OPPE vs. CLIP
OPPE (WisdomTree European Opportunities Fund) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - OPPE is a Europe Equities fund tracking the WisdomTree European Opportunities 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 3 years, OPPE returned 23.14%/yr vs 4.64%/yr for CLIP. At a 0.00 correlation, their price movements are largely independent. OPPE charges 0.58%/yr vs 0.07%/yr for CLIP.
Performance
OPPE vs. CLIP - Performance Comparison
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Returns By Period
In the year-to-date period, OPPE achieves a 10.34% return, which is significantly higher than CLIP's 1.72% return.
OPPE
- 1D
- -0.74%
- 1M
- -1.67%
- YTD
- 10.34%
- 6M
- 10.66%
- 1Y
- 24.62%
- 3Y*
- 23.14%
- 5Y*
- 13.77%
- 10Y*
- 13.09%
CLIP
- 1D
- 0.01%
- 1M
- 0.30%
- YTD
- 1.72%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
OPPE vs. CLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OPPE WisdomTree European Opportunities Fund | 10.34% | 38.80% | 10.42% | 8.25% |
CLIP Global X 1-3 Month T-Bill ETF | 1.72% | 4.23% | 5.26% | 2.82% |
Correlation
The correlation between OPPE and CLIP is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023 | 0.00 |
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Return for Risk
OPPE vs. CLIP — Risk / Return Rank
OPPE
CLIP
OPPE vs. CLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree European Opportunities Fund (OPPE) 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.
| OPPE | CLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.12 | ||
| Sortino ratioReturn per unit of downside risk | -78.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 26.35 | -25.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 141.67 | -138.87 |
| Martin ratioReturn relative to average drawdown | 10.51 | 1,281.30 | -1,270.79 |
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Drawdowns
OPPE vs. CLIP - Drawdown Comparison
The maximum OPPE drawdown since its inception was -39.28%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for OPPE and CLIP.
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Drawdown Indicators
| OPPE | CLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -0.08% | -39.20% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -0.03% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -0.08% | -14.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.28% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | 0.00% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -0.00% | -5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.00% | +2.35% |
Volatility
OPPE vs. CLIP - Volatility Comparison
WisdomTree European Opportunities Fund (OPPE) has a higher volatility of 4.94% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.06%. This indicates that OPPE'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.
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Volatility by Period
| OPPE | CLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 0.06% | +4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 0.15% | +12.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.43% | 0.22% | +14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 0.44% | +15.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 0.44% | +16.54% |
OPPE vs. CLIP - Expense Ratio Comparison
OPPE has a 0.58% expense ratio, which is higher than CLIP's 0.07% expense ratio.
Dividends
OPPE vs. CLIP - Dividend Comparison
OPPE's dividend yield for the trailing twelve months is around 2.78%, less than CLIP's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIP Global X 1-3 Month T-Bill ETF | 3.90% | 4.14% | 5.11% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OPPE WisdomTree European Opportunities Fund | 2.78% | 2.95% | 3.99% | 3.53% | 5.13% | 2.39% | 3.42% | 3.08% | 2.34% | 1.46% | 2.60% | 4.39% |
Frequently Asked Questions
OPPE and CLIP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPPE has higher volatility (4.94%) compared to CLIP (0.06%). In terms of maximum drawdown, OPPE dropped -39.28% vs CLIP's -0.08%.
On 3-year performance, OPPE leads with 23.14% vs 4.64% 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 3-year period, OPPE has performed better with a 23.14% return vs 4.64%. 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 0.58% for OPPE.
CLIP has the higher dividend yield at 3.90%, compared with 2.78% for OPPE.
OPPE is categorized as Europe Equities, while CLIP is Ultrashort Bond. OPPE tracks WisdomTree European Opportunities Index, while CLIP tracks Solactive 1-3 month US T-Bill Index - USD. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.58% for OPPE and 0.07% for CLIP.
CLIP currently has the higher Sharpe Ratio (17.84 vs 1.72), 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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