BIL vs FTSM
State Street SPDR Bloomberg 1-3 Month T-Bill ETF compared with First Trust Enhanced Short Maturity ETF on yield, payout growth, payment schedule, cost and risk.
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
TTM yield · Monthly
FTSM
First Trust Enhanced Short Maturity ETF
TTM yield · Monthly
Quick take
- FTSM yields more today: 4.09% vs 3.66% (forward).
- Both pay every month.
- Over the last year FTSM delivered the higher total return: +3.6% vs +3.5% (price change plus payouts).
- BIL is cheaper to own: 0.14% vs 0.29% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | BIL | FTSM |
|---|---|---|
| Share price | $91.63 | $59.65 |
| TTM yield | 3.66% | 4.09% |
| Forward yield | 3.66% | 4.09% |
| Annual payout per share | $3.353 | $2.438 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 30, 2026 (est.) |
| Expense ratio | 0.14% | 0.29% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 90/100 | 98/100 |
| 1-year total return | +3.5% | +3.6% |
| 1-year price return | -0.1% | -0.4% |
| Size (market cap / AUM) | 49.8B | 6.6B |
| Years paying | 19.3 | 12.2 |
| Sector / category | Ultrashort Bond | Ultrashort Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| BIL | FTSM | |
|---|---|---|
| Shares | 109.1 | 167.6 |
| Income per year | $366 | $409 |
| Income per month (avg) | $30 | $34 |
At forward yields, before taxes. Model BIL · Model FTSM
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| BIL Oct 31, 2026 | Nov 14, 2026 | $0.2794 | Est. |
| BIL Nov 30, 2026 | Dec 14, 2026 | $0.2794 | Est. |
| BIL Dec 30, 2026 | Jan 13, 2027 | $0.2794 | Est. |
| FTSM Oct 30, 2026 | Nov 3, 2026 | $0.2032 | Est. |
| FTSM Nov 29, 2026 | Dec 3, 2026 | $0.2032 | Est. |
| FTSM Dec 29, 2026 | Jan 2, 2027 | $0.2032 | Est. |
Annual payouts per share
BILFTSM
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, BIL or FTSM?
FTSM currently has the higher trailing yield: BIL yields 3.66% and FTSM yields 4.09%. Yield changes daily with price, so check the live figures above.
How often do BIL and FTSM pay?
BIL pays every month and FTSM pays every month. BIL's next ex-date is Oct 31, 2026 and FTSM's is Oct 30, 2026.
Is BIL or FTSM better for income?
It depends on what you are optimising for. BIL and FTSM differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.