BILZvsTBLLETF Comparison
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PIMCO Ultra Short Government Active ETF (BILZ) and Invesco Treasury Collateral ETF (TBLL) belong to the same industry segment: Money Market Bonds. Both ETFs have the same top 1 sector exposures: Sovereign. BILZ is more expensive with a Total Expense Ratio (TER) of 0.14%, versus 0.08% for TBLL. BILZ is up 2.85% year-to-date (YTD) with +$135M in YTD flows. TBLL performs worse with 2.76% YTD performance, and +$407M in YTD flows. Run a side-by-side ETF comparison of BILZ and TBLL 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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BILZ vs TBLL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BILZ TBLL | +0.35%+0.34% | +0.93%+0.90% | +2.85%+2.76% | +3.71%+3.61% | +14.10%+13.98% | n/a+19.49% |
| Flows | BILZ TBLL | +$77M+$79M | -$18M+$68M | +$135M+$407M | +$125M+$437M | +$909M+$1.20B | -+$1.96B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BILZ TBLL | +0.16%+0.15% | +0.15%+0.13% | +0.19%+0.18% | n/a+0.23% |
| Max drawdown | BILZ TBLL | n/an/a | n/an/a | n/an/a | n/a-0.15% |
| Max drawdown duration | BILZ TBLL | n/an/a | n/an/a | n/an/a | n/a224d |
Trading data
BILZ | TBLL | |
Last sale 10/16/2026 at 1:30 PM | $100.81 | $105.78 |
| Previous close 10/16/2026 | $100.76 | $105.73 |
| Consolidated volume 10/16/2026 | ||
| 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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BILZ
is actively managed and doesn’t replicate an indexBILZ | TBLL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BILZ | TBLL | |
|---|---|---|
| Last price | $100.81 | $105.78 |
| 1D performance | +0.04% | +0.05% |
| AuM | $973.73 M | $2.66 B |
| E/R | 0.14% | 0.08% |
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Exposure
Countries
BILZ
USA
100%
TBLL
USA
100%
Other
-0%
Sectors
BILZ
Sovereign
100%
TBLL
Sovereign
100%
Other
-0%
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Diversification
BILZ
Total weight of top 3 holdings out of 3
100%
TBLL
Total weight of top 15 holdings out of 15
30.78%
Top 15 holdings
Data as of August 31, 2026
BILZ
USA, Bills 0% 27oct2026, USD (119D)
41.81%
USA, Bills 0% 22sep2026, USD (119D)
40.23%
USA, Bills 0% 1dec2026, USD (119D)
17.96%
TBLL
USA, Bills 0% 8sep2026, USD (119D)
2.79%
USA, Bills 0% 3sep2026, USD (364D)
2.30%
USA, Bills 0% 17sep2026, USD (182D)
2.19%
USA, Bills 0% 17nov2026, USD (119D)
2.12%
USA, Bills 0% 10sep2026, USD (182D)
2.01%
USA, Bills 0% 8oct2026, USD (182D)
1.97%
USA, Bills 0% 15oct2026, USD (182D)
1.97%
USA, Bills 0% 22oct2026, USD (182D)
1.96%
USA, Bills 0% 15sep2026, USD (119D)
1.93%
USA, Bills 0% 3nov2026, USD (119D)
1.92%
USA, Bills 0% 13oct2026, USD (119D)
1.92%
USA, Bills 0% 10nov2026, USD (119D)
1.92%
USA, Bills 0% 20oct2026, USD (119D)
1.92%
USA, Bills 0% 27oct2026, USD (119D)
1.92%
USA, Bills 0% 24nov2026, USD (119D)
1.92%
Frequently asked questions about BILZ and TBLL
How have the BILZ and TBLL ETFs performed in 2026?
As of October 16, 2026, BILZ is up 2.85% year-to-date (YTD), while TBLL has returned 2.76%. That puts BILZ better performer ahead so far this year.
Which ETF is attracting more investor money: BILZ or TBLL?
Year-to-date, the BILZ ETF saw +$135M in flows, compared to +$407M for TBLL.
Which ETF is more volatile: BILZ or TBLL?
Over the past year, BILZ had a volatility of 0.15%, while TBLL experienced 0.13%.
Which ETF is bigger: BILZ or TBLL?
As of October 16, 2026, BILZ holds $973.73 M in assets under management (AUM), while TBLL manages $2.66 B.
What sectors do the BILZ and TBLL ETFs invest in?
BILZ leans toward sectors like Sovereign. Meanwhile, TBLL focuses on Sovereign.
What are the top holdings of the BILZ ETF and TBLL ETF?
BILZ top holdings include USA, Bills 0% 27oct2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 1dec2026, USD (119D). TBLL holds in its top three: USA, Bills 0% 8sep2026, USD (119D), USA, Bills 0% 3sep2026, USD (364D) and USA, Bills 0% 17sep2026, USD (182D).
Which ETF is more diversified: BILZ or TBLL?
BILZ has 3 securities. TBLL has 86 securities and a top 15 weight of 30.78%.
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