AXTI vs. CLIP
AXTI (AXT, Inc.) is a stock, while CLIP (Global X 1-3 Month T-Bill ETF) is Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. Over the past 3 years, AXTI returned 149.33%/yr vs 4.64%/yr for CLIP. At a correlation of -0.01, they often move in opposite directions.
Performance
AXTI vs. CLIP - Performance Comparison
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Returns By Period
In the year-to-date period, AXTI achieves a 178.72% return, which is significantly higher than CLIP's 1.94% return.
AXTI
- 1D
- -14.69%
- 1M
- -51.02%
- 6M
- 77.18%
- YTD
- 178.72%
- 1Y
- 1,806.69%
- 3Y*
- 149.33%
- 5Y*
- 37.21%
- 10Y*
- 29.75%
CLIP
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.82%
- YTD
- 1.94%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
AXTI vs. CLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AXTI AXT, Inc. | 178.72% | 653.46% | -9.58% | -28.99% |
CLIP Global X 1-3 Month T-Bill ETF | 1.94% | 4.23% | 5.26% | 2.82% |
Correlation
The correlation between AXTI and CLIP is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | -0.01 |
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Return for Risk
AXTI vs. CLIP — Risk / Return Rank
AXTI
CLIP
AXTI vs. CLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXT, Inc. (AXTI) and Global X 1-3 Month T-Bill ETF (CLIP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AXTI | CLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.11 | ||
| Sortino ratioReturn per unit of downside risk | -90.43 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 29.37 | -27.80 |
| Calmar ratioReturn relative to maximum drawdown | 27.04 | 196.07 | -169.02 |
| Martin ratioReturn relative to average drawdown | 89.79 | 1,495.40 | -1,405.61 |
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Drawdowns
AXTI vs. CLIP - Drawdown Comparison
The maximum AXTI drawdown since its inception was -98.57%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for AXTI and CLIP.
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Drawdown Indicators
| AXTI | CLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.57% | -0.08% | -98.49% |
Max Drawdown (1Y)Largest decline over 1 year | -67.64% | -0.02% | -67.62% |
Max Drawdown (3Y)Largest decline over 3 years | -78.52% | -0.08% | -78.44% |
Max Drawdown (5Y)Largest decline over 5 years | -88.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.45% | — | — |
Current DrawdownCurrent decline from peak | -67.64% | 0.00% | -67.64% |
Average DrawdownAverage peak-to-trough decline | -82.17% | -0.00% | -82.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.33% | 0.00% | +20.33% |
Volatility
AXTI vs. CLIP - Volatility Comparison
AXT, Inc. (AXTI) has a higher volatility of 42.83% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.08%. This indicates that AXTI's price experiences larger fluctuations and is considered to be riskier than CLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXTI | CLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 42.83% | 0.08% | +42.75% |
Volatility (6M)Calculated over the trailing 6-month period | 117.86% | 0.15% | +117.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.18% | 0.22% | +142.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.21% | 0.44% | +97.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.90% | 0.44% | +83.46% |
Dividends
AXTI vs. CLIP - Dividend Comparison
AXTI has not paid dividends to shareholders, while CLIP's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AXTI AXT, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
CLIP Global X 1-3 Month T-Bill ETF | 3.85% | 4.14% | 5.11% | 2.75% |
Frequently Asked Questions
AXTI and CLIP have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (42.83%) compared to CLIP (0.08%). In terms of maximum drawdown, AXTI dropped -98.57% vs CLIP's -0.08%.
CLIP currently has the higher Sharpe Ratio (17.89 vs 12.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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