TBIL vs VTI
F/m US Treasury 3 Month Bill ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | TBIL | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $7.2B | $663.5B | |
| Dividend Yield | 4.12% | 1.07% | |
| Holdings | 4 | 3,543 | |
| YTD Return | +2.17% | +14.22% | |
| 1Y Return | +3.82% | +22.19% | |
| 3Y Return (annualized) | +4.55% | +21.27% | |
| 5Y Return (annualized) | - | +12.23% | |
| Volatility (annualized) | 0.3% | 15.3% | |
| Max Drawdown | -0.1% | -56.6% | |
| Fund Family | US Benchmark Series | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 8, 2022 | May 24, 2001 |
TBIL vs VTI Performance
F/m US Treasury 3 Month Bill ETF (TBIL) is a ETF from US Benchmark Series and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year TBIL returned +3.82% while VTI returned +22.19%. Year to date, TBIL is up 2.17% versus a gain of 14.22% for VTI.
Over three years, TBIL compounded at +4.55% per year against +21.27% for VTI. Across the full 4-year window we track, VTI has the edge at +8.14% annualized vs +4.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 0.3% for TBIL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.1% for TBIL and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.05. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TBIL charges 0.15% per year while VTI charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, TBIL currently yields 4.12% against 1.07% for VTI.
Holdings Overlap
TBIL and VTI share 0 holdings out of 2784 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TBIL or VTI?
TBIL has an expense ratio of 0.15% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, TBIL or VTI?
Over the past year TBIL returned +3.82% vs +22.19% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), TBIL annualized +4.50% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, TBIL or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 0.3% for TBIL. Worst drawdown: TBIL -0.1% vs VTI -56.6%.
Should I hold both TBIL and VTI?
TBIL and VTI have a monthly-return correlation of -0.05, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TBIL and VTI?
TBIL and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2784 unique securities.
Which pays a higher dividend, TBIL or VTI?
TBIL yields 4.12% while VTI yields 1.07%, so TBIL currently pays the higher dividend yield.
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