CLIP vs. AIQ
CLIP (Global X 1-3 Month T-Bill ETF) and AIQ (Global X Artificial Intelligence & Technology ETF) are both exchange-traded funds - CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD, while AIQ is a Technology Equities fund tracking the Indxx Artificial Intelligence & Big Data Index. Both are passively managed. Over the past year, CLIP returned 3.96% vs 69.19% for AIQ. At a 0.01 correlation, their price movements are largely independent. CLIP charges 0.07%/yr vs 0.68%/yr for AIQ.
Performance
CLIP vs. AIQ - Performance Comparison
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Returns By Period
In the year-to-date period, CLIP achieves a 1.50% return, which is significantly lower than AIQ's 35.98% return.
CLIP
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.50%
- 6M
- 1.82%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIQ
- 1D
- -1.40%
- 1M
- 21.10%
- YTD
- 35.98%
- 6M
- 36.15%
- 1Y
- 69.19%
- 3Y*
- 37.50%
- 5Y*
- 19.07%
- 10Y*
- —
CLIP vs. AIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLIP Global X 1-3 Month T-Bill ETF | 1.50% | 4.23% | 5.26% | 2.82% |
AIQ Global X Artificial Intelligence & Technology ETF | 35.98% | 31.89% | 24.11% | 13.12% |
Correlation
The correlation between CLIP and AIQ is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.01 |
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Return for Risk
CLIP vs. AIQ — Risk / Return Rank
CLIP
AIQ
CLIP vs. AIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Month T-Bill ETF (CLIP) and Global X Artificial Intelligence & Technology ETF (AIQ). 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.
| CLIP | AIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.24 | ||
| Sortino ratioReturn per unit of downside risk | +68.32 | ||
| Omega ratioGain probability vs. loss probability | 20.66 | 1.49 | +19.18 |
| Calmar ratioReturn relative to maximum drawdown | 142.22 | 4.22 | +138.00 |
| Martin ratioReturn relative to average drawdown | 1,151.15 | 14.59 | +1,136.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLIP | AIQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.26 | 3.02 | +14.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.71 | 0.84 | +9.87 |
Drawdowns
CLIP vs. AIQ - Drawdown Comparison
The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum AIQ drawdown of -44.66%. Use the drawdown chart below to compare losses from any high point for CLIP and AIQ.
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Drawdown Indicators
| CLIP | AIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -44.66% | +44.58% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -16.47% | +16.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.40% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -9.80% | +9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.76% | -4.76% |
Volatility
CLIP vs. AIQ - Volatility Comparison
The current volatility for Global X 1-3 Month T-Bill ETF (CLIP) is 0.06%, while Global X Artificial Intelligence & Technology ETF (AIQ) has a volatility of 8.60%. This indicates that CLIP experiences smaller price fluctuations and is considered to be less risky than AIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIP | AIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 8.60% | -8.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 18.46% | -18.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 23.04% | -22.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.44% | 25.33% | -24.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 25.50% | -25.06% |
CLIP vs. AIQ - Expense Ratio Comparison
CLIP has a 0.07% expense ratio, which is lower than AIQ's 0.68% expense ratio.
Dividends
CLIP vs. AIQ - Dividend Comparison
CLIP's dividend yield for the trailing twelve months is around 3.91%, more than AIQ's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
CLIP Global X 1-3 Month T-Bill ETF | 3.91% | 4.14% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLIP and AIQ have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIQ has higher volatility (8.60%) compared to CLIP (0.06%). In terms of maximum drawdown, CLIP dropped -0.08% vs AIQ's -44.66%.
On 1-year performance, AIQ leads with 69.19% vs 3.96% for CLIP. On fees, CLIP is cheaper at 0.07% per year. On volatility, CLIP has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIQ has performed better with a 69.19% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLIP is cheaper with a 0.07% expense ratio, compared with 0.68% for AIQ.
CLIP has the higher dividend yield at 3.91%, compared with 0.14% for AIQ.
CLIP is categorized as Ultrashort Bond, while AIQ is Technology Equities. CLIP tracks Solactive 1-3 month US T-Bill Index - USD, while AIQ tracks Indxx Artificial Intelligence & Big Data Index. Their fees differ too: 0.07% for CLIP and 0.68% for AIQ.
CLIP currently has the higher Sharpe Ratio (17.26 vs 3.02), 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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