BIL vs SHV: Dividend Yield, Total Return & Fees Compared

This page compares State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) with iShares Trust iShares 0-1 Year Treasury Bond ETF (SHV) using prices and distributions through November 9, 2026. The numbers update automatically after each trading session.

With dividends reinvested, BIL has led over the last 12 months at +3.68% versus +3.63% for SHV. BIL currently yields 3.67% (trailing 12-month) against 3.65% for SHV. Across five years the total-return gap is +20.22% for BIL vs +19.65% for SHV.

BIL leads on both current yield and 1-year total return. Yields and returns move with markets, so check the longer periods below before drawing conclusions.

Across 1,265 shared trading dates from October 26, 2021 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -0.05% for BIL and -0.36% for SHV. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.

BIL's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.2431 to $0.3654 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

SHV's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.2991 to $0.3858 per share across 12 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.

Check each fund's maturity, credit exposure and interest-rate sensitivity in its issuer documents. Compare those differences with fees and the historical record instead of treating all bond or cash-oriented funds as interchangeable.

Review State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) payment history and iShares Trust iShares 0-1 Year Treasury Bond ETF (SHV) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.

For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.