CDP vs. CLIP
CDP (COPT Defense Properties) 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, CDP returned 18.93%/yr vs 4.64%/yr for CLIP. At a correlation of -0.00, they often move in opposite directions.
Performance
CDP vs. CLIP - Performance Comparison
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Returns By Period
In the year-to-date period, CDP achieves a 22.45% return, which is significantly higher than CLIP's 1.71% return.
CDP
- 1D
- 0.51%
- 1M
- 4.86%
- YTD
- 22.45%
- 6M
- 21.82%
- 1Y
- 23.25%
- 3Y*
- 18.93%
- 5Y*
- 8.22%
- 10Y*
- 6.08%
CLIP
- 1D
- 0.03%
- 1M
- 0.29%
- YTD
- 1.71%
- 6M
- 1.82%
- 1Y
- 3.97%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
CDP vs. CLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CDP COPT Defense Properties | 22.45% | -6.17% | 26.17% | 11.15% |
CLIP Global X 1-3 Month T-Bill ETF | 1.71% | 4.23% | 5.26% | 2.82% |
Correlation
The correlation between CDP and CLIP is 0.10, 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 | 0.10 |
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 | -0.00 |
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Return for Risk
CDP vs. CLIP — Risk / Return Rank
CDP
CLIP
CDP vs. CLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COPT Defense Properties (CDP) 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.
| CDP | CLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.68 | ||
| Sortino ratioReturn per unit of downside risk | -79.29 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 26.48 | -25.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 142.41 | -140.23 |
| Martin ratioReturn relative to average drawdown | 5.78 | 1,288.03 | -1,282.24 |
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Drawdowns
CDP vs. CLIP - Drawdown Comparison
The maximum CDP drawdown since its inception was -59.36%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for CDP and CLIP.
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Drawdown Indicators
| CDP | CLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.36% | -0.08% | -59.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -0.03% | -10.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -0.08% | -23.58% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.67% | — | — |
Current DrawdownCurrent decline from peak | -2.46% | 0.00% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -0.00% | -19.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 0.00% | +4.03% |
Volatility
CDP vs. CLIP - Volatility Comparison
COPT Defense Properties (CDP) has a higher volatility of 6.58% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that CDP'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
| CDP | CLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 0.07% | +6.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 0.15% | +13.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 0.22% | +17.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 0.44% | +22.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.33% | 0.44% | +25.89% |
Dividends
CDP vs. CLIP - Dividend Comparison
CDP's dividend yield for the trailing twelve months is around 3.67%, less than CLIP's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDP COPT Defense Properties | 3.67% | 4.39% | 3.81% | 4.45% | 4.24% | 3.93% | 4.22% | 3.74% | 5.23% | 3.77% | 3.52% | 5.04% |
CLIP Global X 1-3 Month T-Bill ETF | 3.90% | 4.14% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CDP and CLIP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDP has higher volatility (6.58%) compared to CLIP (0.07%). In terms of maximum drawdown, CDP dropped -59.36% vs CLIP's -0.08%.
CLIP currently has the higher Sharpe Ratio (17.97 vs 1.29), 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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