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.
Correlation
The correlation between XBIL and CLIP is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
XBIL vs. CLIP - Performance Comparison
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Key characteristics
XBIL:
12.91
CLIP:
11.05
XBIL:
46.41
CLIP:
28.96
XBIL:
10.75
CLIP:
6.95
XBIL:
70.60
CLIP:
61.38
XBIL:
597.19
CLIP:
395.56
XBIL:
0.01%
CLIP:
0.01%
XBIL:
0.38%
CLIP:
0.44%
XBIL:
-0.08%
CLIP:
-0.08%
XBIL:
0.00%
CLIP:
0.00%
Returns By Period
In the year-to-date period, XBIL achieves a 1.44% return, which is significantly lower than CLIP's 1.52% return.
XBIL
1.44%
0.34%
2.11%
4.88%
N/A
N/A
CLIP
1.52%
0.42%
2.21%
4.85%
N/A
N/A
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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 Rank
XBIL
CLIP
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.
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Dividends
XBIL vs. CLIP - Dividend Comparison
XBIL's dividend yield for the trailing twelve months is around 4.56%, less than CLIP's 4.74% yield.
TTM | 2024 | 2023 | |
---|---|---|---|
XBIL US Treasury 6 Month Bill ETF | 4.56% | 4.89% | 4.30% |
CLIP Global X 1-3 Month T-Bill ETF | 4.74% | 5.11% | 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.
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Volatility
XBIL vs. CLIP - Volatility Comparison
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