    Category rank31/78 · top 40%
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank53/64 · bottom quartile
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank52/75 · mid-pack
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 69
    Category rank20/78 · top 26%
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 39
    Category rank63/77 · bottom quartile
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 62
    Category rank33/78 · top 42%

Graded as of Sep 22, 2026

Our read on XBIL

ETF.net Research

BMost cash-parking ETFs hold a basket of bills. XBIL holds one: the newest 6-month Treasury, rolled every month. Pinpoint exposure to a single spot on the yield curve, in a wrapper that pays monthly.

Stated mandate

The Fund seeks to track, before fees and expenses, the price and yield performance of the ICE BofA US 6-Month Treasury Bill Index. It is a passively managed ETF.

Why people hold it

  1. 01Single-bond design. It holds the most recently auctioned ("on the run") 6-month bill and rolls automatically each month, so exposure stays pinned to that point on the curve.businesswire.com
  2. 02Interest lands monthly instead of as a single lump at the bill's maturity, and shares trade in fractions of traditional bond sizing.businesswire.com
  3. 03Sits further out the curve than 0-3 month bill funds like BIL and CLIP, capturing the 6-month rate rather than resetting every few weeks.
  4. 04Part of a full single-security Treasury lineup from F/m, so the same mechanism exists at 3-month, 12-month and longer tenors if you want a different rung.fminvest.comustreasuryetf.com

Worth knowing

  1. 01At 0.15% a year it runs a hair above the typical fund in its group, and rivals like XONE (0.03%) and VBIL (0.06%) charge considerably less for short Treasury exposure.
  2. 02Six months of maturity carries a bit more price sensitivity to rate moves than the 0-3 month bill funds it shares a shelf with.
  3. 03A mid-sized, moderately traded fund rather than one of the category's behemoths, which can show up as wider bid-ask spreads.

XBIL Holdings

As of Sep 20, 2026, 4:12 AM
Asset class
Bonds
Holdings
6
Top-10 weight
100%
Largest holding
United States Treasury Bill 02/25/202731.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001United States Treasury Bill 02/25/202731.29%0$236M6
002United States Treasury Bill 03/11/202726.21%0$198M3
003United States Treasury Bill 03/04/202723.02%0$174M4
004United States Treasury Bill 03/18/202719.48%0$147M31
005Cash & Other<0.01%0$10K674

Showing 1–5 of 5 holdings

XBIL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XBIL$10,356
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. XBIL $10,356. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for XBIL. Periods over one year show the average yearly return.
PeriodXBIL
Year to date+2.5%
1 month+0.2%
3 months+0.9%
1 year+3.6%
3 years+4.5%per year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XBIL
YearReturn barXBIL
2026 YTD+2.5%
2025+4.2%
2024+5.2%
2023+4.3%

Since listing, Mar 7, 2023

XBIL in the news

ETF.net Research hasn’t filed on XBIL yet — coverage lands here as it’s written.

XBIL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.65%Last 12 months
Payout per share
$1.83Last 12 months
Last payment
$0.16 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 42 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.19; May 1, 2023 $0.20; Jun 1, 2023 $0.20; Jul 3, 2023 $0.22; Aug 1, 2023 $0.22; Sep 1, 2023 $0.22; Oct 2, 2023 $0.22; Nov 1, 2023 $0.23; Dec 1, 2023 $0.23; Dec 27, 2023 $0.22; Feb 1, 2024 $0.22; Mar 1, 2024 $0.21; Apr 1, 2024 $0.22; May 1, 2024 $0.22; Jun 3, 2024 $0.22; Jul 1, 2024 $0.22; Aug 1, 2024 $0.22; Sep 3, 2024 $0.21; Oct 1, 2024 $0.19; Nov 1, 2024 $0.18; Dec 2, 2024 $0.18; Dec 30, 2024 $0.18; Feb 3, 2025 $0.17; Mar 3, 2025 $0.17; Apr 1, 2025 $0.17; May 1, 2025 $0.17; Jun 2, 2025 $0.17; Jul 1, 2025 $0.18; Aug 1, 2025 $0.17; Sep 2, 2025 $0.17; Oct 1, 2025 $0.16; Nov 3, 2025 $0.15; Dec 2, 2025 $0.15; Dec 30, 2025 $0.16; Jan 29, 2026 $0.15; Feb 26, 2026 $0.15; Mar 30, 2026 $0.15; Apr 28, 2026 $0.15; May 28, 2026 $0.15; Jun 29, 2026 $0.15; Jul 28, 2026 $0.16; Aug 27, 2026 $0.16. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Aug 27, 2026Aug 28, 2026$0.16
Jul 28, 2026Jul 29, 2026$0.16
Jun 29, 2026Jun 30, 2026$0.15
May 28, 2026May 29, 2026$0.15
Apr 28, 2026Apr 29, 2026$0.15
Mar 30, 2026Mar 31, 2026$0.15
Feb 26, 2026Feb 27, 2026$0.15
Jan 29, 2026Jan 30, 2026$0.15
Dec 30, 2025Dec 31, 2025$0.16
Dec 2, 2025Dec 3, 2025$0.15
Nov 3, 2025Nov 4, 2025$0.15
Oct 1, 2025Oct 2, 2025$0.16

XBIL Risk

How much the fund’s monthly returns vary, scaled to a year.
0.3%
Annualised · 36 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.67
vs 3-month T-bills · to Aug 2026
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.

The largest fall from a peak to the low that followed.
−0.1%
42 months · trough Mar 2023
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.

How strongly the fund’s returns move with its asset-class index.
0.02
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

XBIL Cost

Expense ratio0.15%
  • The middle half of Cash & Ultra-Short Income funds
  • Median 0.19%

20 of the 77 Cash & Ultra-Short Income funds charge less.

XBIL costs $15.00 a year on $10,000. The median Cash & Ultra-Short Income fund costs $19.00.