ETF Comparison
BIL vs SGOV: Which Is the Better Pick in 2026?
A head-to-head comparison of SPDR Bloomberg 1-3 Month T-Bill ETF and iShares 0-3 Month Treasury Bond ETF covering yield, cost, risk, and income potential.
Data updated April 5, 2026
Side-by-side snapshot
| BIL | SGOV | |
|---|---|---|
| Full name | SPDR Bloomberg 1-3 Month T-Bill ETF | iShares 0-3 Month Treasury Bond ETF |
| Issuer | State Street | BlackRock |
| Price | $91.40 | $100.39 |
| Distribution yield | 4.06% | 4.04% |
| Expense ratio | 0.14% | 0.09% |
| AUM | $43.3B | $75.0B |
| Distribution frequency | Monthly | Monthly |
| Underlying index | Bloomberg 1-3 Month U.S. Treasury Bill Index | ICE 0-3 Month US Treasury Securities Index |
| Objective | Seeks to provide investment results that correspond to the price and yield performance of the Bloomberg 1-3 Month U.S. Treasury Bill Index. Provides pure short-term Treasury exposure with minimal credit risk. | Treasury Bond |
| Asset class | Fixed Income | Equity |
| Inception date | 05/25/2007 | 05/26/2020 |
| Beta | 0.0 | 0.0 |
| Last dividend | $0.26 | $0.29 |
| Ex-dividend date | 04/01/2026 | 04/01/2026 |
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both popular monthly-pay seeks to provide investment results that correspond to the price and yield performance of the bloomberg 1-3 month u.s. treasury bill index. provides pure short-term treasury exposure with minimal credit risk. ETFs, but they take different approaches.
BIL offers the higher yield at 4.06% vs 4.04% for SGOV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SGOV is cheaper with an expense ratio of 0.09% compared to 0.14%.
They track different benchmarks: BIL is linked to Bloomberg 1-3 Month U.S. Treasury Bill Index while SGOV tracks ICE 0-3 Month US Treasury Securities Index, which means their performance drivers differ.
SGOV is the larger fund by assets ($75.0B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, BIL would generate roughly $33.83/month while SGOV would produce $33.67/month at current distribution rates. Both pay monthly distributions.
Cost & efficiency
Over 10 years on $10,000, BIL would cost approximately $140 in fees vs $90 for SGOV (simplified, not compounded). The $50.00 difference may be offset by yield or performance.
Strategy & risk
BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index with a seeks to provide investment results that correspond to the price and yield performance of the bloomberg 1-3 month u.s. treasury bill index. provides pure short-term treasury exposure with minimal credit risk. approach, while SGOV tracks ICE 0-3 Month US Treasury Securities Index using a treasury bond strategy. Beta is 0.0 for BIL and 0.0 for SGOV, indicating SGOV is less volatile relative to the market.
Fund details
BIL is managed by State Street (launched 05/25/2007) with $43.3B in assets. SGOV is managed by BlackRock (launched 05/26/2020) with $75.0B in assets.
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
Frequently asked questions
Is BIL or SGOV better for dividend income?
It depends on your goals. BIL currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between BIL and SGOV?
BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) tracks Bloomberg 1-3 Month U.S. Treasury Bill Index with a seeks to provide investment results that correspond to the price and yield performance of the bloomberg 1-3 month u.s. treasury bill index. provides pure short-term treasury exposure with minimal credit risk. strategy, while SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach. They are issued by State Street and BlackRock respectively.
Can I hold both BIL and SGOV?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, BIL or SGOV?
BIL has an expense ratio of 0.14% while SGOV charges 0.09%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in BIL vs SGOV generate?
At current yields, $10,000 in BIL would generate roughly $33.83 per month ($406.00 annually). The same in SGOV would produce about $33.67 per month ($404.00 annually).
More comparisons to explore
People also compare BIL with
People also compare SGOV with
Popular comparisons
Go deeper
Use the full ETF Comparator to add more funds, view radar charts, and generate AI reports.