Dividend comparison
TBIL vs GBIL: 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 Goldman Sachs Access Treasury 0-1 Year ETF, side by side. Updated October 21, 2026.
TBIL vs GBIL: key differences
The short answer, from the latest data on this page.
- Fees. GBIL is cheaper at 0.14% a year versus 0.15% for TBIL. On $10,000 that is $1 a year less in fees.
- Income. Their trailing yields are almost the same: 3.63% for TBIL and 3.60% for GBIL. Both pay monthly.
- Performance. Over the last 3 years, GBIL returned 10.5% versus 10.1% for TBIL, with dividends reinvested. $10,000 would have grown to $11,052 in GBIL and $11,014 in TBIL.
- Risk. Their worst declines over the last 3 years were similar: -0.6% for TBIL and -0.8% for GBIL from peak to trough.
- Diversification. GBIL holds 42 positions and TBIL holds 6.
- Dividend growth. GBIL grew its yearly payout 56.7% a year over the last 2 years, versus -9.8% for TBIL.
Bottom line: GBIL has the edge on these figures, with faster dividend growth and broader diversification. TBIL does not lead on any of the measures compared here.
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 | GBIL Goldman Sachs Access Treasury 0-1 Year ETF |
|---|---|---|
| Dividend yield (TTM) | 3.63% | 3.60% |
| Dividend / share (TTM) | $1.81 | $3.60 |
| Payout frequency | Monthly | Monthly |
| Last dividend | $0.1566 on Sep 29, 2026 | $0.2990 on Oct 7, 2026 |
| Ex-dividend date | Sep 28, 2026 | Oct 1, 2026 |
| Dividend growth (CAGR) | -9.8% over 2 yrs | 56.7% over 3 yrs |
| Price | $49.95 | $100.03 |
| Beta | -0.00 | 0.01 |
| Max drawdown (5Y) | -0.6% | -0.8% |
| Market cap | $7.62B | $7.92B |
| Exchange | NASDAQ | AMEX |
| Expense ratio | 0.15% | 0.14% |
| Assets under management | $7.62B | $7.91B |
| Number of holdings | 6 | 42 |
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
GBIL
$29.99/mo
$360 /yr at 3.60% yield
Dividend history
Total dividends paid per share in each calendar year. TBIL pays monthly; GBIL pays monthly.
| Year | TBIL | GBIL |
|---|---|---|
| 2025 | $2.0277 | $4.0789 |
| 2024 | $2.5054 | $4.9952 |
| 2023 | $2.4938 | $4.6010 |
| 2022 | — | $1.0593 |
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 Aug 9, 2022 would now be worth $11,603 in TBIL and $11,590 in GBIL.
| Period | TBIL | GBIL |
|---|---|---|
| 1 month | 0.00% | 0.02% |
| 3 months | -0.02% | -0.02% |
| Year to date | 0.14% | 0.09% |
| 1 year | 0.32% | 0.55% |
| 3 years | 10.14% | 10.52% |
| 5 years | — | 15.84% |
- TBIL
- GBIL
Both series indexed to 100 on 2022-08-09 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
- GBIL
Quick verdict
GBIL has the edge on these figures, with faster dividend growth and broader diversification. TBIL does not lead on any of the measures compared here. 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 GBIL fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is TBIL or GBIL better for dividend income?
It depends on your goals. TBIL currently yields 3.63% Trailing Twelve Months (TTM) while GBIL yields 3.60%. 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 GBIL?
F/m US Treasury 3 Month Bill Fund (TBIL) is an ETF listed on NASDAQ. Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, TBIL or GBIL?
GBIL has the lower expense ratio. TBIL charges 0.15% a year and GBIL charges 0.14%, a difference of $1 a year on a $10,000 investment.
Which has performed better, TBIL or GBIL?
Over the last 3 years, GBIL has the higher total return with dividends reinvested: TBIL returned 10.1% and GBIL returned 10.5%. Past performance does not predict future returns.
Which is riskier, TBIL or GBIL?
Measured by the worst peak-to-trough decline over the last five years, GBIL has been riskier: TBIL fell as much as 0.6% and GBIL as much as 0.8%. Their betas are -0.00 and 0.01.
How often do TBIL and GBIL pay dividends?
Both pay monthly. The most recent payments were $0.1566 for TBIL and $0.2990 for GBIL.
How much income does $10,000 in TBIL vs GBIL generate?
At current TTM yields, $10,000 in TBIL would generate roughly $30.28 per month ($363 annually). The same amount in GBIL would produce about $29.99 per month ($360 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both TBIL and GBIL?
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 GBIL with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how TBIL and GBIL 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.