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GBIL vs VBIL

Goldman Sachs Access Treasury 0-1 Year ETF

GBILANYSE Arca

Vanguard 0-3 Month Treasury Bill ETF

VBILANasdaq

Overlap

No data

Expense ratio

VBIL −0.06pt a year

GBIL0.12%VBIL0.06%

Avg volume · 30D

VBIL 4.6×the volume

GBIL653KVBIL3M

GBIL vs VBIL Performance

Oct 31, 2025 – Nov 2, 2026

+3.6%GBIL+3.8%VBIL

Oct 31, 2025 to Nov 2, 2026. GBIL +3.6%. VBIL +3.8%. Use the arrow keys to read each point.0%1%2%Oct 2025May 2026Nov 2026
Expense ratio
GBIL 0.12%
VBIL 0.06%, better
Fund size
GBIL $7.9B
VBIL $12.8B
1Y total return
GBIL +3.6%
VBIL +3.8%, better
Yield (12M)
GBIL 3.92%, better
VBIL 3.82%
Holdings
GBIL 41
VBIL 29
Avg volume (30D)
GBIL 653K sh
VBIL 3M sh, better
NAV per share
GBIL $100.19
VBIL $75.76
52W range

ETF.net Grade

GBIL: Cost 81, Risk 40, Mission 100, Tradability 83, Holdings 56, Durability 87. VBIL: Cost 95, Risk 48, Mission 100, Tradability 84, Holdings 43, Durability 79.
Pillar letters and Scores for GBIL, VBIL, with each pillar’s weight
PillarGBILVBIL
Cost30% weightA81A95Higher
Mission25% weightA100A100
Risk15% weightC40C48Higher
Tradability15% weightA83A84Higher
Holdings10% weightB56HigherC43
Durability5% weightA87HigherA79

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GBIL and VBIL 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 ›

VBIL ranks 3rd and GBIL 10th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
  4. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  5. Rank 8APULSPGIM Ultra Short Bond ETFScore 78
  6. Rank 10AGBILGoldman Sachs Access Treasury 0-1 Year ETFScore 77
  7. Rank 10AVGUSVanguard Ultra-Short Treasury ETFScore 77

Our read on each fund

ETF.net Research

GBILAGoldman Sachs Access Treasury 0-1 Year ETF

VBILAVanguard 0-3 Month Treasury Bill ETF

In short

GBIL Treasuries only, and the whole under-one-year slice: bills plus old notes and bonds in their final 12 months. Goldman's 2016-vintage cash park charges 0.12% net of a waiver through December 29, 2026.

VBIL Vanguard'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.

Stated mandate

GBIL The Fund seeks to track the FTSE US Treasury 0-1 Year Composite Select Index, which measures U.S. Treasury securities with no more than 12 months remaining maturity. It is passively managed and generally sells securities only when the index removes them.

VBIL 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

  • GBIL Treasuries only: securities with 12 months or less left to run, so no corporate credit sneaks in the way it can at ultra-short bond peers like ICSH and VUSB.
  • Passive to the letter, generally selling only when the index drops a security, and it has tracked that index about as tightly as this category gets.
  • Costs 0.12% net of a waiver through December 29, 2026 (0.14% gross), below the category median fee.
  • A multi-billion-dollar fund that trades actively and pays monthly income, one of the stronger implementations in its peer group.
  • VBIL 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.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

  • GBIL Cheaper bill funds exist: VBIL at 0.06%, CLIP at 0.07%, TBLL at 0.08%, none leaning on a waiver. GBIL's waiver runs to December 29, 2026; gross is 0.14%.
  • Holding nothing but sub-one-year paper, the monthly payout resets quickly when short-term rates move, in either direction, with almost no duration to cushion prices.
  • Roughly 40 Treasury positions, so results follow the short end of the curve rather than anyone's security picks.
  • VBIL 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.

Full GBIL profile⁠

Full VBIL profile⁠

GBIL vs VBIL 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.

