Correlation
The correlation between CLIP and BND is -0.00. 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.
CLIP vs. BND
Compare and contrast key facts about Global X 1-3 Month T-Bill ETF (CLIP) and Vanguard Total Bond Market ETF (BND).
CLIP and BND are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007. Both CLIP and BND are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLIP or BND.
Performance
CLIP vs. BND - Performance Comparison
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Key characteristics
CLIP:
12.14
BND:
0.88
CLIP:
32.57
BND:
1.16
CLIP:
7.55
BND:
1.14
CLIP:
87.85
BND:
0.34
CLIP:
504.49
BND:
2.01
CLIP:
0.01%
BND:
2.11%
CLIP:
0.40%
BND:
5.33%
CLIP:
-0.08%
BND:
-18.84%
CLIP:
0.00%
BND:
-7.83%
Returns By Period
The year-to-date returns for both investments are quite close, with CLIP having a 1.65% return and BND slightly higher at 1.68%.
CLIP
1.65%
0.30%
2.15%
4.82%
N/A
N/A
N/A
BND
1.68%
-1.03%
0.43%
4.55%
1.26%
-1.10%
1.40%
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CLIP vs. BND - Expense Ratio Comparison
CLIP has a 0.07% expense ratio, which is higher than BND's 0.03% 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%.
Risk-Adjusted Performance
CLIP vs. BND — Risk-Adjusted Performance Rank
CLIP
BND
CLIP vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Month T-Bill ETF (CLIP) and Vanguard Total Bond Market ETF (BND). 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.
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Dividends
CLIP vs. BND - Dividend Comparison
CLIP's dividend yield for the trailing twelve months is around 4.73%, more than BND's 3.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIP Global X 1-3 Month T-Bill ETF | 4.73% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BND Vanguard Total Bond Market ETF | 3.77% | 3.67% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% |
Drawdowns
CLIP vs. BND - Drawdown Comparison
The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for CLIP and BND.
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Volatility
CLIP vs. BND - Volatility Comparison
The current volatility for Global X 1-3 Month T-Bill ETF (CLIP) is 0.12%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.45%. This indicates that CLIP experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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