QJUN vs. CLIP

Last updated Jun 23, 2026

QJUN (FT Cboe Vest Nasdaq-100 Buffer ETF - June) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - QJUN is a Nasdaq-100 fund actively managed by First Trust, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. QJUN is actively managed, while CLIP is passively managed. Over the past 3 years, QJUN returned 15.47%/yr vs 4.64%/yr for CLIP. At a 0.01 correlation, their price movements are largely independent. QJUN charges 0.90%/yr vs 0.07%/yr for CLIP.

Performance

QJUN vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Nasdaq-100 Buffer ETF - June (QJUN) 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, QJUN achieves a 5.84% return, which is significantly higher than CLIP's 1.71% return.

QJUN

• 1D: -0.38%
• 1M: 0.12%
• YTD: 5.84%
• 6M: 5.71%
• 1Y: 16.89%
• 3Y*: 15.47%
• 5Y*: 10.91%
• 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)

QJUN vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QJUN FT Cboe Vest Nasdaq-100 Buffer ETF - June	5.84%	13.59%	16.36%	8.86%
CLIP Global X 1-3 Month T-Bill ETF	1.71%	4.23%	5.26%	2.82%

Correlation

The correlation between QJUN and CLIP is -0.08, 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	-0.08
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

QJUN vs. CLIP — Risk / Return Rank

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

QJUN

QJUN Risk / Return Rank: 77
QJUN Sharpe Ratio Rank: 73
QJUN Sortino Ratio Rank: 77
QJUN Omega Ratio Rank: 82
QJUN Calmar Ratio Rank: 68
QJUN Martin Ratio Rank: 87

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.

QJUN vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Nasdaq-100 Buffer ETF - June (QJUN) 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.

	QJUN	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	2.27	17.97	-15.71
Sortino ratio: Return per unit of downside risk	3.28	81.28	-78.00
Omega ratio: Gain probability vs. loss probability	1.47	26.48	-25.01
Calmar ratio: Return relative to maximum drawdown	3.27	142.41	-139.14
Martin ratio: Return relative to average drawdown	18.11	1,288.03	-1,269.92

QJUN vs. CLIP - Sharpe Ratio Comparison

The current QJUN Sharpe Ratio is 2.27, which is lower than the CLIP Sharpe Ratio of 17.97. The chart below compares the historical Sharpe Ratios of QJUN 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

QJUN vs. CLIP - Drawdown Comparison

The maximum QJUN drawdown since its inception was -19.92%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for QJUN and CLIP.

Drawdown Indicators

	QJUN	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-0.08%	-19.84%
Max Drawdown (1Y) Largest decline over 1 year	-5.18%	-0.03%	-5.15%
Max Drawdown (3Y) Largest decline over 3 years	-16.47%	-0.08%	-16.39%
Max Drawdown (5Y) Largest decline over 5 years	-19.92%	—	—
Current Drawdown Current decline from peak	-0.38%	0.00%	-0.38%
Average Drawdown Average peak-to-trough decline	-3.84%	-0.00%	-3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	0.00%	+0.94%

Volatility

QJUN vs. CLIP - Volatility Comparison

FT Cboe Vest Nasdaq-100 Buffer ETF - June (QJUN) has a higher volatility of 0.55% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that QJUN'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

	QJUN	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	0.07%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	5.57%	0.15%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	7.49%	0.22%	+7.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	0.44%	+13.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.11%	0.44%	+13.67%

QJUN vs. CLIP - Expense Ratio Comparison

QJUN has a 0.90% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

QJUN vs. CLIP - Dividend Comparison

QJUN 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
CLIP Global X 1-3 Month T-Bill ETF	3.90%	4.14%	5.11%	2.75%
QJUN FT Cboe Vest Nasdaq-100 Buffer ETF - June	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QJUN and CLIP in my portfolio?

QJUN and CLIP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QJUN or CLIP?

QJUN has higher volatility (0.55%) compared to CLIP (0.07%). In terms of maximum drawdown, QJUN dropped -19.92% vs CLIP's -0.08%.

Which ETF is better, QJUN or CLIP?

On 3-year performance, QJUN leads with 15.47% 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, QJUN or CLIP?

Over the 3-year period, QJUN has performed better with a 15.47% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QJUN or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.90% for QJUN.

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

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

What is the main difference between QJUN and CLIP?

QJUN is categorized as Nasdaq-100, while CLIP is Ultrashort Bond. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.90% for QJUN and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.97 vs 2.27), 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.