BIL vs XHLF: Yield, Cost and Returns Compared
As of Nov 5, 2026, XHLF yields more: 3.75% (current yield) against 3.66% for BIL. XHLF is cheaper to own at 0.03% a year vs 0.14%. Over the same 4 years (Sep 2022 to Oct 2026), BIL returned 4.4% a year with distributions reinvested, and XHLF 4.4%.
BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF3.66%current yield| Compared | BIL | XHLF |
|---|---|---|
| YieldCurrent yield | 3.66% | 3.75% |
| Expense ratio | 0.14% | 0.03% |
| 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% | — |
| Total return, 10 yr (a year) | +2.3% | — |
| Worst drop since Sep 2022 | 0.0% | 0.0% |
| Share price since Sep 2022 | +0% | +0% |
| Pays | Monthly | Monthly |
| Issuer | State Street Investment Management | BondBloxx Investment Management |
| Assets | $48.5B | $2.0B |
| Started | 2007 | 2022 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
XHLF
3.75%
Lower cost
XHLF
0.03%
Better total return
BIL
4.4%/yr
Smaller worst drop
BIL
0.0%
Key facts: BIL vs XHLF
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, BIL yields 3.66% (current yield) and XHLF yields 3.75% (current yield).
- BIL's expense ratio is 0.14% and XHLF's is 0.03%: $14 vs $3 a year on $10,000.
- From Sep 2022 to Oct 2026, $10,000 in BIL grew to $11,943 (4.4% a year) and $10,000 in XHLF to $11,910 (4.4% a year), distributions reinvested.
- Their worst month-end drops over that time: 0.0% for BIL and 0.0% for XHLF.
Cite this page
SmarterDividends, "BIL vs XHLF: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bil-vs-xhlf
$10,000 in each, Sep 2022 to Oct 2026
Distributions reinvested, month-end values.
BIL became
$11,943
4.4% a year
XHLF became
$11,910
4.4% a year
Year by year
| Year | BIL | XHLF |
|---|---|---|
| 2025 | +4.1% | +4.2% |
| 2024 | +5.2% | +5.0% |
| 2023 | +4.9% | +4.9% |
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).
- XHLF · 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 XHLF: questions
Is BIL or XHLF better?
It depends on the job. XHLF pays more today (3.75% vs 3.66%), XHLF costs less, and BIL has the better total return over Sep 2022 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 XHLF?
XHLF, at 3.75% against 3.66% for BIL as of Nov 5, 2026. On $10,000 that's about $375 vs $366 a year at today's rates.
Which has the better total return?
BIL. From Sep 2022 to Oct 2026, it returned 4.4% a year with distributions reinvested, against 4.4% for XHLF. $10,000 became $11,943 vs $11,910.
Which is cheaper, BIL or XHLF?
XHLF, with a 0.03% expense ratio against 0.14%.
How are BIL and XHLF taxed?
BIL: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). XHLF: 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. For information only, not investment advice. Last fund data: Nov 5, 2026.