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CLIP vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CLIP and SPY 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.


Performance

CLIP vs. SPY - 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 SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

CLIP:

12.20

SPY:

0.64

Sortino Ratio

CLIP:

34.31

SPY:

1.04

Omega Ratio

CLIP:

8.02

SPY:

1.15

Calmar Ratio

CLIP:

89.00

SPY:

0.69

Martin Ratio

CLIP:

511.05

SPY:

2.64

Ulcer Index

CLIP:

0.01%

SPY:

4.91%

Daily Std Dev

CLIP:

0.40%

SPY:

20.47%

Max Drawdown

CLIP:

-0.08%

SPY:

-55.19%

Current Drawdown

CLIP:

0.00%

SPY:

-3.26%

Returns By Period

In the year-to-date period, CLIP achieves a 1.67% return, which is significantly higher than SPY's 1.17% return.


CLIP

YTD

1.67%

1M

0.32%

6M

2.16%

1Y

4.84%

3Y*

N/A

5Y*

N/A

10Y*

N/A

SPY

YTD

1.17%

1M

7.36%

6M

-0.95%

1Y

13.08%

3Y*

14.15%

5Y*

15.98%

10Y*

12.78%

*Annualized

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Global X 1-3 Month T-Bill ETF

SPDR S&P 500 ETF

CLIP vs. SPY - Expense Ratio Comparison

CLIP has a 0.07% expense ratio, which is lower than SPY's 0.09% 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%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

CLIP vs. SPY — Risk-Adjusted Performance Rank

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

CLIP
The Risk-Adjusted Performance Rank of CLIP is 100100
Overall Rank
The Sharpe Ratio Rank of CLIP is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of CLIP is 100100
Sortino Ratio Rank
The Omega Ratio Rank of CLIP is 100100
Omega Ratio Rank
The Calmar Ratio Rank of CLIP is 100100
Calmar Ratio Rank
The Martin Ratio Rank of CLIP is 100100
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6969
Overall Rank
The Sharpe Ratio Rank of SPY is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6969
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 7272
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 7272
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CLIP vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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.


The current CLIP Sharpe Ratio is 12.20, which is higher than the SPY Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of CLIP and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

CLIP vs. SPY - Dividend Comparison

CLIP's dividend yield for the trailing twelve months is around 4.73%, more than SPY's 1.21% yield.


TTM20242023202220212020201920182017201620152014
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%
SPY
SPDR S&P 500 ETF
1.21%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

CLIP vs. SPY - Drawdown Comparison

The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CLIP and SPY.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

CLIP vs. SPY - Volatility Comparison

The current volatility for Global X 1-3 Month T-Bill ETF (CLIP) is 0.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.78%. This indicates that CLIP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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