BIL vs FLOT
State Street SPDR Bloomberg 1-3 Month T-Bill ETF compared with iShares Floating Rate Bond ETF on yield, payout growth, payment schedule, cost and risk.
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
TTM yield · Monthly
FLOT
iShares Floating Rate Bond ETF
TTM yield · Monthly
Quick take
- FLOT yields more today: 4.34% vs 3.72% (forward).
- BIL has grown its payout faster: 308.2%/yr vs 55.7%/yr over the last 5 years.
- Both pay every month.
- Over the last year FLOT delivered the higher total return: +4.1% vs +3.4% (price change plus payouts).
- BIL is cheaper to own: 0.14% vs 0.15% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | BIL | FLOT |
|---|---|---|
| Share price | $91.46 | $50.92 |
| TTM yield | 3.72% | 4.34% |
| Forward yield | 3.72% | 4.34% |
| Annual payout per share | $3.401 | $2.211 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.14% | 0.15% |
| 1-year payout growth | -14.1% | -14.4% |
| 5-year payout CAGR | +308.2% | +55.7% |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 90/100 | 93/100 |
| 1-year total return | +3.4% | +4.1% |
| 1-year price return | -0.3% | -0.3% |
| Size (market cap / AUM) | 46.8B | 10.7B |
| Years paying | 19.2 | 15.1 |
| Sector / category | Ultrashort Bond | Ultrashort Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| BIL | FLOT | |
|---|---|---|
| Shares | 109.3 | 196.4 |
| Income per year | $372 | $434 |
| Income per month (avg) | $31 | $36 |
At forward yields, before taxes. Model BIL · Model FLOT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| BIL Oct 1, 2026 | Oct 15, 2026 | $0.2834 | Est. |
| BIL Oct 31, 2026 | Nov 14, 2026 | $0.2834 | Est. |
| BIL Nov 30, 2026 | Dec 14, 2026 | $0.2834 | Est. |
| FLOT Oct 1, 2026 | Oct 15, 2026 | $0.1842 | Est. |
| FLOT Oct 31, 2026 | Nov 14, 2026 | $0.1842 | Est. |
| FLOT Nov 30, 2026 | Dec 14, 2026 | $0.1842 | Est. |
Annual payouts per share
BILFLOT
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, BIL or FLOT?
FLOT currently has the higher trailing yield: BIL yields 3.72% and FLOT yields 4.34%. Yield changes daily with price, so check the live figures above.
How often do BIL and FLOT pay?
BIL pays every month and FLOT pays every month. BIL's next ex-date is Oct 1, 2026 and FLOT's is Oct 1, 2026.
Which has grown its dividend faster, BIL or FLOT?
BIL has grown its payout faster: 308.2%/yr vs 55.7%/yr over the last 5 years.
Is BIL or FLOT better for income?
It depends on what you are optimising for. BIL and FLOT differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.