CBIL vs VUSB: Grades, Fees and Holdings Compared

Corgi 3-12 Month T-Bill ETF

CBILBCboe

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

4.7%by weight

Expense ratio

CBIL −0.05pt a year

CBIL0.05%VUSB0.10%

Avg volume · 30D

VUSB 78.3×the volume

CBIL25.7KVUSB2.01M

CBIL vs VUSB Performance

Aug 4, 2026 – Nov 4, 2026

+1.0%CBIL+0.7%VUSB

Expense ratio: CBIL 0.05%, better; VUSB 0.10%
Fund size: CBIL $25M; VUSB $9.9B
1Y total return: CBIL No data; VUSB +3.7%
Yield (12M): CBIL No data; VUSB 4.28%
Holdings: CBIL 24; VUSB 1352
Avg volume (30D): CBIL 25.7K sh; VUSB 2.01M sh, better
NAV per share: CBIL $24.83; VUSB $49.45
52W range

ETF.net Grade

Pillar letters and Scores for CBIL, VUSB, with each pillar’s weight
Pillar	CBIL	VUSB
Cost30% weight	A95Higher	A84
Mission25% weight	Not scored	A100
Risk15% weight	C54Higher	C53
Tradability15% weight	F19	B67Higher
Holdings10% weight	C48	A86Higher
Durability5% weight	F10	A88Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. CBIL and VUSB are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

VUSB ranks 3rd and CBIL 40th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
Rank 5ASGOViShares 0-3 Month Treasury Bond ETFScore 80
Rank 38BMMKState Street Prime Money Market ETFScore 60
Rank 40BCBILCorgi 3-12 Month T-Bill ETFScore 59
Rank 40BDLUXDoubleLine Ultrashort Income ETFScore 59

Our read on each fund

ETF.net Research

CBILBCorgi 3-12 Month T-Bill ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

CBIL No data

VUSB Vanguard's first actively managed bond ETF, run by its in-house fixed income team and priced at 0.10%. It holds investment-grade paper maturing inside two years: a step past a money fund, well short of a real bond fund.

Stated mandate

CBIL No data

VUSB The fund seeks current income with limited price volatility while investing in diversified high- and medium-quality fixed-income securities. It expects to maintain a dollar-weighted average maturity of 0–2 years.

Why people hold it

CBIL No data

VUSB At 0.10%, it costs half the typical ultra-short bond ETF and undercuts the other leaders in the group: SHV, PULS, FLDR and DUSB all charge 0.15%.
Active, not adventurous. The managers buy investment-grade bonds (A3-or-better high quality plus BBB-tier medium quality) and hold average maturity to zero-to-two years.vanguard.com
Income lands monthly, sourced from roughly 170 bonds, so no single issuer drives the outcome.
A multi-billion-dollar fund that trades actively, and the same portfolio team also runs a similar Vanguard ultra-short fund.vanguard.com

Worth knowing

CBIL No data

VUSB This is not a money market fund. No fixed $1 share price, and the market price can trade above or below the value of the holdings.vanguard.com
The mandate allows BBB-tier credit, a notch of risk a Treasury-only neighbor like SHV doesn't take.vanguard.com
Bonds this short reprice with short-term rates, so the monthly payout drifts up and down instead of holding a set level.vanguard.com

Full CBIL profile⁠

Full VUSB profile⁠

CBIL vs VUSB Holdings

How CBIL and VUSB differ

Overlap by weight

4.7%

Shared holdings make up 5.9% of CBIL and 4.7% of VUSB.

Level by level

Asset classEquity, Fixed Income0.0%
Holdings2 in both4.7%
Countryby domicile76.9%

Sector

No Sector split for VUSB.

Country, concentration and asset class

Country by domicile

Country weights in CBIL and VUSB, widest gap first
Country	Gap	CBIL	VUSB
United States	CBIL +23.1 points	100.0%	76.9%
Canada	VUSB +7.2 points	0.0%	7.2%
United Kingdom	VUSB +3.5 points	0.0%	3.5%
Cayman Islands	VUSB +2.5 points	0.0%	2.5%
Japan	VUSB +2.1 points	0.0%	2.1%
Germany	VUSB +1.7 points	0.0%	1.7%
Australia	VUSB +1.6 points	0.0%	1.6%
Switzerland	VUSB +1.0 points	0.0%	1.0%
Other countries (13)	VUSB +3.6 points	0.0%	3.6%

Concentration

Weight in the 10 largest Holdings

CBIL53.0%
VUSB12.6%

Securities held

CBIL23
VUSB1,346

Asset class

CBIL: Equity
VUSB: Fixed Income

Holdings

Only in CBIL21
In both2
Only in VUSB1,344

Only in CBIL

21 securities, 94.1% of CBIL by weight

United States Treasury Bill 03/18/20277.30%
United States Treasury Bill 02/18/20277.10%
United States Treasury Bill 04/15/20276.87%
United States Treasury Bill 02/25/20274.56%
United States Treasury Bill 03/04/20274.56%
United States Treasury Bill 03/25/20274.55%
United States Treasury Bill 04/08/20274.53%
United States Treasury Bill 04/22/20274.52%
United States Treasury Bill 04/29/20274.52%
United States Treasury Bill 04/01/20274.52%
United States Treasury Bill 02/11/20274.50%
United States Treasury Bill 03/11/20274.47%
United States Treasury Bill 02/04/20274.38%
United States Treasury Bill 02/23/20274.17%
United States Treasury Bill 02/09/20274.11%
United States Treasury Bill 02/16/20274.06%
United States Treasury Bill 02/02/20273.98%
United States Treasury Bill 08/05/20272.95%
United States Treasury Bill 07/08/20272.93%
United States Treasury Bill 05/13/20272.78%
United States Treasury Bill 06/10/20272.76%

