BIL vs JNK
State Street SPDR Bloomberg 1-3 Month T-Bill ETF vs State Street SPDR Bloomberg High Yield Bond ETF
Last updated: 2026-04-02
State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund issued by State Street that provides exposure to short-duration U.S. Treasury bonds with low interest rate risk. It charges a low expense ratio of 0.14%. The fund offers an attractive dividend yield of 3.95%. Launched in 2007, the fund has a 19-year track record.
State Street SPDR Bloomberg High Yield Bond ETF (JNK) is an exchange-traded fund issued by State Street that provides exposure to below-investment-grade U.S. corporate bonds offering higher yields. It charges an above-average expense ratio of 0.40%. The fund offers a high dividend yield of 6.66%. Launched in 2007, the fund has a 19-year track record.
Quick Verdict
BIL is significantly cheaper at 0.14% vs 0.40% expense ratio, saving you approximately $508 per $10,000 invested over 10 years. Both funds have delivered similar 1-year returns (-0.0% vs 0.6%), tracking closely. Income investors may prefer JNK for its higher yield (6.7% vs 4.0%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Which One Should You Choose?
Choose BIL if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose JNK if...
you prioritize dividend income and want higher regular distributions from your portfolio.