Cash and T-bills ETFs in the rate regime
Treasury bills and money market ETFs. Driven by the rate the Federal Reserve sets.
60ETFs in this category
$393.6bnmoney in them
23.7%of the rate regime’s money
SGOVlargest unleveraged ETF, 29.7%
How they did, to Nov 2, 2026
| 1 month | YTD | 12 months | |
|---|---|---|---|
| Category median | +0.3% | +2.8% | +3.5% |
| Its story | +1.6% | +0.2% | +0.5% |
| Broad US ETFs | −2.5% | +11.5% | +11.8% |
Every ETF here, largest first
| # | ETF | Name | Assets | Share | 12 months | Fee |
|---|---|---|---|---|---|---|
| 1 | SGOV | iShares 0-3 Month Treasury Bond ETF | $116.8bn | 29.7% | +3.4% | 0.09% |
| 2 | BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | $48.5bn | 12.3% | +3.3% | 0.14% |
| 3 | JPST | JPMorgan Ultra-Short Income ETF | $42.5bn | 10.8% | +3.2% | 0.18% |
| 4 | USFR | WisdomTree Floating Rate Treasury Fund | $21.3bn | 5.4% | +4.1% | 0.15% |
| 5 | PULS | PGIM Ultra Short Bond ETF | $19.7bn | 5.0% | +4.1% | 0.15% |
| 6 | MINT | PIMCO Enhanced Short Maturity Active ETF | $18.3bn | 4.7% | +3.9% | 0.36% |
| 7 | BOXX | Alpha Architect 1-3 Month Box ETF | $14.4bn | 3.7% | +4.1% | 0.19% |
| 8 | VBIL | Vanguard 0-3 Month Treasury Bill ETF | $14.3bn | 3.6% | +3.4% | 0.06% |
| 9 | FLOT | iShares Floating Rate Bond ETF | $11.7bn | 3.0% | +3.9% | 0.15% |
| 10 | VUSB | Vanguard Ultra-Short Bond ETF | $9.9bn | 2.5% | +3.3% | 0.10% |
| 11 | ICSH | iShares Ultra Short Duration Bond Active ETF | $9.0bn | 2.3% | +3.3% | 0.08% |
| 12 | TBIL | US Treasury 3 Month Bill ETF | $7.5bn | 1.9% | +3.7% | 0.15% |
| 13 | TFLO | iShares Treasury Floating Rate Bond ETF | $7.3bn | 1.9% | +3.6% | 0.15% |
| 14 | FTSM | First Trust Enhanced Short Maturity ETF | $6.8bn | 1.7% | +3.6% | 0.29% |
| 15 | SBIL | Simplify US Government Money Market ETF | $4.1bn | 1.0% | +3.7% | 0.15% |
| 16 | GSY | Invesco Ultra Short Duration ETF | $4.0bn | 1.0% | +3.9% | 0.22% |
| 17 | BILS | SPDR Bloomberg 3-12 Month T-Bill ETF | $4.0bn | 1.0% | +3.3% | 0.14% |
| 18 | VNLA | Janus Henderson Short Duration Income ETF | $3.7bn | 0.9% | +3.7% | 0.23% |
| 19 | FLRN | SPDR Bloomberg Investment Grade Floating Rate ETF | $3.2bn | 0.8% | +3.8% | 0.15% |
| 20 | CGSD | Capital Group Short Duration Income ETF | $2.9bn | 0.7% | +1.9% | 0.25% |
| 21 | CLIP | Global X 1-3 Month T-Bill ETF | $2.4bn | 0.6% | +3.4% | 0.07% |
| 22 | XHLF | Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF | $2.0bn | 0.5% | +3.3% | 0.03% |
| 23 | TBUX | T. Rowe Price Ultra Short-Term Bond ETF | $2.0bn | 0.5% | +4.1% | 0.17% |
| 24 | NBSD | Neuberger Short Duration Income ETF | $1.8bn | 0.4% | +2.6% | 0.35% |
| 25 | GSST | Goldman Sachs Ultra Short Bond ETF | $1.8bn | 0.4% | +3.6% | 0.16% |
| 26 | RAVI | Northern Trust Ultra-Short Fixed Income ETF | $1.6bn | 0.4% | +3.5% | 0.25% |
| 27 | YEAR | AB Ultra Short Income ETF | $1.6bn | 0.4% | +2.8% | 0.25% |
| 28 | VGUS | Vanguard Ultra-Short Treasury ETF | $1.2bn | 0.3% | +3.3% | 0.07% |
| 29 | SGVT | Schwab Government Money Market ETF | $1.1bn | 0.3% | +3.2% | 0.28% |
