CLIP — Global X 1-3 Month T-Bill ETF

CLIP Price Performance — Growth of $10,000

Value of a $10,000 investment in CLIP over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

CLIP Drawdown

The "underwater" chart: CLIP's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X 1-3 Month T-Bill ETF (CLIP) is an ultra-short cash fund issued by Global X Funds with $2.37 billion in assets. It holds a C grade and ranks 6 of 9 within its category, placing it at #338 across all tracked ETFs. The fund’s 0.07% expense ratio is significantly lower than the category median of 0.15%. Its 3.80% dividend yield trails the category median of 4.19%. The top ten holdings comprise 59.3% of assets, with the largest position being United States of America at 9.5%.

CLIP has a three-year price history, with its C grade remaining unchanged over the last 35 tracked days. The fund’s price sits at 22.5% of its 52-week range, indicating it is near the lower end of recent trading levels. Short-term returns show modest gains, with one-month and three-month returns at 0.30% and 0.93% respectively. Longer-term performance is stronger, with a one-year return of 3.80% slightly exceeding the category median of 3.72%. The three-year return stands at 14.22%, reflecting the cumulative effect of these yields.

The fund exhibits very low annualized volatility of 0.21% and a maximum drawdown of just -0.08%. Beta is not reported, but the minimal drawdown suggests limited downside exposure. A Sharpe ratio of -5.66 indicates that risk-adjusted returns have been negative relative to the risk-free rate or benchmark used. Liquidity is supported by an average daily volume of 300,209 shares and a tight bid-ask spread of 0.01%. These metrics collectively describe a stable, low-fluctuation asset profile.

AI-generated summary based on the data on this page.

CLIP Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 59.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how CLIP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With CLIP

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with CLIP's top 10 — SGOV overlaps most, holding 1 of the same companies as CLIP's top 10 (59.3% of CLIP's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.80% (as of 2026-09-08) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.72 (as of 2026-09-08) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

CLIP Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.01% and average daily volume is 300K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $2.37B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: CLIP is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

CLIP Performance History

How CLIP Compares to Other Ultra-Short / Cash ETFs