Skip to Content
ETFs

Global X 1-3 Month T-Bill ETF

CLIP
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 20, 2023
Expense Ratio
0.07%
Type
US Bonds
Fund Owner
Global X
Volume (1m avg. daily)
$1,728,190
AUM
$57,954,668
Associated Index
Solactive 1-3 month US T-Bill index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

B 0 11/24/23
B 11/24/23
9.26%
B 0 11/07/23
B 11/07/23
8.04%
B 0 10/26/23
B 10/26/23
7.59%
B 0 10/12/23
B 10/12/23
7.15%
B 0 11/30/23
B 11/30/23
7.09%
B 0 10/19/23
B 10/19/23
6.9%
B 0 10/31/23
B 10/31/23
5.07%
B 0 11/21/23
B 11/21/23
4.7%
—
B 10/17/23
4.36%
B 0 11/16/23
B 11/16/23
4.01%
Invest with CLIP
Trade CLIP Options

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.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

CLIP
Performance Measures**

for the time period Jun 21, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 0.3%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -0.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 0.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 10.15

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 61.52

The annualized return divided by the max drawdown for the selected time period.

ETFs related toCLIP

ETFs correlated to CLIP include TBLL, CLOI, GBIL

CLIP
Global X Funds - Global X 1-3 Month T-Bill ETF
TBLL
Invesco Capital Management LLC - Invesco Short Term Treasury ETF
CLOI
VanEck ETF Trust - VanEck CLO ETF
GBIL
Goldman Sachs ETF Trust - Goldman Sachs Access Treasury 0-1 Year ETF
SHV
BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF
IBDO
BlackRock Institutional Trust Company N.A. - iShares iBonds Dec 2023 Term Corporate ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
DRV
Direxion Shares ETF Trust - Direxion Daily Real Estate Bear -3X Shares
SRS
ProShares Trust - ProShares UltraShort Real Estate -2x Shares
USFR
WisdomTree Trust - WisdomTree Floating Rate Treasury Fund

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.

FAQ

CLIP is a US Bonds ETF. 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.

CLIP tracks the Solactive 1-3 month US T-Bill index.

No, CLIP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CLIP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CLIP is 0.0039%. This is the percent change in the value of CLIP over the most recent 1-month period. The 3-month return on CLIP is 0.0122%. This is the percent change in the value of CLIP over the most recent 3-month period.

ETFs similar to CLIP include SHY, BIL, and TLT.

ETFs correlated to CLIP include TBLL, CLOI, and GBIL.

ETFs that are inversely correlated to CLIP include EIDO, DVYE, and EWY.

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.