XBIL vs. CLIP
Compare and contrast key facts about US Treasury 6 Month Bill ETF (XBIL) and Global X 1-3 Month T-Bill ETF (CLIP).
XBIL and CLIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index - Benchmark TR Gross. It was launched on Mar 6, 2023. 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 XBIL 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: XBIL or CLIP.
Key characteristics
| XBIL | CLIP | |
|---|---|---|
| YTD Return | 4.44% | 4.55% |
| 1Y Return | 5.28% | 5.32% |
| Sharpe Ratio | 13.60 | 8.46 |
| Sortino Ratio | 57.51 | 20.59 |
| Omega Ratio | 14.75 | 4.60 |
| Calmar Ratio | 75.35 | 66.91 |
| Martin Ratio | 720.25 | 308.85 |
| Ulcer Index | 0.01% | 0.02% |
| Daily Std Dev | 0.39% | 0.57% |
| Max Drawdown | -0.08% | -0.08% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between XBIL and CLIP is 0.18, 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
XBIL vs. CLIP - Performance Comparison
The year-to-date returns for both investments are quite close, with XBIL having a 4.44% return and CLIP slightly higher at 4.55%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBIL vs. CLIP - Expense Ratio Comparison
XBIL 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
XBIL vs. CLIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 6 Month Bill ETF (XBIL) 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
XBIL vs. CLIP - Dividend Comparison
XBIL's dividend yield for the trailing twelve months is around 5.06%, less than CLIP's 5.24% yield.
| TTM | 2023 | |
|---|---|---|
XBIL US Treasury 6 Month Bill ETF | 5.06% | 4.30% |
CLIP Global X 1-3 Month T-Bill ETF | 5.24% | 2.75% |
Drawdowns
XBIL vs. CLIP - Drawdown Comparison
The maximum XBIL drawdown since its inception was -0.08%, roughly equal to the maximum CLIP drawdown of -0.08%. Use the drawdown chart below to compare losses from any high point for XBIL and CLIP. For additional features, visit the drawdowns tool.
Volatility
XBIL vs. CLIP - Volatility Comparison
US Treasury 6 Month Bill ETF (XBIL) has a higher volatility of 0.12% compared to Global X 1-3 Month T-Bill ETF (CLIP) at 0.11%. This indicates that XBIL'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.