Global X - 1-3 Month T-Bill ETF
$100.28+0.01 (+0.00%)
- Expense ratio
- 0.07%
- Fund size
- $2.4B
- 1Y return
- +3.8%
- Yield · Last 12 months
- 3.76%
- Holdings
- 23
- Volume · 30D
- 0.4M sh
- NAV per share
- $100.26
- 52W range
The ETF.net CLIP Grade
Score 84 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 89Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 53Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 87Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
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
- 23
- 64%
- B 10/29/26 (BV3PBJ4)
Geography
CLIP Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +2.6% |
| 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 | +2.6% | |
| 2025 | +4.2% | |
| 2024 | +5.3% | |
| 2023 | +2.8% |
CLIP in the news
ETF.net Research hasn’t filed on CLIP yet — coverage lands here as it’s written.
CLIP Dividends
- 3.76%
- $3.77
- $0.31 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.31 |
| Aug 3, 2026 | Aug 6, 2026 | $0.31 |
| Jul 1, 2026 | Jul 7, 2026 | $0.30 |
| Jun 1, 2026 | Jun 4, 2026 | $0.30 |
| May 1, 2026 | May 6, 2026 | $0.30 |
| Apr 1, 2026 | Apr 7, 2026 | $0.31 |
| Mar 2, 2026 | Mar 5, 2026 | $0.30 |
| Feb 2, 2026 | Feb 5, 2026 | $0.31 |
| Dec 30, 2025 | Jan 7, 2026 | $0.31 |
| Dec 1, 2025 | Dec 8, 2025 | $0.33 |
| Nov 3, 2025 | Nov 10, 2025 | $0.34 |
| Oct 1, 2025 | Oct 8, 2025 | $0.35 |
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.
- −0.74
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
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
7 of the 77 Cash & Ultra-Short Income funds charge less.