RINF vs. CLIP

Last updated Jun 4, 2026

RINF (ProShares Inflation Expectations ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) 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 year, RINF returned 2.48% vs 3.96% for CLIP. At a 0.03 correlation, their price movements are largely independent. RINF charges 0.30%/yr vs 0.07%/yr for CLIP.

Performance

RINF vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Inflation Expectations ETF (RINF) 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, RINF achieves a 2.37% return, which is significantly higher than CLIP's 1.50% return.

RINF

• 1D: -0.07%
• 1M: 0.43%
• YTD: 2.37%
• 6M: 3.08%
• 1Y: 2.48%
• 3Y*: 4.84%
• 5Y*: 5.43%
• 10Y*: 4.69%

CLIP

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.50%
• 6M: 1.82%
• 1Y: 3.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RINF vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RINF ProShares Inflation Expectations ETF	2.37%	1.64%	9.79%	-0.29%
CLIP Global X 1-3 Month T-Bill ETF	1.50%	4.23%	5.26%	2.82%

Correlation

The correlation between RINF and CLIP is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.03

Return for Risk

RINF vs. CLIP — Risk / Return Rank

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

RINF

RINF Risk / Return Rank: 18
RINF Sharpe Ratio Rank: 17
RINF Sortino Ratio Rank: 16
RINF Omega Ratio Rank: 16
RINF Calmar Ratio Rank: 21
RINF Martin Ratio Rank: 18

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.

RINF vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) 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.

	RINF	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	0.56	17.26	-16.70
Sortino ratio: Return per unit of downside risk	0.82	72.02	-71.20
Omega ratio: Gain probability vs. loss probability	1.10	20.66	-19.57
Calmar ratio: Return relative to maximum drawdown	0.96	142.22	-141.27
Martin ratio: Return relative to average drawdown	1.83	1,151.15	-1,149.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RINF vs. CLIP - Sharpe Ratio Comparison

The current RINF Sharpe Ratio is 0.56, which is lower than the CLIP Sharpe Ratio of 17.26. The chart below compares the historical Sharpe Ratios of RINF 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.

Sharpe Ratios by Period

	RINF	CLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	17.26	-16.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	10.71	-10.62

Drawdowns

RINF vs. CLIP - Drawdown Comparison

The maximum RINF drawdown since its inception was -43.51%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for RINF and CLIP.

Drawdown Indicators

	RINF	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-0.08%	-43.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-0.03%	-2.57%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	—	—
Current Drawdown Current decline from peak	-0.66%	0.00%	-0.66%
Average Drawdown Average peak-to-trough decline	-16.45%	-0.00%	-16.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	0.00%	+1.37%

Volatility

RINF vs. CLIP - Volatility Comparison

ProShares Inflation Expectations ETF (RINF) has a higher volatility of 1.19% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.06%. This indicates that RINF'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

	RINF	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	0.06%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	0.14%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	0.23%	+4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	0.44%	+12.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	0.44%	+12.13%

RINF vs. CLIP - Expense Ratio Comparison

RINF has a 0.30% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

RINF vs. CLIP - Dividend Comparison

RINF's dividend yield for the trailing twelve months is around 3.70%, less than CLIP's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLIP Global X 1-3 Month T-Bill ETF	3.91%	4.14%	5.11%	2.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RINF ProShares Inflation Expectations ETF	3.70%	3.89%	4.68%	5.07%	1.15%	2.76%	0.82%	1.90%	2.47%	2.99%	1.09%	1.83%

Frequently Asked Questions

Can I hold both RINF and CLIP in my portfolio?

RINF and CLIP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RINF or CLIP?

RINF has higher volatility (1.19%) compared to CLIP (0.06%). In terms of maximum drawdown, RINF dropped -43.51% vs CLIP's -0.08%.

Which ETF is better, RINF or CLIP?

On 1-year performance, CLIP leads with 3.96% vs 2.48% for RINF. 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.

Which ETF has performed better, RINF or CLIP?

Over the 1-year period, CLIP has performed better with a 3.96% return vs 2.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RINF or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.30% for RINF.

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

CLIP has the higher dividend yield at 3.91%, compared with 3.70% for RINF.

What is the main difference between RINF and CLIP?

RINF is categorized as Inflation-Protected Bonds, while CLIP is Ultrashort Bond. RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while CLIP tracks Solactive 1-3 month US T-Bill Index - USD. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.30% for RINF and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.26 vs 0.56), 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.