OSEA vs. CLIP

Last updated Jun 23, 2026

OSEA (Harbor International Compounders ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - OSEA is a Foreign Large Cap Equities fund actively managed by Harbor, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. OSEA is actively managed, while CLIP is passively managed. Over the past 3 years, OSEA returned 7.66%/yr vs 4.64%/yr for CLIP. At a correlation of -0.01, they often move in opposite directions. OSEA charges 0.55%/yr vs 0.07%/yr for CLIP.

Performance

OSEA vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor International Compounders ETF (OSEA) 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, OSEA achieves a 0.66% return, which is significantly lower than CLIP's 1.71% return.

OSEA

• 1D: -0.13%
• 1M: 0.36%
• YTD: 0.66%
• 6M: 1.06%
• 1Y: 8.76%
• 3Y*: 7.66%
• 5Y*: —
• 10Y*: —

CLIP

• 1D: 0.03%
• 1M: 0.29%
• YTD: 1.71%
• 6M: 1.82%
• 1Y: 3.97%
• 3Y*: 4.64%
• 5Y*: —
• 10Y*: —

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

OSEA vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
OSEA Harbor International Compounders ETF	0.66%	18.49%	-0.73%	3.73%
CLIP Global X 1-3 Month T-Bill ETF	1.71%	4.23%	5.26%	2.82%

Correlation

The correlation between OSEA and CLIP is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023	-0.01

Return for Risk

OSEA vs. CLIP — Risk / Return Rank

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

OSEA

OSEA Risk / Return Rank: 18
OSEA Sharpe Ratio Rank: 18
OSEA Sortino Ratio Rank: 17
OSEA Omega Ratio Rank: 16
OSEA Calmar Ratio Rank: 18
OSEA Martin Ratio Rank: 22

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.

OSEA vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor International Compounders ETF (OSEA) 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.

	OSEA	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	0.57	17.97	-17.41
Sortino ratio: Return per unit of downside risk	0.90	81.28	-80.37
Omega ratio: Gain probability vs. loss probability	1.11	26.48	-25.37
Calmar ratio: Return relative to maximum drawdown	0.79	142.41	-141.62
Martin ratio: Return relative to average drawdown	2.76	1,288.03	-1,285.26

OSEA vs. CLIP - Sharpe Ratio Comparison

The current OSEA Sharpe Ratio is 0.57, which is lower than the CLIP Sharpe Ratio of 17.97. The chart below compares the historical Sharpe Ratios of OSEA 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

OSEA vs. CLIP - Drawdown Comparison

The maximum OSEA drawdown since its inception was -18.14%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for OSEA and CLIP.

Drawdown Indicators

	OSEA	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-18.14%	-0.08%	-18.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.08%	-0.03%	-11.05%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-0.08%	-18.06%
Current Drawdown Current decline from peak	-3.15%	0.00%	-3.15%
Average Drawdown Average peak-to-trough decline	-3.81%	-0.00%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	0.00%	+3.17%

Volatility

OSEA vs. CLIP - Volatility Comparison

Harbor International Compounders ETF (OSEA) has a higher volatility of 4.58% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that OSEA'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

	OSEA	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	0.07%	+4.51%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	0.15%	+12.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	0.22%	+15.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	0.44%	+16.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	0.44%	+16.20%

OSEA vs. CLIP - Expense Ratio Comparison

OSEA has a 0.55% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

OSEA vs. CLIP - Dividend Comparison

OSEA's dividend yield for the trailing twelve months is around 1.23%, less than CLIP's 3.90% yield.

Position	TTM	2025	2024	2023	2022
CLIP Global X 1-3 Month T-Bill ETF	3.90%	4.14%	5.11%	2.75%	0.00%
OSEA Harbor International Compounders ETF	1.23%	1.24%	0.51%	0.65%	0.11%

Frequently Asked Questions

Can I hold both OSEA and CLIP in my portfolio?

OSEA and CLIP have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSEA or CLIP?

OSEA has higher volatility (4.58%) compared to CLIP (0.07%). In terms of maximum drawdown, OSEA dropped -18.14% vs CLIP's -0.08%.

Which ETF is better, OSEA or CLIP?

On 3-year performance, OSEA leads with 7.66% 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 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OSEA or CLIP?

Over the 3-year period, OSEA has performed better with a 7.66% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OSEA or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.55% for OSEA.

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

CLIP has the higher dividend yield at 3.90%, compared with 1.23% for OSEA.

What is the main difference between OSEA and CLIP?

OSEA is categorized as Foreign Large Cap Equities, while CLIP is Ultrashort Bond. They also come from different issuers: Harbor and Global X. Their fees differ too: 0.55% for OSEA and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.97 vs 0.57), 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.