Dividend comparison
TBIL vs FDLXX: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for F/m US Treasury 3 Month Bill Fund and Fidelity Treasury Only Money Markey Fund, side by side. Updated October 21, 2026.
TBIL vs FDLXX: key differences
The short answer, from the latest data on this page.
- Income. TBIL pays more income, yielding 3.63% over the last twelve months versus 3.38% for FDLXX. That is about $25 more a year on $10,000. TBIL pays monthly, FDLXX pays annual.
- Risk. Their worst declines over the last 5 years were similar: -0.6% for TBIL and 0.0% for FDLXX from peak to trough.
- Dividend growth. FDLXX grew its yearly payout 327.9% a year over the last 2 years, versus -9.8% for TBIL.
Bottom line: TBIL fits better if you care most about more income today. FDLXX fits better if you care most about faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | TBIL F/m US Treasury 3 Month Bill Fund | FDLXX Fidelity Treasury Only Money Markey Fund |
|---|---|---|
| Dividend yield (TTM) | 3.63% | 3.38% |
| Dividend / share (TTM) | $1.81 | $0.03 |
| Payout frequency | Monthly | Annual |
| Last dividend | $0.1566 on Sep 29, 2026 | $0.0028 on Oct 1, 2026 |
| Ex-dividend date | Sep 28, 2026 | Sep 30, 2026 |
| Dividend growth (CAGR) | -9.8% over 2 yrs | 327.9% over 4 yrs |
| Price | $49.95 | $1.00 |
| Beta | -0.00 | 0.00 |
| Max drawdown (5Y) | -0.6% | 0.0% |
| Market cap | $7.62B | — |
| Exchange | NASDAQ | NASDAQ |
| Expense ratio | 0.15% | — |
| Assets under management | $7.62B | — |
| Number of holdings | 6 | — |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
TBIL
$30.28/mo
$363 /yr at 3.63% yield
FDLXX
$28.16/mo
$338 /yr at 3.38% yield
Dividend history
Total dividends paid per share in each calendar year. TBIL pays monthly; FDLXX pays annual.
| Year | TBIL | FDLXX |
|---|---|---|
| 2025 | $2.0277 | $0.0389 |
| 2024 | $2.5054 | $0.0486 |
| 2023 | $2.4938 | $0.0443 |
| 2022 | — | $0.0095 |
| 2021 | — | $0.0001 |
Strategy: Cash equivalent
Funds holding short-dated US government paper, where the objective is that the principal is there when you need it. Yield follows short-term interest rates with a short lag rather than being locked in, so income falls when the central bank cuts and rises when it hikes. Because the underlying holdings are nearly identical across providers, the expense ratio comes almost directly out of what you receive.
There is no growth here by design, and purchasing power erodes whenever the after-tax yield sits below inflation.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 22, 2026 would now be worth $9,998 in TBIL and $10,000 in FDLXX.
| Period | TBIL | FDLXX |
|---|---|---|
| 1 month | 0.00% | 0.00% |
| 3 months | -0.02% | 0.00% |
| Year to date | 0.14% | — |
| 1 year | 0.32% | — |
| 3 years | 10.14% | — |
| 5 years | — | — |
- TBIL
- FDLXX
Both series indexed to 100 on 2026-06-22 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- TBIL
- FDLXX
Quick verdict
TBIL fits better if you care most about more income today. FDLXX fits better if you care most about faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how TBIL vs FDLXX fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is TBIL or FDLXX better for dividend income?
It depends on your goals. TBIL currently yields 3.63% Trailing Twelve Months (TTM) while FDLXX yields 3.38%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between TBIL and FDLXX?
F/m US Treasury 3 Month Bill Fund (TBIL) is an ETF listed on NASDAQ. Fidelity Treasury Only Money Markey Fund (FDLXX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is riskier, TBIL or FDLXX?
Measured by the worst peak-to-trough decline over the last five years, TBIL has been riskier: TBIL fell as much as 0.6% and FDLXX as much as 0.0%. Their betas are -0.00 and 0.00.
How often do TBIL and FDLXX pay dividends?
TBIL pays monthly and FDLXX pays annual.
How much income does $10,000 in TBIL vs FDLXX generate?
At current TTM yields, $10,000 in TBIL would generate roughly $30.28 per month ($363 annually). The same amount in FDLXX would produce about $28.16 per month ($338 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both TBIL and FDLXX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare TBIL vs FDLXX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how TBIL and FDLXX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.