BUXX vs. CLIP

Last updated Jun 23, 2026

BUXX (Strive Enhanced Income Short Maturity ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both Ultrashort Bond funds. BUXX is actively managed, while CLIP is passively managed. Over the past year, BUXX returned 4.30% vs 3.97% for CLIP. At a 0.04 correlation, their price movements are largely independent. BUXX charges 0.26%/yr vs 0.07%/yr for CLIP.

Performance

BUXX vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Enhanced Income Short Maturity ETF (BUXX) and Global X 1-3 Month T-Bill ETF (CLIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUXX achieves a 1.81% return, which is significantly higher than CLIP's 1.71% return.

BUXX

• 1D: 0.05%
• 1M: 0.36%
• YTD: 1.81%
• 6M: 1.94%
• 1Y: 4.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLIP

• 1D: 0.03%
• 1M: 0.29%
• YTD: 1.71%
• 6M: 1.82%
• 1Y: 3.97%
• 3Y*: 4.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUXX vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	1.81%	4.84%	6.18%	2.86%
CLIP Global X 1-3 Month T-Bill ETF	1.71%	4.23%	5.26%	2.14%

Correlation

The correlation between BUXX and CLIP is 0.03, 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	0.03
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023	0.04

Return for Risk

BUXX vs. CLIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUXX

BUXX Risk / Return Rank: 97
BUXX Sharpe Ratio Rank: 95
BUXX Sortino Ratio Rank: 97
BUXX Omega Ratio Rank: 97
BUXX Calmar Ratio Rank: 98
BUXX Martin Ratio Rank: 98

CLIP

CLIP Risk / Return Rank: 100
CLIP Sharpe Ratio Rank: 100
CLIP Sortino Ratio Rank: 100
CLIP Omega Ratio Rank: 100
CLIP Calmar Ratio Rank: 100
CLIP Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUXX vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Enhanced Income Short Maturity ETF (BUXX) 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.

	BUXX	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	3.49	17.97	-14.48
Sortino ratio: Return per unit of downside risk	5.75	81.28	-75.53
Omega ratio: Gain probability vs. loss probability	1.84	26.48	-24.63
Calmar ratio: Return relative to maximum drawdown	14.68	142.41	-127.73
Martin ratio: Return relative to average drawdown	58.03	1,288.03	-1,230.00

BUXX vs. CLIP - Sharpe Ratio Comparison

The current BUXX Sharpe Ratio is 3.49, which is lower than the CLIP Sharpe Ratio of 17.97. The chart below compares the historical Sharpe Ratios of BUXX and CLIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUXX vs. CLIP - Drawdown Comparison

The maximum BUXX drawdown since its inception was -0.60%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for BUXX and CLIP.

Drawdown Indicators

	BUXX	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-0.60%	-0.08%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	-0.03%	-0.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.08%	—
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-0.05%	-0.00%	-0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	0.00%	+0.07%

Volatility

BUXX vs. CLIP - Volatility Comparison

Strive Enhanced Income Short Maturity ETF (BUXX) has a higher volatility of 0.42% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that BUXX'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.

Volatility by Period

	BUXX	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	0.07%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	0.79%	0.15%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	1.24%	0.22%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.46%	0.44%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.46%	0.44%	+1.02%

BUXX vs. CLIP - Expense Ratio Comparison

BUXX has a 0.26% expense ratio, which is higher than CLIP's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BUXX vs. CLIP - Dividend Comparison

BUXX's dividend yield for the trailing twelve months is around 4.72%, more than CLIP's 3.90% yield.

Position	TTM	2025	2024	2023
BUXX Strive Enhanced Income Short Maturity ETF	4.72%	4.95%	5.55%	1.92%
CLIP Global X 1-3 Month T-Bill ETF	3.90%	4.14%	5.11%	2.75%

Frequently Asked Questions

Can I hold both BUXX and CLIP in my portfolio?

BUXX and CLIP have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUXX or CLIP?

BUXX has higher volatility (0.42%) compared to CLIP (0.07%). In terms of maximum drawdown, BUXX dropped -0.60% vs CLIP's -0.08%.

Which ETF is better, BUXX or CLIP?

On 1-year performance, BUXX leads with 4.30% vs 3.97% for CLIP. On fees, CLIP is cheaper at 0.07% per year. On volatility, CLIP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUXX or CLIP?

Over the 1-year period, BUXX has performed better with a 4.30% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUXX or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.26% for BUXX.

Which ETF pays a higher dividend yield, BUXX or CLIP?

BUXX has the higher dividend yield at 4.72%, compared with 3.90% for CLIP.

What is the main difference between BUXX and CLIP?

They also come from different issuers: Strive and Global X. Their fees differ too: 0.26% for BUXX and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.97 vs 3.49), 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.