BIL vs TBIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF compared with F/m US Treasury 3 Month Bill Fund - ETF Class Shares on yield, payout growth, payment schedule, cost and risk.
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
TTM yield · Monthly
TBIL
F/m US Treasury 3 Month Bill Fund - ETF Class Shares
TTM yield · Monthly
Quick take
- BIL yields more today: 3.72% vs 3.65% (forward).
- Both pay every month.
- Over the last year TBIL delivered the higher total return: +3.4% vs +3.4% (price change plus payouts).
- BIL is cheaper to own: 0.14% vs 0.15% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | BIL | TBIL |
|---|---|---|
| Share price | $91.46 | $49.91 |
| TTM yield | 3.72% | 3.65% |
| Forward yield | 3.72% | 3.65% |
| Annual payout per share | $3.401 | $1.822 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Sep 26, 2026 (est.) |
| Expense ratio | 0.14% | 0.15% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 90/100 | 97/100 |
| 1-year total return | +3.4% | +3.4% |
| 1-year price return | -0.3% | -0.2% |
| Size (market cap / AUM) | 46.8B | 7.2B |
| Years paying | 19.2 | 3.9 |
| 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 | TBIL | |
|---|---|---|
| Shares | 109.3 | 200.4 |
| Income per year | $372 | $365 |
| Income per month (avg) | $31 | $30 |
At forward yields, before taxes. Model BIL · Model TBIL
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| BIL Oct 1, 2026 | Oct 15, 2026 | $0.2834 | Est. |
| BIL Oct 31, 2026 | Nov 14, 2026 | $0.2834 | Est. |
| BIL Nov 30, 2026 | Dec 14, 2026 | $0.2834 | Est. |
| TBIL Sep 26, 2026 | Sep 27, 2026 | $0.1518 | Est. |
| TBIL Oct 26, 2026 | Oct 27, 2026 | $0.1518 | Est. |
| TBIL Nov 25, 2026 | Nov 26, 2026 | $0.1518 | Est. |
Annual payouts per share
BILTBIL
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 TBIL?
BIL currently has the higher trailing yield: BIL yields 3.72% and TBIL yields 3.65%. Yield changes daily with price, so check the live figures above.
How often do BIL and TBIL pay?
BIL pays every month and TBIL pays every month. BIL's next ex-date is Oct 1, 2026 and TBIL's is Sep 26, 2026.
Is BIL or TBIL better for income?
It depends on what you are optimising for. BIL and TBIL 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.