BILSvsSMTHETF Comparison
ETF 1
BILS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
This fund is part of
Money Market Bonds
+0.02%
VS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) belongs to the Money Market Bonds segment. ALPS Smith Core Plus Bond ETF (SMTH) is part of the US Aggregate Bonds segment. BILS's top 1 sector exposures are Sovereign. In contrast, SMTH's top sector exposures are Sovereign, Finance and Industrials. BILS is less expensive with a Total Expense Ratio (TER) of 0.1354%, versus 0.59% for SMTH. BILS is up 2.58% year-to-date (YTD) with +$44M in YTD flows. SMTH performs worse with -2.61% YTD performance, and +$1.41B in YTD flows. Run a side-by-side ETF comparison of BILS and SMTH 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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BILS vs SMTH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BILS SMTH | +0.26%-2.25% | +0.90%-3.25% | +2.58%-2.61% | +3.58%-2.03% | +14.07%n/a | +18.99%n/a |
| Flows | BILS SMTH | +$25M+$666M | +$40M+$799M | +$44M+$1.41B | +$59M+$1.70B | +$1.18B- | +$3.89B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BILS SMTH | +0.20%+4.00% | +0.18%+3.66% | +0.22%n/a | +0.27%n/a |
| Max drawdown | BILS SMTH | -0.00%-3.51% | -0.00%-4.41% | -0.00%n/a | -0.36%n/a |
| Max drawdown duration | BILS SMTH | 2d87d | 2d214d | 2dn/a | 359dn/a |
Trading data
BILS | SMTH | |
Last sale 10/2/2026 at 1:30 PM | $99.09 | $24.53 |
| Previous close 10/01/2026 | $99.07 | $24.58 |
| Consolidated volume 10/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SMTH
is actively managed and doesn’t replicate an indexBILS | SMTH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/2/2026 at 1:30 PM
Live
Closed
BILS | SMTH | |
|---|---|---|
| Last price | $99.09 | $24.53 |
| 1D performance | +0.02% | -0.22% |
| AuM | $3.89 B | $3.59 B |
| E/R | 0.1354% | 0.59% |
Characteristics
BILS | SMTH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | ALPS |
| Benchmark | Bloomberg 3–12 Month U.S. Treasury Bill Index | - |
| N° of holdings | 18 | 249 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 23, 2020 | December 5, 2023 |
| ESG | No | No |
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Exposure
Countries
BILS
USA
74.24%
Other
25.76%
SMTH
USA
75.22%
Other
24.78%
Sectors
BILS
Sovereign
74.24%
Other
25.76%
SMTH
Sovereign
39.91%
Finance
12.14%
Industrials
7.25%
Other
40.69%
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Diversification
BILS
Total weight of top 15 holdings out of 15
75.05%
SMTH
Total weight of top 15 holdings out of 15
45.38%
Top 15 holdings
Data as of August 31, 2026
BILS
USA, Bills 0% 21jan2027, USD (364D)
7.28%
USA, Bills 0% 18feb2027, USD (364D)
7.10%
USA, Bills 0% 24dec2026, USD (363D)
7.01%
USA, Bills 0% 7jan2027, USD (182D)
4.60%
USA, Bills 0% 14jan2027, USD (182D)
4.60%
USA, Bills 0% 28jan2027, USD (182D)
4.59%
US912797WB95
4.58%
US912797WC78
4.57%
USA, Bills 0% 3dec2026, USD (182D)
4.49%
USA, Bills 0% 10dec2026, USD (182D)
4.48%
USA, Bills 0% 17dec2026, USD (182D)
4.48%
USA, Bills 0% 4feb2027, USD (182D)
4.43%
USA, Bills 0% 31dec2026, USD (182D)
4.43%
US912797WG82
4.20%
US912797WH65
4.20%
SMTH
USA, Notes 3.375% 29feb2028, USD (AY-2028)
5.02%
USA, Notes 4.375% 15may2036, USD (C-2036)
4.82%
USA, Notes 4% 31may2028, USD (BC-2028)
4.14%
USA, Bonds 4.625% 15nov2045, USD
3.94%
USA, Notes 4.125% 31oct2029, USD (AF-2029)
3.89%
US91282CRF04
3.78%
US91282CRG86
3.41%
USA, Bonds 5% 15may2056, USD
3.03%
USA, Bonds 4.625% 15nov2055, USD
2.89%
USA, Notes 2.25% 15nov2027, USD (F-2027)
2.71%
USA, Bonds 4.875% 15aug2045, USD
2.47%
USA, Bonds 4.75% 15aug2055, USD
2.10%
US912810UW61
1.24%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.98%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
0.98%
Frequently asked questions about BILS and SMTH
How have the BILS and SMTH ETFs performed in 2026?
As of October 1, 2026, BILS is up 2.58% year-to-date (YTD), while SMTH has lost -2.61%. That puts BILS better performer ahead so far this year.
Which ETF is attracting more investor money: BILS or SMTH?
Year-to-date, the BILS ETF saw +$44M in flows, compared to +$1.41B for SMTH.
Which ETF is more volatile: BILS or SMTH?
Over the past year, BILS had a volatility of 0.18%, while SMTH experienced 3.66%.
Which ETF is bigger: BILS or SMTH?
As of October 1, 2026, BILS holds $3.89 B in assets under management (AUM), while SMTH manages $3.59 B.
What sectors do the BILS and SMTH ETFs invest in?
BILS leans toward sectors like Sovereign. Meanwhile, SMTH focuses on Sovereign, Finance and Industrials.
What are the top holdings of the BILS ETF and SMTH ETF?
BILS top holdings include USA, Bills 0% 21jan2027, USD (364D), USA, Bills 0% 18feb2027, USD (364D) and USA, Bills 0% 24dec2026, USD (363D). SMTH holds in its top three: USA, Notes 3.375% 29feb2028, USD (AY-2028), USA, Notes 4.375% 15may2036, USD (C-2036) and USA, Notes 4% 31may2028, USD (BC-2028).
Which ETF is more diversified: BILS or SMTH?
BILS holds 23 securities with 75.05% of its assets in the top 15. SMTH has 925 securities and a top 15 weight of 45.38%.
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Latest news about BILS & SMTH
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