CLIP vs. ASMH

Last updated Aug 6, 2026

CLIP (Global X 1-3 Month T-Bill ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both exchange-traded funds - CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD, while ASMH is a Technology Equities fund tracking the ASML Holding NV Sponsored ADR. Both are passively managed. Over the past year, CLIP returned 3.84% vs 147.78% for ASMH. Their -0.17 correlation means they have often moved in opposite directions in the past. CLIP charges 0.07%/yr vs 0.19%/yr for ASMH.

Performance

CLIP vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X 1-3 Month T-Bill ETF (CLIP) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLIP achieves a 2.15% return, which is significantly lower than ASMH's 61.20% return.

CLIP

• 1D: 0.01%
• 1M: 0.31%
• 6M: 1.81%
• YTD: 2.15%
• 1Y: 3.84%
• 3Y*: 4.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.64%

ASMH

• 1D: -1.83%
• 1M: -8.02%
• 6M: 29.69%
• YTD: 61.20%
• 1Y: 147.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 108.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASMH ASML Holding NV ADR Hedged ETF	$129.75K	$234.38K	$301.43K
CLIP Global X 1-3 Month T-Bill ETF	$40.70M	$30.74M	$37.46M

CLIP vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
CLIP Global X 1-3 Month T-Bill ETF	2.15%	2.93%
ASMH ASML Holding NV ADR Hedged ETF	61.20%	59.22%

Correlation

The correlation between CLIP and ASMH is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.18
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.17

Return for Risk

CLIP vs. ASMH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

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

ASMH

ASMH Risk / Return Rank: 94
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 90
ASMH Calmar Ratio Rank: 96
ASMH Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CLIP vs. ASMH - 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 ASML Holding NV ADR Hedged ETF (ASMH). 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.

	CLIP	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	18.01	3.41	+14.60
Sortino ratio: Return per unit of downside risk	104.81	3.72	+101.09
Omega ratio: Gain probability vs. loss probability	35.28	1.46	+33.83
Calmar ratio: Return relative to maximum drawdown	193.09	6.91	+186.18
Martin ratio: Return relative to average drawdown	1,633.89	24.31	+1,609.58

CLIP vs. ASMH - Sharpe Ratio Comparison

The current CLIP Sharpe Ratio is 18.01, which is higher than the ASMH Sharpe Ratio of 3.41. The chart below compares the historical Sharpe Ratios of CLIP and ASMH, 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

CLIP vs. ASMH - Drawdown Comparison

The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum ASMH drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for CLIP and ASMH.

Drawdown Indicators

	CLIP	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-21.52%	+21.44%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-21.52%	+21.50%
Max Drawdown (3Y) Largest decline over 3 years	-0.08%	—	—
Current Drawdown Current decline from peak	0.00%	-15.85%	+15.85%
Average Drawdown Average peak-to-trough decline	0.00%	-4.85%	+4.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	6.10%	-6.10%

Volatility

CLIP vs. ASMH - Volatility Comparison

The current volatility for Global X 1-3 Month T-Bill ETF (CLIP) is 0.06%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 12.96%. This indicates that CLIP experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLIP	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	12.96%	-12.90%
Volatility (6M) Calculated over the trailing 6-month period	0.15%	34.86%	-34.71%
Volatility (1Y) Calculated over the trailing 1-year period	0.21%	43.67%	-43.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.43%	41.62%	-41.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.43%	41.62%	-41.19%

CLIP vs. ASMH - Expense Ratio Comparison

CLIP has a 0.07% expense ratio, which is lower than ASMH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CLIP vs. ASMH - Dividend Comparison

CLIP's dividend yield for the trailing twelve months is around 3.81%, more than ASMH's 1.90% yield.

Position	TTM	2025	2024	2023
ASMH ASML Holding NV ADR Hedged ETF	1.90%	0.19%	0.00%	0.00%
CLIP Global X 1-3 Month T-Bill ETF	3.81%	4.14%	5.11%	2.75%

Frequently Asked Questions

Can I hold both CLIP and ASMH in my portfolio?

CLIP and ASMH have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLIP or ASMH?

ASMH has higher volatility (12.96%) compared to CLIP (0.06%). In terms of maximum drawdown, CLIP dropped -0.08% vs ASMH's -21.52%.

Which ETF is better, CLIP or ASMH?

On 1-year performance, ASMH leads with 147.78% vs 3.84% 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.

Which ETF has performed better, CLIP or ASMH?

Over the 1-year period, ASMH has performed better with a 147.78% return vs 3.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CLIP or ASMH?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.19% for ASMH.

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

CLIP has the higher dividend yield at 3.81%, compared with 1.90% for ASMH.

What is the main difference between CLIP and ASMH?

CLIP is categorized as Ultrashort Bond, while ASMH is Technology Equities. CLIP tracks Solactive 1-3 month US T-Bill Index - USD, while ASMH tracks ASML Holding NV Sponsored ADR. They also come from different issuers: Global X and Precidian. Their fees differ too: 0.07% for CLIP and 0.19% for ASMH.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (18.01 vs 3.41), 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.