BIL vs GBIL: Yield, Cost and Returns Compared
As of Nov 5, 2026, BIL yields more: 3.66% (current yield) against 3.59% for GBIL. GBIL is cheaper to own at 0.12% a year vs 0.14%. Over the same 10 years (Sep 2016 to Oct 2026), GBIL returned 2.4% a year with distributions reinvested, and BIL 2.3%.
BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF3.66%current yield| Compared | BIL | GBIL |
|---|---|---|
| YieldCurrent yield | 3.66% | 3.59% |
| Expense ratio | 0.14% | 0.12% |
| Total return, 1 yr | +3.7% | +3.6% |
| Total return, 3 yr (a year) | +4.4% | +4.4% |
| Total return, 5 yr (a year) | +3.7% | +3.6% |
| Total return, 10 yr (a year) | +2.3% | +2.4% |
| Worst drop since Sep 2016 | -0.2% | -0.4% |
| Share price since Sep 2016 | +0% | +0% |
| Pays | Monthly | Monthly |
| Issuer | State Street Investment Management | Goldman Sachs |
| Assets | $48.5B | $7.9B |
| Started | 2007 | 2016 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
BIL
3.66%
Lower cost
GBIL
0.12%
Better total return
GBIL
2.4%/yr
Smaller worst drop
BIL
-0.2%
Key facts: BIL vs GBIL
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, BIL yields 3.66% (current yield) and GBIL yields 3.59% (current yield).
- BIL's expense ratio is 0.14% and GBIL's is 0.12%: $14 vs $12 a year on $10,000.
- From Sep 2016 to Oct 2026, $10,000 in BIL grew to $12,592 (2.3% a year) and $10,000 in GBIL to $12,640 (2.4% a year), distributions reinvested.
- Their worst month-end drops over that time: -0.2% for BIL and -0.4% for GBIL.
Cite this page
SmarterDividends, "BIL vs GBIL: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bil-vs-gbil
$10,000 in each, Sep 2016 to Oct 2026
Distributions reinvested, month-end values.
BIL became
$12,592
2.3% a year
GBIL became
$12,640
2.4% a year
Year by year
| Year | BIL | GBIL |
|---|---|---|
| 2025 | +4.1% | +4.1% |
| 2024 | +5.2% | +5.2% |
| 2023 | +4.9% | +4.9% |
| 2022 | +1.4% | +1.1% |
| 2021 | −0.1% | −0.1% |
| 2020 | +0.4% | +0.8% |
| 2019 | +2.0% | +2.3% |
| 2018 | +1.7% | +1.8% |
| 2017 | +0.7% | +0.7% |
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).
- GBIL · 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 GBIL: questions
Is BIL or GBIL better?
It depends on the job. BIL pays more today (3.66% vs 3.59%), GBIL costs less, and GBIL has the better total return over Sep 2016 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 GBIL?
BIL, at 3.66% against 3.59% for GBIL as of Nov 5, 2026. On $10,000 that's about $366 vs $359 a year at today's rates.
Which has the better total return?
GBIL. From Sep 2016 to Oct 2026, it returned 2.4% a year with distributions reinvested, against 2.3% for BIL. $10,000 became $12,640 vs $12,592.
Which is cheaper, BIL or GBIL?
GBIL, with a 0.12% expense ratio against 0.14%.
How are BIL and GBIL taxed?
BIL: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). GBIL: 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. BIL leads on 4 of 7 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.