LGCF vs. CLIP

Last updated Aug 2, 2026

LGCF (Themes US Cash Flow Champions ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - LGCF is a Large Cap Value Equities fund tracking the Solactive US Cash Flow Champions Index, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. Both are passively managed. Over the past year, LGCF returned 21.52% vs 3.87% for CLIP. Their -0.04 correlation means they have often moved in opposite directions in the past. LGCF charges 0.29%/yr vs 0.07%/yr for CLIP.

Performance

LGCF vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Cash Flow Champions ETF (LGCF) 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, LGCF achieves a 9.78% return, which is significantly higher than CLIP's 2.13% return.

LGCF

• 1D: -0.06%
• 1M: 2.97%
• 6M: 8.45%
• YTD: 9.78%
• 1Y: 21.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.94%

CLIP

• 1D: 0.03%
• 1M: 0.29%
• 6M: 1.83%
• YTD: 2.13%
• 1Y: 3.87%
• 3Y*: 4.63%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CLIP Global X 1-3 Month T-Bill ETF	$16.58M	$21.00M	$33.74M
LGCF Themes US Cash Flow Champions ETF	$3.08K	$4.14K	$25.50K

LGCF vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LGCF Themes US Cash Flow Champions ETF	9.78%	15.71%	17.65%	3.29%
CLIP Global X 1-3 Month T-Bill ETF	2.13%	4.23%	5.26%	0.28%

Correlation

The correlation between LGCF and CLIP is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	-0.04

Return for Risk

LGCF vs. CLIP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LGCF

LGCF Risk / Return Rank: 76
LGCF Sharpe Ratio Rank: 70
LGCF Sortino Ratio Rank: 68
LGCF Omega Ratio Rank: 72
LGCF Calmar Ratio Rank: 87
LGCF Martin Ratio Rank: 82

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LGCF vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Cash Flow Champions ETF (LGCF) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LGCF	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	1.61	18.23	-16.62
Sortino ratio: Return per unit of downside risk	2.26	106.96	-104.70
Omega ratio: Gain probability vs. loss probability	1.31	35.98	-34.68
Calmar ratio: Return relative to maximum drawdown	3.53	197.11	-193.58
Martin ratio: Return relative to average drawdown	11.15	1,667.91	-1,656.76

LGCF vs. CLIP - Sharpe Ratio Comparison

The current LGCF Sharpe Ratio is 1.61, which is lower than the CLIP Sharpe Ratio of 18.23. The chart below compares the historical Sharpe Ratios of LGCF 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.

Drawdowns

LGCF vs. CLIP - Drawdown Comparison

The maximum LGCF drawdown since its inception was -16.67%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for LGCF and CLIP.

Drawdown Indicators

	LGCF	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-0.08%	-16.59%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-0.02%	-5.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.08%	—
Current Drawdown Current decline from peak	-1.12%	0.00%	-1.12%
Average Drawdown Average peak-to-trough decline	-2.12%	0.00%	-2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	0.00%	+1.82%

Volatility

LGCF vs. CLIP - Volatility Comparison

Themes US Cash Flow Champions ETF (LGCF) has a higher volatility of 2.55% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that LGCF'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

	LGCF	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	0.07%	+2.48%
Volatility (6M) Calculated over the trailing 6-month period	9.96%	0.15%	+9.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	0.22%	+12.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	0.43%	+14.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	0.43%	+14.46%

LGCF vs. CLIP - Expense Ratio Comparison

LGCF has a 0.29% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

LGCF vs. CLIP - Dividend Comparison

LGCF's dividend yield for the trailing twelve months is around 1.67%, less than CLIP's 3.85% yield.

Position	TTM	2025	2024	2023
CLIP Global X 1-3 Month T-Bill ETF	3.49%	4.14%	5.11%	2.75%
LGCF Themes US Cash Flow Champions ETF	1.67%	1.84%	1.19%	0.00%

Frequently Asked Questions

Can I hold both LGCF and CLIP in my portfolio?

LGCF and CLIP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGCF or CLIP?

LGCF has higher volatility (2.55%) compared to CLIP (0.07%). In terms of maximum drawdown, LGCF dropped -16.67% vs CLIP's -0.08%.

Which ETF is better, LGCF or CLIP?

On 1-year performance, LGCF leads with 21.52% vs 3.87% for CLIP. On fees, CLIP is cheaper at 0.07% per year. On volatility, CLIP has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGCF or CLIP?

Over the 1-year period, LGCF has performed better with a 21.52% return vs 3.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGCF or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.29% for LGCF.

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

CLIP has the higher dividend yield at 3.49%, compared with 1.67% for LGCF.

What is the main difference between LGCF and CLIP?

LGCF is categorized as Large Cap Value Equities, while CLIP is Ultrashort Bond. LGCF tracks Solactive US Cash Flow Champions Index, while CLIP tracks Solactive 1-3 month US T-Bill Index - USD. They also come from different issuers: Themes and Global X. Their fees differ too: 0.29% for LGCF and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (18.23 vs 1.61), 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.