SMTHvsBILSETF 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%
ALPS Smith Core Plus Bond ETF (SMTH) 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. SMTH's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, BILS's top sector exposures are Sovereign. SMTH is more expensive with a Total Expense Ratio (TER) of 0.59%, versus 0.1354% for BILS. SMTH is down -1.61% year-to-date (YTD) with +$1.42B in YTD flows. BILS performs better with 2.75% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of SMTH 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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SMTH 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. | SMTH BILS | -0.34%+0.35% | -1.90%+0.90% | -1.61%+2.75% | -1.79%+3.61% | n/a+14.02% | n/a+19.21% |
| Flows | SMTH BILS | +$641M+$40M | +$769M+$65M | +$1.42B+$44M | +$1.63B+$40M | -+$1.11B | -+$3.89B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMTH BILS | +4.09%+0.19% | +3.67%+0.18% | n/a+0.22% | n/a+0.27% |
| Max drawdown | SMTH BILS | -3.25%-0.00% | -4.53%-0.00% | n/a-0.00% | n/a-0.36% |
| Max drawdown duration | SMTH BILS | 52d2d | 229d2d | n/a2d | n/a342d |
Trading data
SMTH | BILS | |
Last sale 10/16/2026 at 1:30 PM | $24.78 | $99.24 |
| Previous close 10/15/2026 | $24.75 | $99.19 |
| Consolidated volume 10/15/2026 | ||
| 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 indexSMTH | 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 10/16/2026 at 1:30 PM
Live
Closed
SMTH | BILS | |
|---|---|---|
| Last price | $24.78 | $99.24 |
| 1D performance | +0.12% | +0.05% |
| AuM | $3.63 B | $3.90 B |
| E/R | 0.59% | 0.1354% |
Characteristics
SMTH | BILS | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | ALPS | State Street Investment Management |
| Benchmark | - | Bloomberg 3–12 Month U.S. Treasury Bill Index |
| N° of holdings | 249 | 18 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 5, 2023 | September 23, 2020 |
| ESG | No | No |
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Exposure
Countries
SMTH
USA
75.22%
Other
24.78%
BILS
USA
74.24%
Other
25.76%
Sectors
SMTH
Sovereign
39.91%
Finance
12.14%
Industrials
7.25%
Other
40.69%
BILS
Sovereign
74.24%
Other
25.76%
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Diversification
SMTH
Total weight of top 15 holdings out of 15
45.38%
BILS
Total weight of top 15 holdings out of 15
75.05%
Top 15 holdings
Data as of August 31, 2026
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%
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 SMTH and BILS
How have the SMTH and BILS ETFs performed in 2026?
As of October 16, 2026, SMTH is down -1.61% 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: SMTH or BILS?
Year-to-date, the SMTH ETF saw +$1.42B in flows, compared to +$44M for BILS.
Which ETF is more volatile: SMTH or BILS?
Over the past year, SMTH had a volatility of 3.67%, while BILS experienced 0.18%.
Which ETF is bigger: SMTH or BILS?
As of October 16, 2026, SMTH holds $3.63 B in assets under management (AUM), while BILS manages $3.90 B.
What sectors do the SMTH and BILS ETFs invest in?
SMTH leans toward sectors like Sovereign, Finance and Industrials. Meanwhile, BILS focuses on Sovereign.
What are the top holdings of the SMTH ETF and BILS ETF?
SMTH top holdings include USA, Notes 3.375% 29feb2028, USD (AY-2028), USA, Notes 4.375% 15may2036, USD (C-2036) and USA, Notes 4% 31may2028, USD (BC-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: SMTH or BILS?
SMTH holds 925 securities with 45.38% 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 SMTH & BILS
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