BILvsUSFRETF Comparison
ETF 1
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
This fund is part of
Money Market Bonds
+0.01%
VS
State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) belongs to the Money Market Bonds segment. WisdomTree Floating Rate Treasury Fund (USFR) is part of the US Government Bonds segment. Both ETFs have the same top 1 sector exposures: Sovereign. BIL is less expensive with a Total Expense Ratio (TER) of 0.1353%, versus 0.15% for USFR. BIL is up 2.44% year-to-date (YTD) with +$4.23B in YTD flows. USFR performs better with 2.66% YTD performance, and +$2.89B in YTD flows. Run a side-by-side ETF comparison of BIL and USFR 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 USFR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BIL USFR | +0.28%+0.29% | +0.91%+0.98% | +2.44%+2.66% | +3.69%+4.00% | +14.09%+14.62% | +19.39%+20.98% |
| Flows | BIL USFR | +$277M+$512M | +$110M+$1.95B | +$4.23B+$2.89B | +$5.04B+$555M | +$17.33B+$1.16B | +$34.91B+$18.18B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BIL USFR | +0.15%+0.16% | +0.15%+0.16% | +0.19%+0.21% | +0.20%+0.22% |
| Max drawdown | BIL USFR | n/an/a | n/an/a | n/an/a | -0.05%-0.04% |
| Max drawdown duration | BIL USFR | n/an/a | n/an/a | n/an/a | 259d29d |
Trading data
BIL | USFR | |
Last sale 9/9/2026 at 1:30 PM | $91.46 | $50.41 |
| Previous close 09/08/2026 | $91.46 | $50.41 |
| Consolidated volume 09/08/2026 | ||
| 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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BIL | USFR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
BIL | USFR | |
|---|---|---|
| Last price | $91.46 | $50.41 |
| 1D performance | +0.00% | +0.00% |
| AuM | $46.96 B | $19.30 B |
| E/R | 0.1353% | 0.15% |
Characteristics
BIL | USFR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | WisdomTree |
| Benchmark | Bloomberg U.S. Treasury Bills 1-3 Months Index | Bloomberg U.S. Treasury Floating Rate Bond Index |
| N° of holdings | 18 | 5 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 25, 2007 | February 4, 2014 |
| ESG | No | No |
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Exposure
Countries
BIL
USA
98.9%
Other
1.1%
USFR
USA
99.02%
Other
0.98%
Sectors
BIL
Sovereign
98.9%
Other
1.1%
USFR
Sovereign
99.02%
Other
0.98%
Diversification
BIL
Total weight of top 15 holdings out of 15
91.95%
USFR
Total weight of top 5 holdings out of 5
99.02%
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%
USFR
USA, Notes FRN 31oct2027, USD (BK-2027)
27.83%
USA, Notes FRN 30apr2028, USD (BB-2028)
27.80%
USA, Notes FRN 31jan2028, USD (AX-2028)
27.80%
USA, Notes FRN 31jul2027, USD (BF-2027)
9.06%
USA, Notes FRN 31jul2028, USD (BF-2028)
6.53%
Frequently asked questions about BIL and USFR
How have the BIL and USFR ETFs performed in 2026?
As of September 8, 2026, BIL is up 2.44% year-to-date (YTD), while USFR has returned 2.66%. That puts USFR better performer ahead so far this year.
Which ETF is attracting more investor money: BIL or USFR?
Year-to-date, the BIL ETF saw +$4.23B in flows, compared to +$2.89B for USFR.
Which ETF is more volatile: BIL or USFR?
Over the past year, BIL had a volatility of 0.15%, while USFR experienced 0.16%.
Which ETF is bigger: BIL or USFR?
As of September 8, 2026, BIL holds $46.96 B in assets under management (AUM), while USFR manages $19.30 B.
What sectors do the BIL and USFR ETFs invest in?
BIL leans toward sectors like Sovereign. Meanwhile, USFR focuses on Sovereign.
What are the top holdings of the BIL ETF and USFR ETF?
BIL top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 10sep2026, USD (182D) and USA, Bills 0% 29oct2026, USD (364D). USFR holds in its top three: USA, Notes FRN 31oct2027, USD (BK-2027), USA, Notes FRN 30apr2028, USD (BB-2028) and USA, Notes FRN 31jan2028, USD (AX-2028).
Which ETF is more diversified: BIL or USFR?
BIL holds 18 securities with 91.95% of its assets in the top 15. USFR has 5 securities.
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