CLIP vs. ORBX

Last updated Jun 24, 2026

CLIP (Global X 1-3 Month T-Bill ETF) and ORBX (Global X Space Tech ETF) are both exchange-traded funds - CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD, while ORBX is a Aerospace & Defense fund tracking the Global X Space Tech Index. Both are passively managed. At a correlation of -0.18, they often move in opposite directions. CLIP charges 0.07%/yr vs 0.50%/yr for ORBX.

Performance

CLIP vs. ORBX - 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 Global X Space Tech ETF (ORBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLIP

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.71%
• 6M: 1.80%
• 1Y: 3.95%
• 3Y*: 4.64%
• 5Y*: —
• 10Y*: —

ORBX

• 1D: -2.53%
• 1M: -27.90%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLIP vs. ORBX - Yearly Performance Comparison

	2026 (YTD)
CLIP Global X 1-3 Month T-Bill ETF	0.70%
ORBX Global X Space Tech ETF	-2.51%

Correlation

The correlation between CLIP and ORBX is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026	-0.18

Return for Risk

CLIP vs. ORBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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

ORBX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

CLIP vs. ORBX - 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 Space Tech ETF (ORBX). 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	ORBX	Difference
Sharpe ratio: Return per unit of total volatility	17.84	—	—
Sortino ratio: Return per unit of downside risk	80.86	—	—
Omega ratio: Gain probability vs. loss probability	26.35	—	—
Calmar ratio: Return relative to maximum drawdown	141.67	—	—
Martin ratio: Return relative to average drawdown	1,281.30	—	—

Drawdowns

CLIP vs. ORBX - Drawdown Comparison

The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum ORBX drawdown of -35.85%. Use the drawdown chart below to compare losses from any high point for CLIP and ORBX.

Drawdown Indicators

	CLIP	ORBX	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-35.85%	+35.77%
Max Drawdown (1Y) Largest decline over 1 year	-0.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.08%	—	—
Current Drawdown Current decline from peak	0.00%	-35.85%	+35.85%
Average Drawdown Average peak-to-trough decline	-0.00%	-11.09%	+11.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	CLIP	ORBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.22%	81.94%	-81.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.44%	81.94%	-81.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.44%	81.94%	-81.50%

CLIP vs. ORBX - Expense Ratio Comparison

CLIP has a 0.07% expense ratio, which is lower than ORBX's 0.50% expense ratio.

Dividends

CLIP vs. ORBX - Dividend Comparison

CLIP's dividend yield for the trailing twelve months is around 3.90%, while ORBX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CLIP Global X 1-3 Month T-Bill ETF	3.90%	4.14%	5.11%	2.75%
ORBX Global X Space Tech ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLIP and ORBX in my portfolio?

CLIP and ORBX 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 ETF is better, CLIP or ORBX?

On fees, CLIP is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLIP or ORBX?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.50% for ORBX.

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

CLIP has the higher dividend yield at 3.90%, compared with 0.00% for ORBX.

What is the main difference between CLIP and ORBX?

CLIP is categorized as Ultrashort Bond, while ORBX is Aerospace & Defense. CLIP tracks Solactive 1-3 month US T-Bill Index - USD, while ORBX tracks Global X Space Tech Index. Their fees differ too: 0.07% for CLIP and 0.50% for ORBX.