FLCBvsBILSETF Comparison
VS
ETF 2
BILS
State Street SPDR Bloomberg 3-12 Month T-Bill ETF
This fund is part of
Money Market Bonds
+0.03%
Franklin U.S. Core Bond ETF (FLCB) belongs to the US Aggregate Bonds segment. State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is part of the Money Market Bonds segment. FLCB's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, BILS's top sector exposures are Sovereign. FLCB is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.1354% for BILS. FLCB is down -4.12% year-to-date (YTD) with +$486M in YTD flows. BILS performs better with 2.75% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of FLCB and BILS 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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FLCB vs BILS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLCB BILS | -0.55%+0.35% | -2.98%+0.90% | -4.12%+2.75% | -4.99%+3.61% | +10.13%+14.02% | -9.82%+19.21% |
| Flows | FLCB BILS | +$103M+$40M | +$182M+$65M | +$486M+$44M | +$496M+$40M | +$1.57B+$1.11B | +$1.82B+$3.89B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLCB BILS | +4.39%+0.19% | +4.03%+0.18% | +5.00%+0.22% | +5.82%+0.27% |
| Max drawdown | FLCB BILS | -4.34%-0.00% | -7.20%-0.00% | -7.20%-0.00% | -19.92%-0.36% |
| Max drawdown duration | FLCB BILS | 89d2d | 229d2d | 229d2d | 1802d342d |
Trading data
FLCB | BILS | |
Last sale 10/19/2026 at 1:30 PM | $20.53 | $99.25 |
| Previous close 10/16/2026 | $20.59 | $99.24 |
| 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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FLCB
is actively managed and doesn’t replicate an indexFLCB | BILS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
FLCB | BILS | |
|---|---|---|
| Last price | $20.53 | $99.25 |
| 1D performance | -0.29% | +0.01% |
| AuM | $3.12 B | $3.90 B |
| E/R | 0.15% | 0.1354% |
Characteristics
FLCB | BILS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Franklin Templeton | State Street Investment Management |
| Benchmark | - | Bloomberg 3–12 Month U.S. Treasury Bill Index |
| N° of holdings | 828 | 18 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2019 | September 23, 2020 |
| ESG | No | No |
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Exposure
Countries
FLCB
USA
59.09%
Other
40.91%
BILS
USA
74.24%
Other
25.76%
Sectors
FLCB
Sovereign
28.18%
Finance
9.96%
Industrials
8.51%
Other
53.35%
BILS
Sovereign
74.24%
Other
25.76%
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Diversification
FLCB
Total weight of top 15 holdings out of 15
19.26%
BILS
Total weight of top 15 holdings out of 15
75.05%
Top 15 holdings
Data as of August 31, 2026
FLCB
USA, Notes 3.25% 30jun2027, USD (AA-2027)
2.82%
USA, Notes 4.125% 15jul2029, USD (AQ-2029)
2.07%
USA, Notes 1.375% 31dec2028, USD (T-2028)
1.82%
USA, Notes 4.125% 31jul2028, USD (AB-2028)
1.71%
USA, Notes 4.125% 30apr2033, USD (K-2033)
1.53%
USA, Notes 4.25% 30jun2033, USD (M-2033)
1.15%
USA, Bonds 1.375% 15aug2050, USD
1.12%
USA, Notes 4% 31oct2029, USD (R-2029)
1.07%
USA, Bonds 4.75% 15aug2055, USD
0.98%
USA, Notes 0.5% 30jun2027, USD (M-2027)
0.96%
USA, Notes 1.25% 31may2028, USD (L-2028)
0.83%
USA, Bonds 3% 15nov2044, USD
0.82%
USA, Bonds 2% 15nov2041, USD
0.81%
USA, Bonds 3% 15feb2049, USD
0.79%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.77%
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%
Frequently asked questions about FLCB and BILS
How have the FLCB and BILS ETFs performed in 2026?
As of October 16, 2026, FLCB is down -4.12% year-to-date (YTD), while BILS has returned 2.75%. That puts BILS better performer ahead so far this year.
Which ETF is attracting more investor money: FLCB or BILS?
Year-to-date, the FLCB ETF saw +$486M in flows, compared to +$44M for BILS.
Which ETF is more volatile: FLCB or BILS?
Over the past year, FLCB had a volatility of 4.03%, while BILS experienced 0.18%.
Which ETF is bigger: FLCB or BILS?
As of October 16, 2026, FLCB holds $3.12 B in assets under management (AUM), while BILS manages $3.90 B.
What sectors do the FLCB and BILS ETFs invest in?
FLCB leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, BILS focuses on Sovereign.
What are the top holdings of the FLCB ETF and BILS ETF?
FLCB top holdings include USA, Notes 3.25% 30jun2027, USD (AA-2027), USA, Notes 4.125% 15jul2029, USD (AQ-2029) and USA, Notes 1.375% 31dec2028, USD (T-2028). BILS holds in its top three: USA, Bills 0% 21jan2027, USD (364D), USA, Bills 0% 18feb2027, USD (364D) and USA, Bills 0% 24dec2026, USD (363D).
Which ETF is more diversified: FLCB or BILS?
FLCB holds 1037 securities with 19.26% of its assets in the top 15. BILS has 23 securities and a top 15 weight of 75.05%.
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Latest news about FLCB & BILS
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