UBEW vs. CLIP
UBEW (Roundhill UBER WeeklyPay ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - UBEW is a fund fund actively managed by Roundhill, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. UBEW is actively managed, while CLIP is passively managed. At a correlation of -0.09, they often move in opposite directions. UBEW charges 0.99%/yr vs 0.07%/yr for CLIP.
Performance
UBEW vs. CLIP - Performance Comparison
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Returns By Period
In the year-to-date period, UBEW achieves a -18.80% return, which is significantly lower than CLIP's 1.71% return.
UBEW
- 1D
- -2.97%
- 1M
- -3.85%
- YTD
- -18.80%
- 6M
- -17.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLIP
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
UBEW vs. CLIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UBEW Roundhill UBER WeeklyPay ETF | -18.80% | -16.62% |
CLIP Global X 1-3 Month T-Bill ETF | 1.71% | 0.77% |
Correlation
The correlation between UBEW and CLIP is -0.09, 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 (All Time) Calculated using the full available price history since Oct 23, 2025 | -0.09 |
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Return for Risk
UBEW vs. CLIP — Risk / Return Rank
UBEW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLIP
UBEW vs. CLIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill UBER WeeklyPay ETF (UBEW) 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.
| UBEW | CLIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 26.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 141.67 | — |
| Martin ratioReturn relative to average drawdown | — | 1,281.30 | — |
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Drawdowns
UBEW vs. CLIP - Drawdown Comparison
The maximum UBEW drawdown since its inception was -38.17%, which is greater than CLIP's maximum drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for UBEW and CLIP.
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Drawdown Indicators
| UBEW | CLIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.17% | -0.08% | -38.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.08% | — |
Current DrawdownCurrent decline from peak | -37.17% | 0.00% | -37.17% |
Average DrawdownAverage peak-to-trough decline | -25.67% | -0.00% | -25.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
UBEW vs. CLIP - Volatility Comparison
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Volatility by Period
| UBEW | CLIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.25% | 0.22% | +42.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.25% | 0.44% | +41.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.25% | 0.44% | +41.81% |
UBEW vs. CLIP - Expense Ratio Comparison
UBEW has a 0.99% expense ratio, which is higher than CLIP's 0.07% expense ratio.
Dividends
UBEW vs. CLIP - Dividend Comparison
UBEW's dividend yield for the trailing twelve months is around 35.87%, more 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% |
UBEW Roundhill UBER WeeklyPay ETF | 35.87% | 8.98% | 0.00% | 0.00% |
Frequently Asked Questions
UBEW and CLIP have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLIP is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLIP is cheaper with a 0.07% expense ratio, compared with 0.99% for UBEW.
UBEW has the higher dividend yield at 35.87%, compared with 3.90% for CLIP.
They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.99% for UBEW and 0.07% for CLIP.
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