USTB vs TBIL: Which ETF Is Better?
A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.
USTB comes out ahead on 6 of 8 measures. Which matters most depends on you.
The short answer
Worth about $2,092 on $100,000 over 20 years.
Bigger funds usually trade more cheaply and are less likely to close.
A tighter gap between the buy and sell price.
USTB vs TBIL side by side
| USTB leads on 6, TBIL on 2 | USTBGlobal X US Treasury Bond ETF (Currency Hedged) | TBILVanEck 1-3 Month US Treasury Bond ETF |
|---|---|---|
| The basics | ||
| Index tracked | See the PDS | Bloomberg US Treasury Bills 1-3 Months Index (AUD) Index |
| Fund manager | Global X | VanEck |
| Asset class | International bonds | International bonds |
| Listed | Jul 2022 | May 2023 |
| Cost and size | ||
| MERyearly fee, lower is better | 0.19%✓ | 0.22% |
| AUMfund size | $453m✓ | $110m |
| Net flows (Sep)new money in, last month | $2.6m✓ | $1.1m |
| Bid/ask spreadtrading cost, lower is better | 0.19% | 0.08%✓ |
| Total returns | ||
| 1 month | −1.7% | +2.9%✓ |
| 1 year | −1.5%✓ | −2.0% |
| 3 years p.a. | +2.6%✓ | +1.6% |
| 5 years p.a. | – | – |
| $10,000 invested | ||
| 1 year ago | $9,854✓ | $9,802 |
| 5 years ago | – | – |
✓ marks the better figure on each measure. Returns include distributions, to 30 September 2026.
USTB vs TBIL price chart
Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions · TradingView
What $10,000 invested is worth now
$10,000 put into USTB 3 years ago is worth $10,803 today, against $10,503 in TBIL. That is $300 more in USTB.
Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.
What the fees cost you
USTB's lower fee leaves about $2,092 more in your pocket over 20 years.
Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.
USTB and TBIL overlap
1 companies appear in both funds. Overlap is the share of the portfolio that is the same in both, counting the smaller weight of each shared company.
| Biggest shared holdings | % of USTB | % of TBIL |
|---|---|---|
| 100.00% | 100.00% |
Add more ETFs and see the overlap in Compare ETFs →
Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.
Get the full USTB vs TBIL report
- Every holding of each ETF: the top 50 companies, with sectors and countries
- Exactly which companies they share, and how much of each
- Fees in dollars over 10, 20 and 30 years
- Every metric side by side, including the index each tracks
- ★ FREE BONUSIs now a good time to invest? The Market Health-O-Meter
FAQs
Which is better, USTB or TBIL?
It depends on what you need. On our numbers USTB wins on 6 measures and TBIL on 2. USTB is cheaper, with a management fee of 0.19% vs 0.22%. On $100,000 over 20 years that difference is worth about $2,092. USTB is the larger fund at $453m vs $110m. USTB has the better 1-year return: −1.5% vs −2.0%.
Which is cheaper, USTB or TBIL?
USTB charges 0.19% a year and TBIL charges 0.22% a year.
Can I hold both USTB and TBIL?
You can, but check how much they overlap. USTB is a international bonds fund and TBIL is a international bonds fund.
More comparisons
General information only, not a recommendation. Past performance is not a reliable indicator of future performance.