Global X 1-3 Month T-Bill ETF (CLIP)
CLIP is a passive ETF by Global X tracking the investment results of the Solactive 1-3 month US T-Bill Index - USD. CLIP launched on Jun 20, 2023 and has a 0.07% expense ratio.
ETF Info
| Issuer | Global X |
|---|---|
| Inception Date | Jun 20, 2023 |
| Category | Ultrashort Bond |
| Leveraged | 1x |
| Index Tracked | Solactive 1-3 month US T-Bill Index - USD |
| Asset Class | Bond |
Expense Ratio
CLIP has an expense ratio of 0.07%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: CLIP vs. SGOV, CLIP vs. BIL, CLIP vs. SPY, CLIP vs. USFR, CLIP vs. BILS, CLIP vs. XBIL, CLIP vs. VTEB, CLIP vs. TBLL, CLIP vs. TBIL, CLIP vs. BND
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X 1-3 Month T-Bill ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X 1-3 Month T-Bill ETF had a return of 4.55% year-to-date (YTD) and 5.32% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.55% | 25.82% |
| 1 month | 0.35% | 3.20% |
| 6 months | 2.55% | 14.94% |
| 1 year | 5.32% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of CLIP, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | 0.45% | 0.40% | 0.44% | 0.48% | 0.39% | 0.46% | 0.45% | 0.44% | 0.37% | 4.55% | ||
| 2023 | 23,339,475.00% | 0.39% | 0.46% | 0.43% | 0.40% | 0.48% | 0.45% | 23,955,100.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CLIP is 99, placing it in the top 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X 1-3 Month T-Bill ETF (CLIP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X 1-3 Month T-Bill ETF provided a 5.24% dividend yield over the last twelve months, with an annual payout of $5.25 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $5.25 | $2.75 |
Dividend yield | 5.24% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.45 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.42 | $0.40 | $4.36 | |
| 2023 | $0.05 | $0.44 | $0.49 | $0.44 | $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.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.08% | Oct 11, 2023 | 1 | Oct 11, 2023 | 2 | Oct 13, 2023 | 3 |
| -0.08% | Apr 12, 2024 | 1 | Apr 12, 2024 | 2 | Apr 16, 2024 | 3 |
| -0.08% | Apr 19, 2024 | 1 | Apr 19, 2024 | 1 | Apr 22, 2024 | 2 |
| -0.08% | Dec 19, 2023 | 1 | Dec 19, 2023 | 2 | Dec 21, 2023 | 3 |
| -0.08% | May 16, 2024 | 1 | May 16, 2024 | 3 | May 21, 2024 | 4 |
Volatility
Volatility Chart
The current Global X 1-3 Month T-Bill ETF volatility is 0.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.