| 30 | BILZ | PIMCO Ultra Short Government Active Exchange-Traded Fund | $953m | 0.2% | +3.3% | 0.14% |
| 31 | TUSI | Touchstone Ultra Short Income ETF | $859m | 0.2% | +4.1% | 0.25% |
| 32 | XBIL | F/m US Treasury 6 Month Bill ETF | $792m | 0.2% | +3.7% | 0.15% |
| 33 | BKUI | BNY Mellon Ultra Short Income ETF | $790m | 0.2% | +3.3% | 0.12% |
| 34 | FLUD | Franklin Ultra Short Bond ETF | $642m | 0.2% | +3.3% | 0.15% |
| 35 | ULST | State Street Ultra Short Term Bond ETF | $516m | 0.1% | +2.9% | 0.20% |
| 36 | SOFR | Amplify Samsung SOFR ETF | $462m | 0.1% | +3.7% | 0.20% |
| 37 | SLWS | Wisdom Short Duration Income ETF | $399m | 0.1% | – | 0.42% |
| 38 | CGUI | Capital Group Ultra Short Income ETF | $382m | 0.1% | +3.4% | 0.18% |
| 39 | EVSB | Eaton Vance Ultra-Short Income ETF | $375m | 0.1% | +4.0% | 0.17% |
| 40 | OBIL | F/m US Treasury 12 Month Bill ETF | $337m | 0.1% | +3.4% | 0.15% |
| 41 | GCSH | Guggenheim Ultra Short Income ETF | $296m | 0.1% | – | 0.25% |
| 42 | CVSB | Calvert Ultra-Short Investment Grade ETF | $285m | 0.1% | +3.7% | 0.24% |
| 43 | TUSB | Thrivent Ultra Short Bond ETF | $275m | 0.1% | +4.2% | 0.20% |
| 44 | SDFI | AB Short Duration Income ETF | $192m | 0.0% | +1.8% | 0.30% |
| 45 | GMMF | iShares Government Money Market ETF | $191m | 0.0% | +3.6% | 0.20% |
| 46 | VUSI | Voya Ultra Short Income ETF | $142m | 0.0% | – | 0.25% |
| 47 | OPER | ClearShares Ultra-Short Maturity ETF | $113m | 0.0% | +3.8% | 0.20% |
| 48 | MMKT | Texas Capital Government Money Market ETF | $68m | 0.0% | +3.5% | 0.20% |
| 49 | BAMU | Brookstone Ultra-Short Bond ETF | $66m | 0.0% | +2.7% | 1.00% |
| 50 | RMME | Rareview Government Money Market ETF | $40m | 0.0% | – | 0.30% |
| 51 | MFSD | MFS Active Short Duration Income ETF | $32m | 0.0% | – | 0.25% |
| 52 | SCUB | Sterling Capital Ultra Short Bond ETF | $29m | 0.0% | – | 0.30% |
| 53 | CBIL | Corgi 3-12 Month T-Bill ETF | $25m | 0.0% | – | 0.05% |
| 54 | CGOV | Corgi 0-3 Month T-Bill ETF | $23m | 0.0% | – | 0.05% |
| 55 | SDUR | Aristotle Short Term Income ETF | $19m | 0.0% | – | 0.39% |
| 56 | LQID | Kurv Enhanced Short Maturity ETF | $13m | 0.0% | – | 0.35% |
| 57 | XCSH | XFUNDS 1-3 Month Box ETF | $12m | 0.0% | – | 0.18% |
| 58 | TLDR | The Laddered T-Bill ETF | $7m | 0.0% | – | 0.20% |
| 59 | LBOX | GraniteShares Short Term Box ETF | $3m | 0.0% | – | 0.13% |
| 60 | MMF | Corgi Money Market ETF | $1m | 0.0% | – | 0.10% |
Other categories in the rate regime
Common questions
Which ETFs are cash and T-bills ETFs?60 US ETFs sit in this category of the rate regime. Treasury bills and money market ETFs. Driven by the rate the Federal Reserve sets.
What is the largest cash and T-bills ETF?SGOV, iShares 0-3 Month Treasury Bond ETF, with $116.8bn, 29.7% of the category's money.
How have cash and T-bills ETFs performed?The median unleveraged ETF here returned +3.5% over the last 12 months to Nov 2, 2026, against +11.8% for broad US ETFs. Past performance, not a forecast.