WFH vs. CLIP

Last updated Jun 5, 2026

WFH (Direxion Work From Home ETF) and CLIP (Global X 1-3 Month T-Bill ETF) are both exchange-traded funds - WFH is a Technology Equities fund tracking the Solactive Remote Work Index, while CLIP is a Ultrashort Bond fund tracking the Solactive 1-3 month US T-Bill Index - USD. Both are passively managed. At a 0.01 correlation, their price movements are largely independent. WFH charges 0.45%/yr vs 0.07%/yr for CLIP.

Performance

WFH vs. CLIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Work From Home ETF (WFH) and Global X 1-3 Month T-Bill ETF (CLIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WFH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 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)

WFH vs. CLIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WFH Direxion Work From Home ETF	0.00%	15.47%	18.55%	14.62%
CLIP Global X 1-3 Month T-Bill ETF	1.52%	4.23%	5.26%	2.82%

Correlation

The correlation between WFH and CLIP is -0.06, 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	-0.06
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.01

Return for Risk

WFH vs. CLIP — Risk / Return Rank

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

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.

WFH vs. CLIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Work From Home ETF (WFH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WFH	CLIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	17.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	10.71	—

Drawdowns

Drawdown Indicators

	WFH	CLIP	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.08%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.03%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	WFH	CLIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.23%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.44%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.44%	—

WFH vs. CLIP - Expense Ratio Comparison

WFH has a 0.45% expense ratio, which is higher than CLIP's 0.07% expense ratio.

Dividends

WFH vs. CLIP - Dividend Comparison

WFH's dividend yield for the trailing twelve months is around 0.91%, less than CLIP's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CLIP Global X 1-3 Month T-Bill ETF	3.91%	4.14%	5.11%	2.75%	0.00%	0.00%	0.00%
WFH Direxion Work From Home ETF	0.91%	0.94%	0.50%	0.67%	0.42%	0.79%	0.86%

Frequently Asked Questions

Can I hold both WFH and CLIP in my portfolio?

WFH and CLIP have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WFH or CLIP?

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.

Which ETF is cheaper, WFH or CLIP?

CLIP is cheaper with a 0.07% expense ratio, compared with 0.45% for WFH.

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

CLIP has the higher dividend yield at 3.91%, compared with 0.91% for WFH.

What is the main difference between WFH and CLIP?

WFH is categorized as Technology Equities, while CLIP is Ultrashort Bond. WFH tracks Solactive Remote Work Index, while CLIP tracks Solactive 1-3 month US T-Bill Index - USD. They also come from different issuers: Direxion and Global X. Their fees differ too: 0.45% for WFH and 0.07% for CLIP.