CUSD vs. CLIP

Last updated Jun 4, 2026

CUSD (CrossingBridge Ultra-Short Duration ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both Ultrashort Bond funds. CUSD is actively managed, while CLIP is passively managed. Over the past year, CUSD returned 3.46% vs 3.96% for CLIP. At a 0.01 correlation, their price movements are largely independent. CUSD charges 0.81%/yr vs 0.07%/yr for CLIP.

Performance

CUSD vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrossingBridge Ultra-Short Duration ETF (CUSD) and Global X 1-3 Month T-Bill ETF (CLIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CUSD achieves a 1.42% return, which is significantly lower than CLIP's 1.50% return.

CUSD

• 1D: -0.13%
• 1M: -0.39%
• YTD: 1.42%
• 6M: 0.90%
• 1Y: 3.46%
• 3Y*: 4.69%
• 5Y*: —
• 10Y*: —

CLIP

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.50%
• 6M: 1.82%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CUSD vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CUSD CrossingBridge Ultra-Short Duration ETF	1.42%	5.02%	4.57%	2.72%
CLIP Global X 1-3 Month T-Bill ETF	1.50%	4.23%	5.26%	2.82%

Correlation

The correlation between CUSD and CLIP is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.01

Return for Risk

CUSD vs. CLIP — Risk / Return Rank

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

CUSD

CUSD Risk / Return Rank: 15
CUSD Sharpe Ratio Rank: 12
CUSD Sortino Ratio Rank: 12
CUSD Omega Ratio Rank: 14
CUSD Calmar Ratio Rank: 17
CUSD Martin Ratio Rank: 17

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

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.

CUSD vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CrossingBridge Ultra-Short Duration ETF (CUSD) and Global X 1-3 Month T-Bill ETF (CLIP). 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.

	CUSD	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	0.25	17.26	-17.00
Sortino ratio: Return per unit of downside risk	0.49	72.02	-71.54
Omega ratio: Gain probability vs. loss probability	1.08	20.66	-19.59
Calmar ratio: Return relative to maximum drawdown	0.64	142.22	-141.58
Martin ratio: Return relative to average drawdown	1.69	1,151.15	-1,149.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CUSD vs. CLIP - Sharpe Ratio Comparison

The current CUSD Sharpe Ratio is 0.25, which is lower than the CLIP Sharpe Ratio of 17.26. The chart below compares the historical Sharpe Ratios of CUSD and CLIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CUSD	CLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	17.26	-17.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	10.71	-10.05

Drawdowns

CUSD vs. CLIP - Drawdown Comparison

The maximum CUSD drawdown since its inception was -5.42%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for CUSD and CLIP.

Drawdown Indicators

	CUSD	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-5.42%	-0.08%	-5.34%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-0.03%	-5.39%
Max Drawdown (3Y) Largest decline over 3 years	-5.42%	—	—
Current Drawdown Current decline from peak	-2.75%	0.00%	-2.75%
Average Drawdown Average peak-to-trough decline	-0.46%	-0.00%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	0.00%	+2.06%

Volatility

CUSD vs. CLIP - Volatility Comparison

CrossingBridge Ultra-Short Duration ETF (CUSD) has a higher volatility of 4.38% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.06%. This indicates that CUSD's price experiences larger fluctuations and is considered to be riskier than CLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CUSD	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	0.06%	+4.32%
Volatility (6M) Calculated over the trailing 6-month period	10.95%	0.14%	+10.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	0.23%	+13.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.03%	0.44%	+6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	0.44%	+6.59%

CUSD vs. CLIP - Expense Ratio Comparison

CUSD has a 0.81% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

CUSD vs. CLIP - Dividend Comparison

CUSD's dividend yield for the trailing twelve months is around 13.85%, more than CLIP's 3.91% yield.

Position	TTM	2025	2024	2023	2022
CLIP Global X 1-3 Month T-Bill ETF	3.91%	4.14%	5.11%	2.75%	0.00%
CUSD CrossingBridge Ultra-Short Duration ETF	13.85%	14.05%	7.10%	3.62%	1.14%

Frequently Asked Questions

Can I hold both CUSD and CLIP in my portfolio?

CUSD and CLIP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CUSD or CLIP?

CUSD has higher volatility (4.38%) compared to CLIP (0.06%). In terms of maximum drawdown, CUSD dropped -5.42% vs CLIP's -0.08%.

Which ETF is better, CUSD or CLIP?

On 1-year performance, CLIP leads with 3.96% vs 3.46% for CUSD. 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.

Which ETF has performed better, CUSD or CLIP?

Over the 1-year period, CLIP has performed better with a 3.96% return vs 3.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CUSD or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.81% for CUSD.

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

CUSD has the higher dividend yield at 13.85%, compared with 3.91% for CLIP.

What is the main difference between CUSD and CLIP?

They also come from different issuers: CrossingBridge and Global X. Their fees differ too: 0.81% for CUSD and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.26 vs 0.25), 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.