BIL vs CLIP: Yield, Cost and Returns Compared
As of Nov 5, 2026, CLIP yields more: 3.72% (current yield) against 3.66% for BIL. CLIP is cheaper to own at 0.07% a year vs 0.14%. Over the same 3 years (Jun 2023 to Oct 2026), CLIP returned 4.6% a year with distributions reinvested, and BIL 4.5%.
BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF3.66%current yield| Compared | BIL | CLIP |
|---|---|---|
| YieldCurrent yield | 3.66% | 3.72% |
| Expense ratio | 0.14% | 0.07% |
| Total return, 1 yr | +3.7% | +3.8% |
| Total return, 3 yr (a year) | +4.4% | +4.5% |
| Total return, 5 yr (a year) | +3.7% | — |
| Total return, 10 yr (a year) | +2.3% | — |
| Worst drop since Jun 2023 | 0.0% | 0.0% |
| Share price since Jun 2023 | −0% | +0% |
| Pays | Monthly | Monthly |
| Issuer | State Street Investment Management | Global X |
| Assets | $48.5B | $2.4B |
| Started | 2007 | 2023 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
CLIP
3.72%
Lower cost
CLIP
0.07%
Better total return
CLIP
4.6%/yr
Smaller worst drop
BIL
0.0%
Key facts: BIL vs CLIP
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, BIL yields 3.66% (current yield) and CLIP yields 3.72% (current yield).
- BIL's expense ratio is 0.14% and CLIP's is 0.07%: $14 vs $7 a year on $10,000.
- From Jun 2023 to Oct 2026, $10,000 in BIL grew to $11,584 (4.5% a year) and $10,000 in CLIP to $11,607 (4.6% a year), distributions reinvested.
- Their worst month-end drops over that time: 0.0% for BIL and 0.0% for CLIP.
Cite this page
SmarterDividends, "BIL vs CLIP: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bil-vs-clip
$10,000 in each, Jun 2023 to Oct 2026
Distributions reinvested, month-end values.
BIL became
$11,584
4.5% a year
CLIP became
$11,607
4.6% a year
Year by year
| Year | BIL | CLIP |
|---|---|---|
| 2025 | +4.1% | +4.2% |
| 2024 | +5.2% | +5.3% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- BIL · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
- CLIP · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
General information, not tax advice. Every cash fund by yield →
BIL vs CLIP: questions
Is BIL or CLIP better?
It depends on the job. CLIP pays more today (3.72% vs 3.66%), CLIP costs less, and CLIP has the better total return over Jun 2023 to Oct 2026, with BIL holding up better in its worst stretch. For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, BIL or CLIP?
CLIP, at 3.72% against 3.66% for BIL as of Nov 5, 2026. On $10,000 that's about $372 vs $366 a year at today's rates.
Which has the better total return?
CLIP. From Jun 2023 to Oct 2026, it returned 4.6% a year with distributions reinvested, against 4.5% for BIL. $10,000 became $11,607 vs $11,584.
Which is cheaper, BIL or CLIP?
CLIP, with a 0.07% expense ratio against 0.14%.
How are BIL and CLIP taxed?
BIL: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). CLIP: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). General information, not tax advice.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. CLIP leads on 4 of 4 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.