CLIP vs. URA
CLIP (Global X 1-3 Month T-Bill ETF) and URA (Global X Uranium ETF) are both exchange-traded funds - CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD, while URA is a Commodity Producers Equities fund tracking the Solactive Global Uranium & Nuclear Components Index. Both are passively managed. Over the past year, CLIP returned 3.96% vs 61.26% for URA. At a 0.01 correlation, their price movements are largely independent. CLIP charges 0.07%/yr vs 0.69%/yr for URA.
Performance
CLIP vs. URA - Performance Comparison
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Returns By Period
In the year-to-date period, CLIP achieves a 1.50% return, which is significantly lower than URA's 17.93% return.
CLIP
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.50%
- 6M
- 1.82%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URA
- 1D
- -5.67%
- 1M
- -8.00%
- YTD
- 17.93%
- 6M
- 13.25%
- 1Y
- 61.26%
- 3Y*
- 39.27%
- 5Y*
- 21.39%
- 10Y*
- 17.12%
CLIP vs. URA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CLIP Global X 1-3 Month T-Bill ETF | 1.50% | 4.23% | 5.26% | 2.82% |
URA Global X Uranium ETF | 17.93% | 67.18% | -0.58% | 31.63% |
Correlation
The correlation between CLIP and URA is -0.10, 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 (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.01 |
The correlation between CLIP and URA shifts across timeframes, from -0.10 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CLIP vs. URA — Risk / Return Rank
CLIP
URA
CLIP vs. URA - 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 Uranium ETF (URA). 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.
| CLIP | URA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +16.03 | ||
| Sortino ratioReturn per unit of downside risk | +70.16 | ||
| Omega ratioGain probability vs. loss probability | 20.66 | 1.22 | +19.45 |
| Calmar ratioReturn relative to maximum drawdown | 142.22 | 2.17 | +140.06 |
| Martin ratioReturn relative to average drawdown | 1,151.15 | 4.58 | +1,146.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLIP | URA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 17.26 | 1.23 | +16.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 10.71 | -0.05 | +10.76 |
Drawdowns
CLIP vs. URA - Drawdown Comparison
The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum URA drawdown of -93.54%. Use the drawdown chart below to compare losses from any high point for CLIP and URA.
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Drawdown Indicators
| CLIP | URA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -93.54% | +93.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -28.43% | +28.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -42.81% | +42.81% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -75.01% | +75.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 13.40% | -13.40% |
Volatility
CLIP vs. URA - Volatility Comparison
The current volatility for Global X 1-3 Month T-Bill ETF (CLIP) is 0.06%, while Global X Uranium ETF (URA) has a volatility of 15.94%. This indicates that CLIP experiences smaller price fluctuations and is considered to be less risky than URA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLIP | URA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 15.94% | -15.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 38.29% | -38.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.23% | 50.19% | -49.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.44% | 43.62% | -43.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.44% | 37.73% | -37.29% |
CLIP vs. URA - Expense Ratio Comparison
CLIP has a 0.07% expense ratio, which is lower than URA's 0.69% expense ratio.
Dividends
CLIP vs. URA - Dividend Comparison
CLIP's dividend yield for the trailing twelve months is around 3.91%, less than URA's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIP Global X 1-3 Month T-Bill ETF | 3.91% | 4.14% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URA Global X Uranium ETF | 4.14% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
Frequently Asked Questions
CLIP and URA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URA has higher volatility (15.94%) compared to CLIP (0.06%). In terms of maximum drawdown, CLIP dropped -0.08% vs URA's -93.54%.
On 1-year performance, URA leads with 61.26% vs 3.96% 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.
Over the 1-year period, URA has performed better with a 61.26% return vs 3.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CLIP is cheaper with a 0.07% expense ratio, compared with 0.69% for URA.
URA has the higher dividend yield at 4.14%, compared with 3.91% for CLIP.
CLIP is categorized as Ultrashort Bond, while URA is Commodity Producers Equities. CLIP tracks Solactive 1-3 month US T-Bill Index - USD, while URA tracks Solactive Global Uranium & Nuclear Components Index. Their fees differ too: 0.07% for CLIP and 0.69% for URA.
CLIP currently has the higher Sharpe Ratio (17.26 vs 1.23), 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.
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