Snapshot*
Top 10 Holdings
What is CLIP?
The Global X 1-3 Month T-Bill ETF (CLIP) invests in a basket of Treasury bills issued by the U.S. government that have a remaining maturity of at least 1 month but less than 3 months. CLIP will primarily invest in Treasury bills, making it an attractive option for investors seeking to potentially minimize credit and interest rate risks. CLIP seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive 1-3 month US T-Bill Index.
ETFs related toCLIP
ETFs correlated to CLIP include TBLL, CLOI, GBIL
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Automated Strategies
Related toCLIP
Diversification at its Best
Opus-12
Create your own algorithmic trading strategy with CLIP using Composer
News Related to CLIP
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Feb 3, 2025 • by Surbhi Jain
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Jan 22, 2025 • by Benzinga NewsdeskReported Earlier, Barnes Group Shareholders Approve $47.50 Per Share Acquisition by Apollo Global Management
Jan 10, 2025 • by Benzinga NewsdeskMag 7's AI Boom Will Supercharge Natural Gas Sector As Power Demands Become Insatiable: Analyst
Dec 5, 2024 • by Surbhi Jain
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.