TBIL vs. CLIP
Compare and contrast key facts about US Treasury 3 Month Bill ETF (TBIL) and Global X 1-3 Month T-Bill ETF (CLIP).
TBIL and CLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022. CLIP is a passively managed fund by Global X that tracks the performance of the Solactive 1-3 month US T-Bill Index - USD. It was launched on Jun 20, 2023. Both TBIL and CLIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBIL or CLIP.
Correlation
The correlation between TBIL and CLIP is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TBIL vs. CLIP - Performance Comparison
Key characteristics
TBIL:
14.77
CLIP:
10.91
TBIL:
59.13
CLIP:
28.23
TBIL:
15.45
CLIP:
6.68
TBIL:
242.65
CLIP:
61.56
TBIL:
883.18
CLIP:
396.74
TBIL:
0.01%
CLIP:
0.01%
TBIL:
0.33%
CLIP:
0.45%
TBIL:
-0.10%
CLIP:
-0.08%
TBIL:
0.00%
CLIP:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with TBIL having a 1.40% return and CLIP slightly higher at 1.41%.
TBIL
1.40%
0.36%
2.14%
4.77%
N/A
N/A
CLIP
1.41%
0.39%
2.17%
4.82%
N/A
N/A
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TBIL vs. CLIP - Expense Ratio Comparison
TBIL has a 0.15% expense ratio, which is higher than CLIP's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBIL vs. CLIP — Risk-Adjusted Performance Rank
TBIL
CLIP
TBIL vs. CLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Month Bill ETF (TBIL) 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.
Dividends
TBIL vs. CLIP - Dividend Comparison
TBIL's dividend yield for the trailing twelve months is around 4.66%, less than CLIP's 4.75% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TBIL US Treasury 3 Month Bill ETF | 4.66% | 5.24% | 5.00% | 1.10% |
CLIP Global X 1-3 Month T-Bill ETF | 4.75% | 5.11% | 2.75% | 0.00% |
Drawdowns
TBIL vs. CLIP - Drawdown Comparison
The maximum TBIL drawdown since its inception was -0.10%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for TBIL and CLIP. For additional features, visit the drawdowns tool.
Volatility
TBIL vs. CLIP - Volatility Comparison
The current volatility for US Treasury 3 Month Bill ETF (TBIL) is 0.08%, while Global X 1-3 Month T-Bill ETF (CLIP) has a volatility of 0.18%. This indicates that TBIL experiences smaller price fluctuations and is considered to be less risky than CLIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.