ETF Versus

BIL vs XLP

State Street SPDR Bloomberg 1-3 Month T-Bill ETF vs State Street Consumer Staples Select Sector SPDR ETF

Last updated: 2026-04-10

BIL SPDR

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.

AUM: $51.5B ER: 0.14% Yield: 3.95% Since: May 25, 2007
XLP SPDR

State Street Consumer Staples Select Sector SPDR ETF (XLP) is an exchange-traded fund issued by SPDR that provides exposure to us sector - consumer staples securities. It charges a low expense ratio of 0.08%. The fund offers an attractive dividend yield of 2.63%. Launched in 1998, the fund has a 28-year track record.

AUM: $14.5B ER: 0.08% Yield: 2.63% Since: Dec 16, 1998

Quick Verdict

XLP has a slightly lower expense ratio (0.08% vs 0.14%), saving about $119 per $10,000 over 10 years. XLP has edged ahead over the past year (4.3% vs -0.0%). Income investors may prefer BIL for its higher yield (4.0% vs 2.6%).

Key Metrics

Metric BIL XLP
Expense Ratio 0.14% 0.08%
Dividend Yield 4.0% 2.6%
Fund Family SPDR SPDR
Category US Short-Term Treasury US Sector - Consumer Staples

Performance Chart

Indexed to 100 at start (5-year comparison)

95 102 109 116 123 130 2021-04 2022-07 2023-10 2025-01 2026-04
BIL +0.0%
XLP +19.4%

Performance Comparison

Period BIL XLP Difference
1 Month +0.03% -2.20% +2.23%
3 Months +0.01% +3.17% -3.16%
6 Months -0.10% +6.28% -6.38%
YTD +0.08% +6.48% -6.40%
1 Year -0.03% +4.25% -4.28%
3 Years -0.08% +9.45% -9.53%
5 Years +0.00% +19.39% -19.39%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period BIL Fees XLP Fees You Save
$10,000 10 years $278 $159 $119
$10,000 20 years $1,194 $686 $508
$10,000 30 years $3,841 $2,212 $1,628
$50,000 10 years $1,391 $797 $594
$50,000 30 years $19,203 $11,061 $8,141
$100,000 30 years $38,406 $22,123 $16,283

Risk Metrics

Based on 5 years of daily returns

Metric BIL XLP
Annualized Volatility 1.1% 13.2%
Max Drawdown -0.7% -17.8%
Sharpe Ratio -4.13 -0.01

Dividend Comparison

Metric BIL XLP
Annual Dividend (per share) $3.62 $2.18
Dividend Yield 3.95% 2.63%
Distribution Frequency Monthly Quarterly

Top Holdings

XLP Top Holdings

NameWeight
Walmart Inc.WMT12.01%
Costco Wholesale CorporationCOST9.72%
The Procter & Gamble CompanyPG7.23%
The Coca-Cola CompanyKO6.42%
Philip Morris International Inc.PM5.32%
Mondelez International, Inc.MDLZ4.79%
Altria Group, Inc.MO4.57%
PepsiCo, Inc.PEP4.57%
Colgate-Palmolive CompanyCL4.31%
Target CorporationTGT3.70%

Which One Should You Choose?

Choose XLP if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose XLP if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose BIL if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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