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

Correlation

The correlation between CLIP and TBLL is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.2

Performance

CLIP vs. TBLL - 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 Invesco Short Term Treasury ETF (TBLL). The values are adjusted to include any dividend payments, if applicable.

0.00%100,000.00%200,000.00%300,000.00%400,000.00%SeptemberOctoberNovemberDecember2025February
446,255.56%
8.87%
CLIP
TBLL

Key characteristics

Sharpe Ratio

CLIP:

10.05

TBLL:

14.18

Sortino Ratio

CLIP:

23.00

TBLL:

39.80

Omega Ratio

CLIP:

5.60

TBLL:

13.76

Calmar Ratio

CLIP:

64.29

TBLL:

67.17

Martin Ratio

CLIP:

337.14

TBLL:

631.96

Ulcer Index

CLIP:

0.02%

TBLL:

0.01%

Daily Std Dev

CLIP:

0.51%

TBLL:

0.36%

Max Drawdown

CLIP:

-0.08%

TBLL:

-0.61%

Current Drawdown

CLIP:

0.00%

TBLL:

0.00%

Returns By Period

The year-to-date returns for both stocks are quite close, with CLIP having a 0.69% return and TBLL slightly lower at 0.67%.


CLIP

YTD

0.69%

1M

0.36%

6M

2.32%

1Y

5.05%

5Y*

N/A

10Y*

N/A

TBLL

YTD

0.67%

1M

0.36%

6M

2.26%

1Y

5.00%

5Y*

2.47%

10Y*

N/A

*Annualized

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CLIP vs. TBLL - Expense Ratio Comparison

CLIP has a 0.07% expense ratio, which is lower than TBLL's 0.08% 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%.


Expense ratio chart for TBLL: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
Expense ratio chart for CLIP: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Risk-Adjusted Performance

CLIP vs. TBLL — 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 9999
Overall Rank
The Sharpe Ratio Rank of CLIP is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of CLIP is 9999
Sortino Ratio Rank
The Omega Ratio Rank of CLIP is 9999
Omega Ratio Rank
The Calmar Ratio Rank of CLIP is 100100
Calmar Ratio Rank
The Martin Ratio Rank of CLIP is 9999
Martin Ratio Rank

TBLL
The Risk-Adjusted Performance Rank of TBLL is 100100
Overall Rank
The Sharpe Ratio Rank of TBLL is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of TBLL is 100100
Sortino Ratio Rank
The Omega Ratio Rank of TBLL is 100100
Omega Ratio Rank
The Calmar Ratio Rank of TBLL is 100100
Calmar Ratio Rank
The Martin Ratio Rank of TBLL is 100100
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. TBLL - 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 Invesco Short Term Treasury ETF (TBLL). 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 chart of Sharpe ratio for CLIP, currently valued at 10.05, compared to the broader market0.002.004.0010.0514.18
The chart of Sortino ratio for CLIP, currently valued at 23.00, compared to the broader market-2.000.002.004.006.008.0010.0012.0023.0039.80
The chart of Omega ratio for CLIP, currently valued at 5.60, compared to the broader market0.501.001.502.002.503.005.6013.76
The chart of Calmar ratio for CLIP, currently valued at 64.29, compared to the broader market0.005.0010.0015.0064.2967.17
The chart of Martin ratio for CLIP, currently valued at 337.14, compared to the broader market0.0020.0040.0060.0080.00100.00337.14631.96
CLIP
TBLL

The current CLIP Sharpe Ratio is 10.05, which is comparable to the TBLL Sharpe Ratio of 14.18. The chart below compares the historical Sharpe Ratios of CLIP and TBLL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio6.008.0010.0012.0014.00SeptemberOctoberNovemberDecember2025February
10.05
14.18
CLIP
TBLL

Dividends

CLIP vs. TBLL - Dividend Comparison

CLIP's dividend yield for the trailing twelve months is around 5.01%, more than TBLL's 4.85% yield.


TTM20242023202220212020201920182017
CLIP
Global X 1-3 Month T-Bill ETF
5.01%5.11%2.75%0.00%0.00%0.00%0.00%0.00%0.00%
TBLL
Invesco Short Term Treasury ETF
4.85%4.99%4.63%1.37%0.05%0.80%2.24%1.69%0.71%

Drawdowns

CLIP vs. TBLL - Drawdown Comparison

The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum TBLL drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for CLIP and TBLL. For additional features, visit the drawdowns tool.


-0.04%-0.03%-0.02%-0.01%0.00%SeptemberOctoberNovemberDecember2025February00
CLIP
TBLL

Volatility

CLIP vs. TBLL - Volatility Comparison

Global X 1-3 Month T-Bill ETF (CLIP) and Invesco Short Term Treasury ETF (TBLL) have volatilities of 0.09% and 0.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.06%0.08%0.10%0.12%0.14%SeptemberOctoberNovemberDecember2025February
0.09%
0.09%
CLIP
TBLL