STXE vs. CLIP

Last updated Jun 24, 2026

STXE (Strive Emerging Markets Ex-China ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - STXE is a Emerging Markets Diversified fund tracking the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, 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 3 years, STXE returned 28.56%/yr vs 4.64%/yr for CLIP. At a correlation of -0.05, they often move in opposite directions. STXE charges 0.32%/yr vs 0.07%/yr for CLIP.

Performance

STXE vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Emerging Markets Ex-China ETF (STXE) 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, STXE achieves a 44.03% return, which is significantly higher than CLIP's 1.71% return.

STXE

• 1D: -6.43%
• 1M: 6.24%
• YTD: 44.03%
• 6M: 45.98%
• 1Y: 75.87%
• 3Y*: 28.56%
• 5Y*: —
• 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)

STXE vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
STXE Strive Emerging Markets Ex-China ETF	44.03%	34.23%	2.09%	6.06%
CLIP Global X 1-3 Month T-Bill ETF	1.71%	4.23%	5.26%	2.82%

Correlation

The correlation between STXE 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	-0.05
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023	-0.05

Return for Risk

STXE vs. CLIP — Risk / Return Rank

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

STXE

STXE Risk / Return Rank: 89
STXE Sharpe Ratio Rank: 90
STXE Sortino Ratio Rank: 82
STXE Omega Ratio Rank: 89
STXE Calmar Ratio Rank: 90
STXE Martin Ratio Rank: 91

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.

STXE vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) 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.

	STXE	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	2.86	17.84	-14.98
Sortino ratio: Return per unit of downside risk	3.40	80.86	-77.46
Omega ratio: Gain probability vs. loss probability	1.52	26.35	-24.82
Calmar ratio: Return relative to maximum drawdown	5.26	141.67	-136.41
Martin ratio: Return relative to average drawdown	20.32	1,281.30	-1,260.98

STXE vs. CLIP - Sharpe Ratio Comparison

The current STXE Sharpe Ratio is 2.86, which is lower than the CLIP Sharpe Ratio of 17.84. The chart below compares the historical Sharpe Ratios of STXE 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

STXE vs. CLIP - Drawdown Comparison

The maximum STXE drawdown since its inception was -18.92%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for STXE and CLIP.

Drawdown Indicators

	STXE	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-18.92%	-0.08%	-18.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.51%	-0.03%	-14.48%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-0.08%	-18.84%
Current Drawdown Current decline from peak	-6.43%	0.00%	-6.43%
Average Drawdown Average peak-to-trough decline	-3.72%	-0.00%	-3.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	0.00%	+3.74%

Volatility

STXE vs. CLIP - Volatility Comparison

Strive Emerging Markets Ex-China ETF (STXE) has a higher volatility of 15.52% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.07%. This indicates that STXE'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

	STXE	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.52%	0.07%	+15.45%
Volatility (6M) Calculated over the trailing 6-month period	24.95%	0.15%	+24.80%
Volatility (1Y) Calculated over the trailing 1-year period	26.68%	0.22%	+26.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	0.44%	+18.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.08%	0.44%	+18.64%

STXE vs. CLIP - Expense Ratio Comparison

STXE has a 0.32% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

STXE vs. CLIP - Dividend Comparison

STXE's dividend yield for the trailing twelve months is around 1.87%, less than CLIP's 3.90% yield.

Position	TTM	2025	2024	2023
CLIP Global X 1-3 Month T-Bill ETF	3.90%	4.14%	5.11%	2.75%
STXE Strive Emerging Markets Ex-China ETF	1.87%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both STXE and CLIP in my portfolio?

STXE 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, STXE or CLIP?

STXE has higher volatility (15.52%) compared to CLIP (0.07%). In terms of maximum drawdown, STXE dropped -18.92% vs CLIP's -0.08%.

Which ETF is better, STXE or CLIP?

On 3-year performance, STXE leads with 28.56% 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, STXE or CLIP?

Over the 3-year period, STXE has performed better with a 28.56% return vs 4.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STXE or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.32% for STXE.

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

CLIP has the higher dividend yield at 3.90%, compared with 1.87% for STXE.

What is the main difference between STXE and CLIP?

STXE is categorized as Emerging Markets Diversified, while CLIP is Ultrashort Bond. STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross, while CLIP tracks Solactive 1-3 month US T-Bill Index - USD. They also come from different issuers: Strive and Global X. Their fees differ too: 0.32% for STXE and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.84 vs 2.86), 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.