BIL vs SHY
State Street SPDR Bloomberg 1-3 Month T-Bill ETF vs iShares 1-3 Year Treasury Bond ETF
Last updated: 2026-04-10
State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund issued by SPDR that provides exposure to short-duration U.S. Treasury bonds with low interest rate risk. It charges a low expense ratio of 0.14%. The fund offers an attractive dividend yield of 3.95%. Launched in 2007, the fund has a 19-year track record.
iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund issued by iShares that provides exposure to short-duration U.S. Treasury bonds with low interest rate risk. It charges a low expense ratio of 0.15%. The fund offers an attractive dividend yield of 3.72%. Launched in 2002, the fund has a 24-year track record.
Quick Verdict
Both funds have nearly identical expense ratios (0.14% vs 0.15%), so fees are not a differentiator here. Both funds have delivered similar 1-year returns (-0.0% vs -0.2%), tracking closely.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Which One Should You Choose?
Either works if...
you just need broad us short-term treasury exposure. Both are solid options — pick whichever your brokerage offers commission-free.