CLIP — Global X 1-3 Month T-Bill ETF

CLIP Price Performance — Growth of $10,000

Value of a $10,000 investment in CLIP over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

CLIP Drawdown

The "underwater" chart: CLIP's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X 1-3 Month T-Bill ETF (CLIP) operates within the Ultra-Short / Cash category, where it is one of 9 funds tracked by ETFValuer. Issued by Global X Funds, the fund has accumulated $2.58 billion in assets under management while trading at a price of $100.32. It holds an overall rank of #352 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 53.2 out of 100. The fund charges an expense ratio of 0.07% and currently offers a dividend yield of 3.90%. The substantial asset size relative to its category suggests significant investor adoption despite its mid-tier ranking. This combination of low cost and high yield positions the fund as a notable option within its specific sector.

Over the most recent trading day, the fund posted a return of +0.01%, which extended to a weekly gain of +0.07%. Monthly performance accelerated to +0.28%, followed by a three-month return of +0.90%. The six-month return reached +1.81%, while year-to-date gains stood at +2.03%. A one-year return of +3.90% aligns with the current dividend yield, and the three-year annualized return is recorded at +14.45%. The data shows a consistent upward trajectory across all measured time horizons from one day to three years.

The fund carries a Very Low volatility label and has no reported beta value. Its Sharpe ratio is recorded at -4.97, indicating a risk-adjusted return profile that is negative relative to the risk-free rate over the measurement period. Despite the negative Sharpe ratio, the maximum drawdown has been limited to -0.08%. This combination of very low volatility and minimal drawdown suggests the fund has experienced negligible price declines even during periods of market stress. The absence of a beta figure prevents direct comparison to market movements, but the low volatility and drawdown metrics highlight a defensive behavior pattern.

AI-generated summary based on the data on this page.

CLIP Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 61.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how CLIP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With CLIP

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with CLIP's top 10 — SGOV overlaps most, holding 1 of the same companies as CLIP's top 10 (61.6% of CLIP's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

CLIP Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.34% and average daily volume is 341K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.58B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: CLIP is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

CLIP Performance History

How CLIP Compares to Other Ultra-Short / Cash ETFs