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VBIL vs XCSH

Vanguard 0-3 Month Treasury Bill ETF

VBILANasdaq

XFUNDS 1-3 Month BOX ETF

XCSH—Nasdaq

Overlap

0.0%by weight

Expense ratio

VBIL −0.12pt a year

VBIL0.06%XCSH0.18%

Avg volume · 30D

VBIL 950.3×the volume

VBIL3MXCSH3.15K

VBIL vs XCSH Performance

Oct 2, 2026 – Nov 2, 2026

+0.3%VBIL+0.2%XCSH

Oct 2, 2026 to Nov 2, 2026. VBIL +0.3%. XCSH +0.2%. Use the arrow keys to read each point.−0.1%0%0.1%Oct 2Oct 16Nov 2
Expense ratio
VBIL 0.06%, better
XCSH 0.18%
Fund size
VBIL $12.8B
XCSH $12M
1Y total return
VBIL +3.8%
XCSH No data
Yield (12M)
VBIL 3.82%
XCSH No data
Holdings
VBIL 29
XCSH 4
Avg volume (30D)
VBIL 3M sh, better
XCSH 3.15K sh
NAV per share
VBIL $75.76
XCSH $100.77
52W range

ETF.net Grade

  • —XCSHNot yet graded
VBIL: Cost 95, Risk 48, Mission 100, Tradability 84, Holdings 43, Durability 79.
Pillar letters and Scores for VBIL, XCSH, with each pillar’s weight
PillarVBILXCSH
Cost30% weightA95Not scored
Mission25% weightA100Not scored
Risk15% weightC48Not scored
Tradability15% weightA84Not scored
Holdings10% weightC43Not scored
Durability5% weightA79Not scored

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Cash & Ultra-Short Income⁠

Category · 78 funds
See all 78 ›

VBIL ranks 3rd 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. XCSHNot yet graded

Our read on each fund

ETF.net Research

VBILAVanguard 0-3 Month Treasury Bill ETF

XCSH—XFUNDS 1-3 Month BOX ETF

In short

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.

XCSH No data

Stated mandate

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.

XCSH No data

Why people hold it

  • 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.

XCSH No data

Worth knowing

  • 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.

XCSH No data

Full VBIL profile⁠

Full XCSH profile⁠

VBIL vs XCSH Holdings

How VBIL and XCSH differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of VBIL and 0.0% of XCSH.

Level by level

  • Asset classFixed Income, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile99.5%

Sector

No Sector split for VBIL and XCSH.

Country, concentration and asset class

Country by domicile

Country weights in VBIL and XCSH, widest gap first
CountryMore in VBILMore in XCSH
United StatesVBIL +0.5 points
SwitzerlandXCSH +0.3 points
ChinaXCSH +0.1 points
MexicoXCSH +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • VBIL52.0%
  • XCSH100.0%

Securities held

  • VBIL27
  • XCSH3

Asset class

VBIL
Fixed Income
XCSH
Equity

Holdings

  • Only in VBIL27
  • In both0
  • Only in XCSH3

Only in VBIL

27 securities, 100% of VBIL by weight

  • United States Treasury Bill 10/29/20265.76%
  • United States Treasury Bill 10/01/20265.74%
  • United States Treasury Bill 10/06/20265.21%

Only in XCSH

3 securities, 100% of XCSH by weight

  • Spy 01/15/2027 100.01 C66.04%
  • Spy 01/15/2027 1100.01 P33.87%
  • First American Government Obligations Fund 12/01/20310.09%

Weight gaps

VBIL and XCSH share no securities.

All 27 VBIL holdings⁠All XCSH 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.

VBIL vs XCSH Cost

Overpaying XCSH vs VBIL

$2,479

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

  • VBIL 0.06%

    $1,270

  • XCSH 0.18%

    $3,749

$10,000
30 years

Cost over time

  • VBIL 0.06%
  • XCSH 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530XCSH $3,749VBIL $1,270

Year by year

YearVBILXCSHOverpaying
10$110$328$218
20$432$1,281$849
30$1,270$3,749$2,479

Expense ratio

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

VBIL 6th cheapest of 78 funds

XCSH 36th cheapest of 78 funds

VBIL vs XCSH Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
VBIL 3.82%
XCSH No data
Payout (12M)
VBIL $2.89
XCSH None
Last payment
VBIL $0.24
XCSH No data
Ex-dividend
VBIL Nov 2, 2026
XCSH No data
Paid on
VBIL Pays Nov 4, 2026
XCSH No data
Frequency
VBIL Monthly
XCSH No data

Distribution history

Per share, 2025 to 2026, same scale for both

VBILMonthly · 20 paymentsAll VBIL payments⁠
One bar per payment. 20 payments from 2025 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$0.252026YTD
XCSHAll XCSH payments⁠

No distribution history available.

VBIL vs XCSH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
VBIL 0.1%since Mar 2025XCSH No data
Return per unit of riskSharpe ratio, 3 years
VBIL −1.04since Mar 2025XCSH No data
Worst fallMax drawdown, 5 years
VBIL −0.1%since Feb 2025XCSH No data
Market sensitivityBeta, 5 years
VBIL −0.01XCSH 0.00

VBIL and XCSH in the news

All news⁠

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