SYFI vs. CLIP

Last updated Jun 5, 2026

SYFI (AB Short Duration High Yield ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - SYFI is a High Yield Bonds fund actively managed by AllianceBernstein, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. SYFI is actively managed, while CLIP is passively managed. Over the past year, SYFI returned 6.81% vs 3.98% for CLIP. At a correlation of -0.02, they often move in opposite directions. SYFI charges 0.40%/yr vs 0.07%/yr for CLIP.

Performance

SYFI vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Short Duration High Yield ETF (SYFI) 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, SYFI achieves a 1.72% return, which is significantly higher than CLIP's 1.52% return.

SYFI

• 1D: 0.14%
• 1M: 0.27%
• YTD: 1.72%
• 6M: 2.33%
• 1Y: 6.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CLIP

• 1D: 0.01%
• 1M: 0.30%
• YTD: 1.52%
• 6M: 1.80%
• 1Y: 3.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SYFI vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SYFI AB Short Duration High Yield ETF	1.72%	7.19%	4.97%
CLIP Global X 1-3 Month T-Bill ETF	1.52%	4.23%	2.82%

Correlation

The correlation between SYFI and CLIP is -0.10, 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	-0.10
Correlation (All Time) Calculated using the full available price history since Jun 11, 2024	-0.02

Return for Risk

SYFI vs. CLIP — Risk / Return Rank

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

SYFI

SYFI Risk / Return Rank: 73
SYFI Sharpe Ratio Rank: 66
SYFI Sortino Ratio Rank: 73
SYFI Omega Ratio Rank: 72
SYFI Calmar Ratio Rank: 71
SYFI Martin Ratio Rank: 82

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.

SYFI vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Short Duration High Yield ETF (SYFI) 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.

	SYFI	CLIP	Difference
Sharpe ratio: Return per unit of total volatility	2.14	17.39	-15.25
Sortino ratio: Return per unit of downside risk	3.25	72.61	-69.36
Omega ratio: Gain probability vs. loss probability	1.42	21.25	-19.83
Calmar ratio: Return relative to maximum drawdown	3.52	142.78	-139.27
Martin ratio: Return relative to average drawdown	16.16	1,155.67	-1,139.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYFI vs. CLIP - Sharpe Ratio Comparison

The current SYFI Sharpe Ratio is 2.14, which is lower than the CLIP Sharpe Ratio of 17.39. The chart below compares the historical Sharpe Ratios of SYFI 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

	SYFI	CLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	17.39	-15.25
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	10.71	-9.03

Drawdowns

SYFI vs. CLIP - Drawdown Comparison

The maximum SYFI drawdown since its inception was -4.49%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for SYFI and CLIP.

Drawdown Indicators

	SYFI	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	-4.49%	-0.08%	-4.41%
Max Drawdown (1Y) Largest decline over 1 year	-1.94%	-0.03%	-1.91%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.35%	-0.00%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	0.00%	+0.42%

Volatility

SYFI vs. CLIP - Volatility Comparison

AB Short Duration High Yield ETF (SYFI) has a higher volatility of 0.84% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.05%. This indicates that SYFI'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

	SYFI	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.05%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	2.42%	0.14%	+2.28%
Volatility (1Y) Calculated over the trailing 1-year period	3.19%	0.23%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.23%	0.44%	+3.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.23%	0.44%	+3.79%

SYFI vs. CLIP - Expense Ratio Comparison

SYFI has a 0.40% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

SYFI vs. CLIP - Dividend Comparison

SYFI's dividend yield for the trailing twelve months is around 6.12%, more than CLIP's 3.91% yield.

Position	TTM	2025	2024	2023
CLIP Global X 1-3 Month T-Bill ETF	3.91%	4.14%	5.11%	2.75%
SYFI AB Short Duration High Yield ETF	6.12%	6.20%	3.26%	0.00%

Frequently Asked Questions

Can I hold both SYFI and CLIP in my portfolio?

SYFI 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, SYFI or CLIP?

SYFI has higher volatility (0.84%) compared to CLIP (0.05%). In terms of maximum drawdown, SYFI dropped -4.49% vs CLIP's -0.08%.

Which ETF is better, SYFI or CLIP?

On 1-year performance, SYFI leads with 6.81% vs 3.98% for CLIP. On fees, CLIP is cheaper at 0.07% per year. On volatility, CLIP has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SYFI or CLIP?

Over the 1-year period, SYFI has performed better with a 6.81% return vs 3.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SYFI or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.40% for SYFI.

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

SYFI has the higher dividend yield at 6.12%, compared with 3.91% for CLIP.

What is the main difference between SYFI and CLIP?

SYFI is categorized as High Yield Bonds, while CLIP is Ultrashort Bond. They also come from different issuers: AllianceBernstein and Global X. Their fees differ too: 0.40% for SYFI and 0.07% for CLIP.

Which has better risk-adjusted returns?

CLIP currently has the higher Sharpe Ratio (17.39 vs 2.14), 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.