Only in VUSB

1,344 securities, 99.4% of VUSB by weight

Usd/Aud Fwd 202612161.07%
Regions Bank/Birmingham AL 4.75% 07/27/20290.89%
PNC Financial Services Group Inc/The 4.62% 10/26/20290.53%
National Bank of Canada 5.00% 09/08/20290.53%
Citizens Bank NA/Providence RI 4.87% 08/10/20290.48%
US Bancorp 5.78% 06/12/20290.47%
Charles Schwab Corp/The 4.60% 07/27/20290.45%
Canadian Imperial Bank of Commerce 4.72% 06/16/20290.42%
AbbVie Inc 4.50% 08/18/20280.41%
United States Treasury Note/Bond 3.50% 10/31/20270.41%
Truist Bank 4.42% 07/24/20280.41%
Province of British Columbia Canada 4.70% 01/24/20280.41%
Westlake Flooring Master Trust 4.23% 10/15/20290.41%
UBS Group AG 4.53% 04/10/20300.38%
OneMain Financial Issuance Trust 2026-2 4.98% 01/14/20380.38%
Bank of Montreal 4.63% 09/22/20280.38%
Hyundai Auto Lease Securitization Trust 2026-C 4.68% 07/16/20290.37%
Dllad 2024-1 Llc 5.30% 07/20/20290.37%
National Bank of Canada 4.17% 01/20/20290.35%
Goldman Sachs Group Inc/The 4.15% 01/21/20290.35%
Equitable Holdings Inc 4.35% 04/20/20280.34%
Truist Bank 4.14% 10/23/20290.34%
Wendy's Funding LLC 3.88% 03/15/20480.34%
Bank of America Corp 5.20% 04/25/20290.34%
PFS Financing Corp 5.34% 04/15/20290.33%
Rktl 2026-3 4.51% 08/27/20350.33%
Extra Space Storage LP 5.70% 04/01/20280.33%
NTT Finance Corp 4.57% 07/16/20270.33%
Truist Bank 4.14% 01/27/20290.32%
Intel Corp 4.88% 02/10/20280.32%
Mercedes-Benz Finance North America LLC 4.13% 03/10/20280.32%
Digital Realty Trust LP 4.45% 07/15/20280.32%
American Honda Finance Corp 4.40% 12/11/20260.31%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.00% 10/29/20280.31%
Navistar Financial Dealer Note Master Owner Trust II 2025-1 4.18% 09/25/20300.30%
Cheniere Corpus Christi Holdings LLC 5.13% 06/30/20270.29%
UBS Group AG 4.73% 12/23/20290.29%
M&T Bank Auto Receivables Trust 2026-1 4.33% 07/16/20290.29%
BAT Capital Corp 2.26% 03/25/20280.28%
Canadian Imperial Bank of Commerce 4.86% 01/13/20280.28%
M&T Bank Auto Receivables Trust 2026-1 4.66% 06/16/20310.28%
Deutsche Bank AG/New York NY 5.27% 09/18/20290.28%
Citizens Bank NA/Providence RI 4.19% 01/29/20290.27%
NatWest Group PLC 4.89% 05/18/20290.27%
Canadian Imperial Bank of Commerce 4.51% 01/29/20300.27%
Goldman Sachs Group Inc/The 3.81% 04/23/20290.27%
Digital Realty Trust LP 5.55% 01/15/20280.27%
Sprint Capital Corp 6.88% 11/15/20280.27%
Rktl 2026-2 4.33% 05/25/20350.27%
AT&T Inc 4.10% 02/15/20280.26%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in CBIL and VUSB, widest gap first
Holding	More in CBILMore in VUSB	Gap	CBIL	VUSB
United States Treasury Bill 09/30/2027		CBIL +0.57 points	2.92%	2.35%
United States Treasury Bill 09/02/2027		CBIL +0.54 points	2.93%	2.39%

All 24 CBIL holdings⁠All 1,347 VUSB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CBIL vs VUSB Cost

Overpaying VUSB vs CBIL

$1,046

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CBIL 0.05%
$1,060
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

CBIL 0.05%
VUSB 0.10%
Overpaying

Year by year

Year	CBIL	VUSB	Overpaying
10	$92	$183	$91
20	$360	$717	$357
30	$1,060	$2,106	$1,046

Expense ratio

0.05%CBIL, cheaper
0.10%VUSB

CBIL0.05%VUSB0.10%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

CBIL 3rd cheapest of 78 funds

VUSB 13th cheapest of 78 funds

CBIL vs VUSB Dividends

Last 12 months to Nov 4, 2026

Yield (12M): CBIL No data; VUSB 4.28%
Payout (12M): CBIL No data; VUSB $2.12
Last payment: CBIL $0.06; VUSB $0.18
Ex-dividend: CBIL Oct 30, 2026; VUSB Nov 2, 2026
Paid on: CBIL Nov 2, 2026; VUSB Nov 4, 2026
Frequency: CBIL Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CBILMonthly · 5 paymentsAll CBIL payments⁠

VUSBMonthly · 46 paymentsAll VUSB payments⁠

CBIL vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CBIL No dataVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: CBIL No dataVUSB 0.86
Worst fallMax drawdown, 5 years: CBIL No dataVUSB −1.7%
Market sensitivityBeta, 5 years: CBIL −0.37VUSB 0.10; Market = 1

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