BILvsIQMMETF Comparison
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State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and ProShares GENIUS Money Market ETF (IQMM) belong to the same industry segment: Money Market Bonds. Both ETFs have the same top 1 sector exposures: Sovereign. BIL is less expensive with a Total Expense Ratio (TER) of 0.1353%, versus 0.2% for IQMM. Run a side-by-side ETF comparison of BIL and IQMM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BIL vs IQMM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BIL IQMM | +0.29%+0.10% | +0.90%+0.65% | +2.45%n/a | +3.69%n/a | +14.09%n/a | +19.40%n/a |
| Flows | BIL IQMM | +$260M+$2.20B | -$182M-$908M | +$4.21B- | +$5.13B- | +$17.22B- | +$34.89B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BIL IQMM | +0.15%+0.31% | +0.15%n/a | +0.19%n/a | +0.20%n/a |
| Max drawdown | BIL IQMM | n/an/a | n/an/a | n/an/a | -0.05%n/a |
| Max drawdown duration | BIL IQMM | n/an/a | n/an/a | n/an/a | 259dn/a |
Trading data
BIL | IQMM | |
Last sale 9/10/2026 at 1:30 PM | $91.47 | |
| Previous close 09/09/2026 | $91.46 | |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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IQMM
is actively managed and doesn’t replicate an indexBIL | IQMM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
BIL | IQMM | |
|---|---|---|
| Last price | $91.47 | – |
| 1D performance | +0.01% | – |
| AuM | $46.95 B | $20.22 B |
| E/R | 0.1353% | 0.2% |
Characteristics
BIL | IQMM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | ProShares |
| Benchmark | Bloomberg U.S. Treasury Bills 1-3 Months Index | - |
| N° of holdings | 18 | 11 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 25, 2007 | February 17, 2026 |
| ESG | No | No |
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Exposure
Countries
BIL
USA
98.9%
Other
1.1%
IQMM
USA
95.11%
Other
4.89%
Sectors
BIL
Sovereign
98.9%
Other
1.1%
IQMM
Sovereign
95.11%
Other
4.89%
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Diversification
BIL
Total weight of top 15 holdings out of 15
91.95%
IQMM
Total weight of top 11 holdings out of 11
95.11%
Top 15 holdings
Data as of July 31, 2026
BIL
USA, Bills 0% 3sep2026, USD (364D)
10.37%
USA, Bills 0% 10sep2026, USD (182D)
10.10%
USA, Bills 0% 29oct2026, USD (364D)
8.05%
USA, Bills 0% 1oct2026, USD (364D)
7.34%
USA, Bills 0% 17sep2026, USD (182D)
7.01%
USA, Bills 0% 24sep2026, USD (182D)
6.94%
USA, Bills 0% 22sep2026, USD (119D)
5.93%
USA, Bills 0% 22oct2026, USD (182D)
5.86%
USA, Bills 0% 8oct2026, USD (182D)
5.76%
USA, Bills 0% 15oct2026, USD (182D)
5.23%
USA, Bills 0% 1sep2026, USD (119D)
5.05%
USA, Bills 0% 15sep2026, USD (119D)
4.72%
USA, Bills 0% 8sep2026, USD (119D)
4.36%
USA, Bills 0% 29sep2026, USD (119D)
2.62%
USA, Bills 0% 27oct2026, USD (119D)
2.61%
IQMM
USA, Bills 0% 17sep2026, USD (182D)
14.98%
USA, Bills 0% 3sep2026, USD (364D)
14.18%
USA, Bills 0% 13aug2026, USD (182D)
11.01%
USA, Bills 0% 10sep2026, USD (182D)
10.11%
USA, Bills 0% 22oct2026, USD (182D)
9.12%
USA, Bills 0% 24sep2026, USD (182D)
8.34%
USA, Bills 0% 1oct2026, USD (364D)
7.81%
USA, Bills 0% 8oct2026, USD (182D)
6.36%
USA, Bills 0% 6oct2026, USD (119D)
5.58%
USA, Bills 0% 15oct2026, USD (182D)
5.21%
USA, Bills 0% 29sep2026, USD (119D)
2.42%
Frequently asked questions about BIL and IQMM
Which ETF is bigger: BIL or IQMM?
As of September 9, 2026, BIL holds $46.95 B in assets under management (AUM), while IQMM manages $20.22 B.
What sectors do the BIL and IQMM ETFs invest in?
BIL leans toward sectors like Sovereign. Meanwhile, IQMM focuses on Sovereign.
What are the top holdings of the BIL ETF and IQMM ETF?
BIL top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 10sep2026, USD (182D) and USA, Bills 0% 29oct2026, USD (364D). IQMM holds in its top three: USA, Bills 0% 17sep2026, USD (182D), USA, Bills 0% 3sep2026, USD (364D) and USA, Bills 0% 13aug2026, USD (182D).
Which ETF is more diversified: BIL or IQMM?
BIL holds 18 securities with 91.95% of its assets in the top 15. IQMM has 11 securities.
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