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TBLL vs XBOX

Invesco Short Term Treasury ETF

TBLLANYSE Arca

Roundhill Box Spread ETF

XBOXCCboe

Overlap

Expense ratio

TBLL −0.11pt a year

TBLL0.08%XBOX0.19%

Avg volume · 30D

TBLL 4.7×the volume

TBLL313KXBOX66K

TBLL vs XBOX Performance

Jul 31, 2026 – Oct 30, 2026

+0.9%TBLL+1.0%XBOX

Jul 31, 2026 to Oct 30, 2026. TBLL +0.9%. XBOX +1.0%. Use the arrow keys to read each point.0%0.2%0.4%0.6%Jul 2026Sep 2026Oct 2026
Expense ratio
TBLL 0.08%, better
XBOX 0.19%
Fund size
TBLL $2.9B
XBOX $356M
1Y total return
TBLL +3.6%
XBOX No data
Yield (12M)
TBLL 3.59%
XBOX No data
Holdings
TBLL 90
XBOX 4
Avg volume (30D)
TBLL 313K sh, better
XBOX 66K sh
NAV per share
TBLL $105.62
XBOX $101.52
52W range

ETF.net Grade

TBLL: Cost 89, Risk 44, Mission 100, Tradability 80, Holdings 66, Durability 80. XBOX: Cost 38, Risk 55, Mission not scored, Tradability 44, Holdings 41, Durability 38.
Pillar letters and Scores for TBLL, XBOX, with each pillar’s weight
PillarTBLLXBOX
Cost30% weightA89HigherD38
Mission25% weightA100Not scored
Risk15% weightC44B55Higher
Tradability15% weightA80HigherC44
Holdings10% weightB66HigherC41
Durability5% weightA80HigherD38

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. TBLL and XBOX 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 ›

TBLL ranks 4th and XBOX 66th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  4. Rank 4ATBLLInvesco Short Term Treasury ETFScore 80
  5. Rank 4AVBILVanguard 0-3 Month Treasury Bill ETFScore 80
  6. Rank 64CSCUBSterling Capital Ultra Short Duration Bond EtfScore 46
  7. Rank 66CXBOXRoundhill Box Spread ETFScore 42
  8. Rank 67CCBOXCalamos Tax-Aware Collateral ETFScore 40

Our read on each fund

ETF.net Research

TBLLAInvesco Short Term Treasury ETF

XBOXCRoundhill Box Spread ETF

In short

TBLL The bill fund that stretches to a full year. TBLL owns U.S. Treasuries maturing in one year or less and charges 0.08%, well under the typical fund in its 0-1 year Treasury group.

XBOX No data

Stated mandate

TBLL The fund invests primarily in U.S. Treasury obligations with maturities of one year or less and seeks exposure to the ICE U.S. Treasury Short Bond Index.

XBOX No data

Why people hold it

  • TBLL Charges 0.08% a year against a 0.14% median for its 0-1 year Treasury cohort, and undercuts BIL, the 1-3 month bill fund at 0.14%.
  • Fishes the entire under-one-year curve, about 90 Treasury positions, instead of camping in 1-3 month paper like much of the peer shelf.
  • Live since 2017 and a multi-billion-dollar fund, with index tracking among the tighter implementations in its 17-fund group.
  • Distributions land monthly, and the portfolio is Treasury obligations only, so no corporate credit rides along.

XBOX No data

Worth knowing

  • TBLL Not the cheapest seat in the row: XONE runs 0.03% and VBIL 0.06%, so the cost gap is a few basis points.
  • Reaching out to one-year maturities carries slightly more interest-rate sensitivity than a strict 1-3 month bill portfolio.
  • Moderately traded rather than the volume leader of its category, so spreads deserve a look on larger orders.

XBOX No data

Full TBLL profile⁠

Full XBOX profile⁠

TBLL vs XBOX 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.

TBLL vs XBOX Cost

Overpaying XBOX vs TBLL

$2,263

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

  • TBLL 0.08%

    $1,689

  • XBOX 0.19%

    $3,952

$10,000
30 years

Cost over time

  • TBLL 0.08%
  • XBOX 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530XBOX $3,952TBLL $1,689

Year by year

YearTBLLXBOXOverpaying
10$147$347$200
20$575$1,351$776
30$1,689$3,952$2,263

Expense ratio

  • 0.08%TBLL, cheaper
  • 0.19%XBOX
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

TBLL 10th cheapest of 78 funds

XBOX 42nd cheapest of 78 funds

TBLL vs XBOX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TBLL 3.59%
XBOX No data
Payout (12M)
TBLL $3.79
XBOX None
Last payment
TBLL $0.34
XBOX No data
Ex-dividend
TBLL Oct 19, 2026
XBOX No data
Paid on
TBLL Oct 23, 2026
XBOX No data
Frequency
TBLL Monthly
XBOX No data

Distribution history

Per share, 2023 to 2026, same scale for both

TBLLMonthly · 46 paymentsAll TBLL payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 23, 2023 $0.32; Feb 21, 2023 $0.32; Mar 20, 2023 $0.37; Apr 24, 2023 $0.37; May 22, 2023 $0.40; Jun 20, 2023 $0.39; Jul 24, 2023 $0.43; Aug 21, 2023 $0.44; Sep 18, 2023 $0.43; Oct 23, 2023 $0.45; Nov 20, 2023 $0.47; Dec 18, 2023 $0.49; Jan 22, 2024 $0.45; Feb 20, 2024 $0.46; Mar 18, 2024 $0.44; Apr 22, 2024 $0.43; May 20, 2024 $0.44; Jun 24, 2024 $0.44; Jul 22, 2024 $0.46; Aug 19, 2024 $0.47; Sep 23, 2024 $0.44; Oct 21, 2024 $0.43; Nov 18, 2024 $0.42; Dec 23, 2024 $0.37; Jan 21, 2025 $0.39; Feb 24, 2025 $0.37; Mar 24, 2025 $0.36; Apr 21, 2025 $0.35; May 19, 2025 $0.33; Jun 23, 2025 $0.37; Jul 21, 2025 $0.38; Aug 18, 2025 $0.35; Sep 22, 2025 $0.35; Oct 20, 2025 $0.35; Nov 24, 2025 $0.33; Dec 22, 2025 $0.35; Jan 20, 2026 $0.33; Feb 23, 2026 $0.32; Mar 23, 2026 $0.30; Apr 20, 2026 $0.27; May 18, 2026 $0.32; Jun 22, 2026 $0.32; Jul 20, 2026 $0.31; Aug 24, 2026 $0.30; Sep 21, 2026 $0.32; Oct 19, 2026 $0.34. Use the arrow keys to read each point.$0$0.5020232026YTD
XBOXAll XBOX payments⁠

No distribution history available.

TBLL vs XBOX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TBLL 0.3%XBOX No data
Return per unit of riskSharpe ratio, 3 years
TBLL −0.66XBOX No data
Worst fallMax drawdown, 5 years
TBLL −0.4%XBOX No data
Market sensitivityBeta, 5 years
TBLL 0.01XBOX 0.04

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