BIL vs SHV: Dividend Yield, Total Return & Fees Compared
State Street SPDR Bloomberg 1-3 Month T-Bill ETFiShares Trust iShares 0-1 Year Treasury Bond ETF
Data as of the close · refreshed automatically every trading day
BIL vs SHV at a glance
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 September 25, 2026. The numbers update automatically after each trading session.
With dividends reinvested, BIL has led over the last 12 months at +3.68% versus +3.61% for SHV. BIL currently yields 3.71% (trailing 12-month) against 3.69% for SHV. Across five years the total-return gap is +19.63% for BIL vs +19.03% 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.
| Metric | BIL | SHV |
|---|---|---|
| Last close | $91.62 | $110.27 |
| Dividend yield | 3.71% (TTM) | 3.69% (TTM) |
| Expense ratio | — | — |
| Pays | monthly | monthly |
| Dividends, last 12 months | $3.40 (12 payments) | $4.07 (12 payments) |
| Issuer | State Street | iShares |
| Inception | — | — |
Performance: BIL vs SHV
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Dividends
Latest payout, trailing 12-month total and the last 12 distributions.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| BIL | SHV | ||
|---|---|---|---|
| Sep 1, 2026 | $0.280 | Sep 1, 2026 | $0.338 |
| Aug 3, 2026 | $0.273 | Aug 3, 2026 | $0.340 |
| Jul 1, 2026 | $0.268 | Jul 1, 2026 | $0.319 |
| Jun 1, 2026 | $0.269 | Jun 1, 2026 | $0.331 |
| May 1, 2026 | $0.270 | May 1, 2026 | $0.328 |
| Apr 1, 2026 | $0.264 | Apr 1, 2026 | $0.324 |
| Mar 2, 2026 | $0.243 | Mar 2, 2026 | $0.304 |
| Feb 2, 2026 | $0.274 | Feb 2, 2026 | $0.342 |
| Dec 18, 2025 | $0.365 | Dec 19, 2025 | $0.357 |
| Dec 1, 2025 | $0.281 | Dec 1, 2025 | $0.352 |
| Nov 3, 2025 | $0.303 | Nov 3, 2025 | $0.371 |
| Oct 1, 2025 | $0.311 | Oct 1, 2025 | $0.367 |
BIL vs SHV: common questions
Which pays a higher dividend, BIL or SHV?
As of September 25, 2026, BIL yields 3.71% (trailing 12-month) and SHV yields 3.69% (trailing 12-month), so BIL currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, BIL or SHV?
Over the past year with dividends reinvested, BIL returned +3.68% and SHV returned +3.61%. Over five years, BIL returned +19.63% and SHV returned +19.03%. Past performance does not predict future results.
What would $10,000 in BIL vs SHV be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $10,368 in BIL and $10,361 in SHV.
How often do BIL and SHV pay dividends?
BIL pays monthly (12 payments in the last 12 months) and SHV pays monthly (12 payments).
Is BIL or SHV the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Related comparisons
More side-by-side comparisons with BIL and SHV.
Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.