- Issuer
- Global X
- Inception Date
- Jun 20, 2023
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive 1-3 month US T-Bill Index - USD
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $3B
Share Price Chart
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Performance
CLIP Performance Chart
Global X 1-3 Month T-Bill ETF (CLIP) is up 1.7% since the beginning of the year. CLIP is currently trading at $100 per share.
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Returns By Period
Global X 1-3 Month T-Bill ETF (CLIP) has returned 1.71% so far this year and 3.97% over the past 12 months.
Global X 1-3 Month T-Bill ETF
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.71%
- 6M
- 1.82%
- 1Y
- 3.97%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CLIP Monthly Returns History
Based on dividend-adjusted daily data since Jun 21, 2023, CLIP's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.
Historically, 100% of months were positive and 0% were negative. The best month was May 2024 with a return of +0.5%, while the worst month was Jun 2023 at 0.2%. The longest winning streak lasted 37 consecutive months, and the longest losing streak was 0 months.
On a daily basis, CLIP closed higher 72% of trading days. The best single day was May 15, 2024 with a return of +0.2%, while the worst single day was Oct 11, 2023 at -0.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.29% | 0.28% | 0.29% | 0.30% | 0.31% | 0.22% | 1.71% | ||||||
| 2025 | 0.35% | 0.34% | 0.36% | 0.30% | 0.38% | 0.35% | 0.33% | 0.38% | 0.34% | 0.36% | 0.31% | 0.34% | 4.23% |
| 2024 | 0.44% | 0.45% | 0.40% | 0.44% | 0.48% | 0.39% | 0.46% | 0.45% | 0.44% | 0.37% | 0.41% | 0.40% | 5.26% |
| 2023 | 0.18% | 0.39% | 0.46% | 0.43% | 0.40% | 0.48% | 0.45% | 2.82% |
Benchmark Metrics
Global X 1-3 Month T-Bill ETF has an annualized alpha of 4.73%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 21, 2023.
- This ETF captured 8.72% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -16.84%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.73%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 8.72%
- Downside Capture
- -16.84%
Expense Ratio
CLIP has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
CLIP ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X 1-3 Month T-Bill ETF (CLIP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CLIP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +15.95 | ||
| Sortino ratioReturn per unit of downside risk | +78.52 | ||
| Omega ratioGain probability vs. loss probability | 26.48 | 1.37 | +25.11 |
| Calmar ratioReturn relative to maximum drawdown | 142.41 | 2.78 | +139.63 |
| Martin ratioReturn relative to average drawdown | 1,288.03 | 12.44 | +1,275.59 |
Dividends
Dividend History
Global X 1-3 Month T-Bill ETF provided a 3.90% dividend yield over the last twelve months, with an annual payout of $3.91 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $3.91 | $4.15 | $5.12 | $2.75 |
Dividend yield | 3.90% | 4.14% | 5.11% | 2.75% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X 1-3 Month T-Bill ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.31 | $0.30 | $0.31 | $0.30 | $0.30 | $1.53 | ||||||
| 2025 | $0.00 | $0.36 | $0.35 | $0.35 | $0.35 | $0.35 | $0.35 | $0.35 | $0.36 | $0.35 | $0.34 | $0.64 | $4.15 |
| 2024 | $0.00 | $0.45 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.42 | $0.40 | $0.76 | $5.12 |
| 2023 | $0.05 | $0.44 | $0.49 | $0.43 | $0.45 | $0.89 | $2.75 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X 1-3 Month T-Bill ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X 1-3 Month T-Bill ETF was 0.08%, occurring on Oct 11, 2023. Recovery took 2 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -0.08%Oct 2023 | 0s | 2d | 2dOct 2023 - Oct 2023 |
2024 pullback2024 | -0.08%Apr 2024 | 0s | 4d | 4dApr 2024 - Apr 2024 |
2024 pullback2024 | -0.08%Apr 2024 | 0s | 4d | 4dApr 2024 - Apr 2024 |
2023 pullback2023 | -0.08%Dec 2023 | 0s | 2d | 2dDec 2023 - Dec 2023 |
2024 pullback2024 | -0.08%May 2024 | 0s | 5d | 5dMay 2024 - May 2024 |
Drawdown Indicators
| CLIP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -56.78% | +56.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -9.10% | +9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -0.08% | -18.90% | +18.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -10.71% | +10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.03% | -2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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