PJBF vs. CLIP

Last updated Jul 17, 2026

PJBF (PGIM Jennison Better Future ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - PJBF is a Global Equities fund actively managed by PGIM, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. PJBF is actively managed, while CLIP is passively managed. PJBF charges 0.59%/yr vs 0.07%/yr for CLIP.

Performance

PJBF vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Better Future ETF (PJBF) and Global X 1-3 Month T-Bill ETF (CLIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PJBF

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLIP

• 1D: 0.02%
• 1M: 0.30%
• 6M: 1.82%
• YTD: 1.94%
• 1Y: 3.90%
• 3Y*: 4.64%
• 5Y*: —
• 10Y*: —

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

PJBF vs. CLIP - Yearly Performance Comparison

	2026 (YTD)
PJBF PGIM Jennison Better Future ETF	0.00%
CLIP Global X 1-3 Month T-Bill ETF	0.03%

Return for Risk

PJBF vs. CLIP — Risk / Return Rank

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

PJBF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PJBF vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Better Future ETF (PJBF) 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.

	PJBF	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	—	17.89	—
Sortino ratio: Return per unit of downside risk	—	95.22	—
Omega ratio: Gain probability vs. loss probability	—	29.37	—
Calmar ratio: Return relative to maximum drawdown	—	196.07	—
Martin ratio: Return relative to average drawdown	—	1,495.40	—

Drawdowns

PJBF vs. CLIP - Drawdown Comparison

The maximum PJBF drawdown since its inception was 0.00%, smaller than the maximum CLIP drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for PJBF and CLIP.

Drawdown Indicators

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

Volatility

Volatility by Period

	PJBF	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	0.22%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	0.44%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	0.44%	-0.44%

PJBF vs. CLIP - Expense Ratio Comparison

PJBF has a 0.59% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

PJBF vs. CLIP - Dividend Comparison

PJBF has not paid dividends to shareholders, while CLIP's dividend yield for the trailing twelve months is around 3.85%.

Position	TTM	2025	2024	2023
CLIP Global X 1-3 Month T-Bill ETF	3.85%	4.14%	5.11%	2.75%
PJBF PGIM Jennison Better Future ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, PJBF or CLIP?

On fees, CLIP is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PJBF or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.59% for PJBF.

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

CLIP has the higher dividend yield at 3.85%, compared with 0.00% for PJBF.

What is the main difference between PJBF and CLIP?

PJBF is categorized as Global Equities, while CLIP is Ultrashort Bond. They also come from different issuers: PGIM and Global X. Their fees differ too: 0.59% for PJBF and 0.07% for CLIP.