Global X - 1-3 Month T-Bill ETF
$100.18+0.01 (+0.01%)
- 0.07%
- $2.4B
- +3.8%
- 3.73%
- 0.3M sh
- $100.16
- low $100.04high $100.45
The ETF.net CLIP Grade
A
Score 83 out of 100
- 1 of 78
Score 83 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A89 out of 100Rank 8 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 32 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A86 out of 100Rank 7 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 27 of 78
Our read on CLIP
ATreasury bills, one to three months out, at half the fee of the category's longtime giant. Global X launched CLIP in 2023 as the cheap challenger in the parking-lot corner of the bond market, and it has hugged its index tightly since.
CLIP seeks to track, before fees and expenses, the price and yield performance of the Solactive 1-3 month US T-Bill Index. It invests in U.S. government Treasury bills with remaining maturities from one month to under three months.
Why people hold it
- 0.07% a year, half the 0.14% median for its bill-fund cohort and half what category veteran BIL charges for the same one-to-three-month exposure.
- The mandate fits on one line: US Treasury bills maturing in one month to under three, roughly two dozen of them. Government paper only, no corporate credit slipped in.globalxetfs.com
- Sticks to the Solactive 1-3 month US T-Bill Index about as tightly as anything in its peer group, which is the entire job description for a bill fund.
- Distributes monthly, and it has already gathered billions in assets, so it is no thin-ice launch.
Worth knowing
- Income comes straight off short-term Treasury rates. Monthly payouts move up and down with those rates rather than sitting at a fixed level.
- It opened in 2023, so the track record is short next to the bill funds it undercuts on fee.
- Volume is respectable, not the deepest in the cohort, and a hair cheaper exists (Vanguard's VBIL at 0.06%). At these fee levels the gap is rounding error.
CLIP Holdings
- Other
- 27
- 64%
- B 11/19/26 (BVSVZ28)
Geography
- United States100.00%
CLIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
CLIP$10,376
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CLIP |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.8% |
| 3 years | +4.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CLIP |
|---|---|---|
| 2026 YTD | +2.9% | |
| 2025 | +4.2% | |
| 2024 | +5.3% | |
| 2023 | +2.8% |
CLIP in the news
CLIP Dividends
- 3.73%
- $3.74
- $0.31 per share
- Monthly
Distribution history
CLIP Risk
- 0.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.76
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CLIP Cost
0.07%
CLIP0.07%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
7 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AICSHiShares Ultra Short Duration Bond Active ETFExpense ratio 0.08%1 year return +3.5%
- AVUSBVanguard Ultra-Short Bond ETFExpense ratio 0.10%1 year return +3.5%
- ATBLLInvesco Short Term Treasury ETFExpense ratio 0.08%1 year return +3.6%
- AVBILVanguard 0-3 Month Treasury Bill ETFExpense ratio 0.06%1 year return +3.7%
- AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.5%