Us Treasury 3 Month Bill ETF (TBIL) Performance
TBIL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.0% since Dec 31, 2025
- 1 year
- +3.7% total return
- 3 years
- +4.5% a year
- Since first price
- +4.5% a year since 2022
TBIL trailing returns vs SPY, QQQ, AGG
| Period | TBIL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +1.0% | +0.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.9% | +0.0% | +7.8% | +8.4% | −1.5% |
| YTD | +3.0% | +0.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.7% | +0.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +14.2%+4.5%/yr | −0.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionAug 9, 2022 | +20.4%+4.5%/yr | +0.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TBIL vs SPY
From Aug 9, 2022: TBIL grew to $12,039, SPY to $19,539.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TBIL returns by calendar year
3 of 3 full years positive. Best 2024 (+5.4%), worst 2025 (+4.2%). 2026 is year to date.
TBIL annual returns table
| Year | TBIL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.0% | −0.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +4.2% | −0.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.4% | −0.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +5.1% | −0.0% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TBIL risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +4.5% | +4.6% |
| Volatility (annualized) | 0.3% | 0.3% |
| Sharpe ratio | 0.71 | 1.03 |
| Sortino ratio | 1.95 | 2.95 |
| Best month | +0.6% | +0.6% |
| Worst month | +0.2% | +0.2% |
| Best 12 months | +5.6% | +5.6% |
| Worst 12 months | +3.7% | +3.7% |
| Positive months | 100% | 100% |
| Beta vs S&P 500 | 0.00 | — |
| Correlation with S&P 500 | 0.07 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TBIL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 39 | +3.6% | +4.7% | +5.6% | 100% |
| 3-year (a year) | 15 | +4.5% | +4.8% | +4.9% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
TBIL performance overview
Us Treasury 3 Month Bill ETF (TBIL) returned +3.7% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +4.5% a year, turning $10,000 into about $12,039. Over the same year S&P 500 (SPY) returned +14.4%.
Related: TBIL chart, TBIL dividends. See the TBIL overview for the latest quote and fund facts.
TBIL performance FAQ
What is the TBIL return over the past year?
TBIL returned +3.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.0%.
How much would $10,000 invested in TBIL be worth?
$10,000 invested in TBIL at its first recorded close on August 9, 2022 would be worth about $12,039 on October 23, 2026 with distributions reinvested.
What was the worst year for TBIL?
The worst calendar year was 2025, with a total return of +4.2%. The best was 2024 at +5.4%.
How volatile is TBIL?
Over the past 3 years TBIL had an annualized volatility of 0.3% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).