PSFF vs. CLIP

Last updated Jun 24, 2026

PSFF (Pacer Swan SOS Fund of Funds ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - PSFF is a Defined Outcome fund actively managed by Pacer, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. PSFF is actively managed, while CLIP is passively managed. Over the past 3 years, PSFF returned 12.27%/yr vs 4.64%/yr for CLIP. At a correlation of -0.03, they often move in opposite directions. PSFF charges 0.75%/yr vs 0.07%/yr for CLIP.

Performance

PSFF vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Fund of Funds ETF (PSFF) 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, PSFF achieves a 5.23% return, which is significantly higher than CLIP's 1.71% return.

PSFF

• 1D: -0.50%
• 1M: -0.04%
• YTD: 5.23%
• 6M: 5.10%
• 1Y: 13.59%
• 3Y*: 12.27%
• 5Y*: 9.17%
• 10Y*: —

CLIP

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.71%
• 6M: 1.80%
• 1Y: 3.95%
• 3Y*: 4.64%
• 5Y*: —
• 10Y*: —

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

PSFF vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSFF Pacer Swan SOS Fund of Funds ETF	5.23%	10.38%	13.18%	7.27%
CLIP Global X 1-3 Month T-Bill ETF	1.71%	4.23%	5.26%	2.82%

Correlation

The correlation between PSFF and CLIP is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023	-0.03

Return for Risk

PSFF vs. CLIP — Risk / Return Rank

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

PSFF

PSFF Risk / Return Rank: 82
PSFF Sharpe Ratio Rank: 78
PSFF Sortino Ratio Rank: 86
PSFF Omega Ratio Rank: 79
PSFF Calmar Ratio Rank: 77
PSFF Martin Ratio Rank: 89

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.

PSFF vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Fund of Funds ETF (PSFF) 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.

	PSFF	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	2.30	17.84	-15.54
Sortino ratio: Return per unit of downside risk	3.55	80.86	-77.31
Omega ratio: Gain probability vs. loss probability	1.43	26.35	-24.91
Calmar ratio: Return relative to maximum drawdown	3.72	141.67	-137.95
Martin ratio: Return relative to average drawdown	18.50	1,281.30	-1,262.80

PSFF vs. CLIP - Sharpe Ratio Comparison

The current PSFF Sharpe Ratio is 2.30, which is lower than the CLIP Sharpe Ratio of 17.84. The chart below compares the historical Sharpe Ratios of PSFF 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

PSFF vs. CLIP - Drawdown Comparison

The maximum PSFF drawdown since its inception was -10.78%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for PSFF and CLIP.

Drawdown Indicators

	PSFF	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-10.78%	-0.08%	-10.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.67%	-0.03%	-3.64%
Max Drawdown (3Y) Largest decline over 3 years	-10.78%	-0.08%	-10.70%
Max Drawdown (5Y) Largest decline over 5 years	-10.78%	—	—
Current Drawdown Current decline from peak	-0.79%	0.00%	-0.79%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.00%	-1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.00%	+0.74%

Volatility

PSFF vs. CLIP - Volatility Comparison

Pacer Swan SOS Fund of Funds ETF (PSFF) has a higher volatility of 1.71% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that PSFF'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

	PSFF	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.71%	0.07%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	4.76%	0.15%	+4.61%
Volatility (1Y) Calculated over the trailing 1-year period	5.99%	0.22%	+5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.24%	0.44%	+8.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.08%	0.44%	+8.64%

PSFF vs. CLIP - Expense Ratio Comparison

PSFF has a 0.75% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

PSFF vs. CLIP - Dividend Comparison

PSFF has not paid dividends to shareholders, while CLIP's dividend yield for the trailing twelve months is around 3.90%.

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%
PSFF Pacer Swan SOS Fund of Funds ETF	0.00%	0.00%	0.00%	0.00%	0.01%

Frequently Asked Questions

Can I hold both PSFF and CLIP in my portfolio?

PSFF and CLIP have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSFF or CLIP?

PSFF has higher volatility (1.71%) compared to CLIP (0.07%). In terms of maximum drawdown, PSFF dropped -10.78% vs CLIP's -0.08%.

Which ETF is better, PSFF or CLIP?

On 3-year performance, PSFF leads with 12.27% 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, PSFF or CLIP?

Over the 3-year period, PSFF has performed better with a 12.27% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSFF or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.75% for PSFF.

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

CLIP has the higher dividend yield at 3.90%, compared with 0.00% for PSFF.

What is the main difference between PSFF and CLIP?

PSFF is categorized as Defined Outcome, while CLIP is Ultrashort Bond. They also come from different issuers: Pacer and Global X. Their fees differ too: 0.75% for PSFF and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.84 vs 2.30), 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.