Correlation
The correlation between CLIP and USFR is -0.01. 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. USFR
Compare and contrast key facts about Global X 1-3 Month T-Bill ETF (CLIP) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
CLIP and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both CLIP and USFR 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 USFR.
Performance
CLIP vs. USFR - Performance Comparison
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Key characteristics
CLIP:
12.14
USFR:
15.08
CLIP:
32.57
USFR:
45.81
CLIP:
7.55
USFR:
11.35
CLIP:
87.85
USFR:
81.14
CLIP:
504.49
USFR:
637.73
CLIP:
0.01%
USFR:
0.01%
CLIP:
0.40%
USFR:
0.32%
CLIP:
-0.08%
USFR:
-1.36%
CLIP:
0.00%
USFR:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with CLIP having a 1.65% return and USFR slightly higher at 1.69%.
CLIP
1.65%
0.30%
2.15%
4.82%
N/A
N/A
N/A
USFR
1.69%
0.36%
2.20%
4.74%
4.63%
2.84%
1.99%
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CLIP vs. USFR - Expense Ratio Comparison
CLIP has a 0.07% expense ratio, which is lower than USFR's 0.15% 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%.
Risk-Adjusted Performance
CLIP vs. USFR — Risk-Adjusted Performance Rank
CLIP
USFR
CLIP vs. USFR - 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 WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
CLIP's dividend yield for the trailing twelve months is around 4.73%, more than USFR's 4.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.31% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Drawdowns
CLIP vs. USFR - Drawdown Comparison
The maximum CLIP drawdown since its inception was -0.08%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CLIP and USFR.
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Volatility
CLIP vs. USFR - Volatility Comparison
Global X 1-3 Month T-Bill ETF (CLIP) has a higher volatility of 0.12% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.10%. This indicates that CLIP's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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