Vanguard 0-3 Month Treasury Bill ETF

Vanguard 0-3 Month Treasury Bill ETF

About

Vanguard 0-3 Month Treasury Bill ETF (US9220408457) is a US-listed bond ETF tracking the Bloomberg US Treasury Bills 0-3 Months. With a expense ratio of 0.06%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 26 positions across 1 region with 8.4B in assets, with heavy concentration — 100% in United States, 100% in cash & equivalents.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Overall 6.6 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 9.3 Tracking Difference: 9.0 · TD Consistency: — · Expense Ratio: 10.0
Diversification (45%) 3.0 Holding Count: 1.3 · Country Concentration: 4.8 · Sector Concentration: 1.0
Liquidity (25%) 10.0 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker VBIL
ISIN
Fund Size $8.4B
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Feb 2025
Base Currency USD
Index Bloomberg US Treasury Bills 0-3 Months
Asset Class Bonds
Category Us Bond

Costs

9.3
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.06%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.00%
3 Months +0.00%
6 Months +0.00%
1 Year +0.00%
3 Years
5 Years
10 Years
YTD +0.00%
Since Inception +0.01%

Holdings

1.3
With only 26 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
United States Treasury Bill
6.38%
#2
United States Treasury Bill
5.71%
#3
United States Treasury Bill
5.55%
#4
United States Treasury Bill
5.48%
#5
United States Treasury Bill
5.47%
#6
United States Treasury Bill
5.32%
#7
United States Treasury Bill
5.30%
#8
United States Treasury Bill
5.23%
#9
United States Treasury Bill
5.16%
#10
United States Treasury Bill
5.14%
View all holdings (26)
# Holding Ticker Weight
1 United States Treasury Bill 638.00%
2 United States Treasury Bill 571.00%
3 United States Treasury Bill 555.00%
4 United States Treasury Bill 548.00%
5 United States Treasury Bill 547.00%
6 United States Treasury Bill 532.00%
7 United States Treasury Bill 530.00%
8 United States Treasury Bill 523.00%
9 United States Treasury Bill 516.00%
10 United States Treasury Bill 514.00%
11 United States Treasury Bill 447.00%
12 United States Treasury Bill 445.00%
13 United States Treasury Bill 351.00%
14 United States Treasury Bill 350.00%
15 United States Treasury Bill 347.00%
16 United States Treasury Bill 344.00%
17 United States Treasury Bill 340.00%
18 United States Treasury Bill 336.00%
19 United States Treasury Bill 330.00%
20 United States Treasury Bill 306.00%
21 United States Treasury Bill 297.00%
22 United States Treasury Bill 133.00%
23 United States Treasury Bill 128.00%
24 United States Treasury Bill 126.00%
25 United States Treasury Bill 125.00%
26 United States Treasury Bill 119.00%

Sectors

1.0
This fund is concentrated in just a few of its 2 sectors, reducing diversification.
 
Sector Weight
Cash & Equivalents 9998.00%
Unknown 2.00%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
United States 9998.00%
UNKNOWN 2.00%
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