GBIL vs VBIL Cost

Overpaying GBIL vs VBIL

$1,250

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

  • GBIL 0.12%

    $2,520

  • VBIL 0.06%

    $1,270

$10,000
30 years

Cost over time

  • GBIL 0.12%
  • VBIL 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530GBIL $2,520VBIL $1,270

Year by year

YearGBILVBILOverpaying
10$220$110$110
20$859$432$427
30$2,520$1,270$1,250

Expense ratio

  • 0.12%GBIL
  • 0.06%VBIL, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

VBIL 6th cheapest of 78 funds

GBIL 15th cheapest of 78 funds

GBIL vs VBIL Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
GBIL 3.92%, better
VBIL 3.82%
Payout (12M)
GBIL $3.92
VBIL $2.89
Last payment
GBIL $0.32
VBIL $0.24
Ex-dividend
GBIL Nov 2, 2026
VBIL Nov 2, 2026
Paid on
GBIL Pays Nov 6, 2026
VBIL Pays Nov 4, 2026
Frequency
GBIL Monthly
VBIL Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GBILMonthly · 46 paymentsAll GBIL payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.35; Mar 1, 2023 $0.29; Apr 3, 2023 $0.36; May 1, 2023 $0.38; Jun 1, 2023 $0.39; Jul 3, 2023 $0.39; Aug 1, 2023 $0.41; Sep 1, 2023 $0.40; Oct 2, 2023 $0.41; Nov 1, 2023 $0.46; Dec 1, 2023 $0.46; Dec 27, 2023 $0.47; Feb 1, 2024 $0.40; Mar 1, 2024 $0.40; Apr 1, 2024 $0.40; May 1, 2024 $0.46; Jun 3, 2024 $0.44; Jul 1, 2024 $0.39; Aug 1, 2024 $0.46; Sep 3, 2024 $0.41; Oct 1, 2024 $0.41; Nov 1, 2024 $0.39; Dec 2, 2024 $0.36; Dec 31, 2024 $0.40; Feb 3, 2025 $0.34; Mar 3, 2025 $0.32; Apr 1, 2025 $0.34; May 1, 2025 $0.35; Jun 2, 2025 $0.35; Jul 1, 2025 $0.34; Aug 1, 2025 $0.35; Sep 2, 2025 $0.33; Oct 1, 2025 $0.35; Nov 3, 2025 $0.34; Dec 1, 2025 $0.29; Dec 31, 2025 $0.34; Feb 2, 2026 $0.27; Mar 2, 2026 $0.27; Apr 1, 2026 $0.30; May 1, 2026 $0.29; Jun 1, 2026 $0.28; Jul 1, 2026 $0.31; Aug 3, 2026 $0.31; Sep 1, 2026 $0.30; Oct 1, 2026 $0.30; Nov 2, 2026 $0.32. Use the arrow keys to read each point.$0$0.5020232026YTD
VBILMonthly · 20 paymentsAll VBIL payments⁠
One bar per payment. 20 payments from 2023 to 2026 YTD. Apr 1, 2025 $0.23; May 1, 2025 $0.21; Jun 2, 2025 $0.22; Jul 1, 2025 $0.24; Aug 1, 2025 $0.25; Sep 2, 2025 $0.25; Oct 1, 2025 $0.24; Nov 3, 2025 $0.24; Dec 1, 2025 $0.23; Dec 18, 2025 $0.23; Feb 2, 2026 $0.23; Mar 2, 2026 $0.20; Apr 1, 2026 $0.21; May 1, 2026 $0.22; Jun 1, 2026 $0.22; Jul 1, 2026 $0.21; Aug 3, 2026 $0.23; Sep 1, 2026 $0.22; Oct 1, 2026 $0.22; Nov 2, 2026 $0.24. Use the arrow keys to read each point.$0$0.5020232026YTD

GBIL vs VBIL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GBIL 0.7%VBIL 0.1%since Mar 2025
Return per unit of riskSharpe ratio, 3 years
GBIL −0.17VBIL −1.04since Mar 2025
Worst fallMax drawdown, 5 years
GBIL −0.8%VBIL −0.1%since Feb 2025
Market sensitivityBeta, 5 years
GBIL 0.01VBIL −0.01

GBIL and VBIL in the news

All news⁠

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