CDP vs. CLIP

Last updated Apr 1, 2026

Compare and contrast key facts about COPT Defense Properties (CDP) and Global X 1-3 Month T-Bill ETF (CLIP).

CLIP is a passively managed fund by Global X that tracks the performance of the Solactive 1-3 month US T-Bill Index - USD. It was launched on Jun 20, 2023.

Performance

CDP vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in COPT Defense Properties (CDP) and Global X 1-3 Month T-Bill ETF (CLIP). The values are adjusted to include any dividend payments, if applicable.

CDP vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDP COPT Defense Properties	11.22%	-6.17%	26.17%	11.38%
CLIP Global X 1-3 Month T-Bill ETF	0.86%	4.23%	5.26%	2.82%

Returns By Period

In the year-to-date period, CDP achieves a 11.22% return, which is significantly higher than CLIP's 0.86% return.

CDP

• 1D: -0.03%
• 1M: -2.71%
• YTD: 11.22%
• 6M: 7.56%
• 1Y: 17.12%
• 3Y*: 13.82%
• 5Y*: 6.91%
• 10Y*: 5.89%

CLIP

• 1D: 0.01%
• 1M: 0.29%
• YTD: 0.86%
• 6M: 1.89%
• 1Y: 4.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

CDP vs. CLIP — Risk / Return Rank

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

CDP

CDP Risk / Return Rank: 69
CDP Sharpe Ratio Rank: 71
CDP Sortino Ratio Rank: 65
CDP Omega Ratio Rank: 61
CDP Calmar Ratio Rank: 74
CDP Martin Ratio Rank: 74

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.

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.

	CDP	CLIP	Difference
Sharpe ratio Return per unit of total volatility	0.89	13.56	-12.67
Sortino ratio Return per unit of downside risk	1.39	40.64	-39.26
Omega ratio Gain probability vs. loss probability	1.16	11.02	-9.86
Calmar ratio Return relative to maximum drawdown	1.71	74.34	-72.63
Martin ratio Return relative to average drawdown	4.29	595.00	-590.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDP vs. CLIP - Sharpe Ratio Comparison

The current CDP Sharpe Ratio is 0.89, which is lower than the CLIP Sharpe Ratio of 13.56. The chart below compares the historical Sharpe Ratios of CDP and CLIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDP	CLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	13.56	-12.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	10.60	-10.35

Correlation

The correlation between CDP and CLIP is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

CDP vs. CLIP - Dividend Comparison

CDP's dividend yield for the trailing twelve months is around 4.04%, which matches CLIP's 4.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CDP COPT Defense Properties	4.04%	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	4.03%	4.14%	5.11%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	CDP	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-59.36%	-0.08%	-59.28%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-0.05%	-10.66%
Max Drawdown (5Y) Largest decline over 5 years	-23.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.67%	—	—
Current Drawdown Current decline from peak	-5.27%	0.00%	-5.27%
Average Drawdown Average peak-to-trough decline	-19.98%	0.00%	-19.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	0.01%	+4.25%

Volatility

CDP vs. CLIP - Volatility Comparison

COPT Defense Properties (CDP) has a higher volatility of 4.24% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.05%. 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.

Volatility by Period

	CDP	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	0.05%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	0.15%	+12.74%
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	0.30%	+19.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.19%	0.45%	+22.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.29%	0.45%	+25.84%