CBIL vs CLIP: Grades, Fees and Holdings Compared

Corgi 3-12 Month T-Bill ETF

CBILBCboe

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

Overlap

0.0%by weight

Expense ratio

CBIL −0.02pt a year

CBIL0.05%CLIP0.07%

Avg volume · 30D

CLIP 11.3×the volume

CBIL25.7KCLIP291K

CBIL vs CLIP Performance

Aug 4, 2026 – Nov 4, 2026

+1.0%CBIL+1.0%CLIP

Expense ratio: CBIL 0.05%, better; CLIP 0.07%
Fund size: CBIL $25M; CLIP $2.35B
1Y total return: CBIL No data; CLIP +3.8%
Yield (12M): CBIL No data; CLIP 3.73%
Holdings: CBIL 24; CLIP 28
Avg volume (30D): CBIL 25.7K sh; CLIP 291K sh, better
NAV per share: CBIL $24.83; CLIP $100.08
52W range

ETF.net Grade

Pillar letters and Scores for CBIL, CLIP, with each pillar’s weight
Pillar	CBIL	CLIP
Cost30% weight	A95Higher	A89
Mission25% weight	Not scored	A100
Risk15% weight	C54Higher	C47
Tradability15% weight	F19	A79Higher
Holdings10% weight	C48	Not scored
Durability5% weight	F10	B68Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. CBIL and CLIP are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

CLIP ranks 2nd and CBIL 40th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
Rank 38BMMKState Street Prime Money Market ETFScore 60
Rank 40BCBILCorgi 3-12 Month T-Bill ETFScore 59
Rank 40BDLUXDoubleLine Ultrashort Income ETFScore 59

Our read on each fund

ETF.net Research

CBILBCorgi 3-12 Month T-Bill ETF

CLIPAGlobal X 1-3 Month T-Bill ETF

In short

CBIL No data

CLIP Treasury 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.

Stated mandate

CBIL No data

CLIP 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

CBIL No data

CLIP 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

CBIL No data

CLIP 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.

Full CBIL profile⁠

Full CLIP profile⁠

CBIL vs CLIP Holdings

How CBIL and CLIP differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of CBIL and 0.0% of CLIP.

Level by level

Asset classEquity, Cash0.0%
Holdings0 in both0.0%
Countryby domicile100%
Sector1 Sector100%

Sector

Sector weights in CBIL and CLIP, widest gap first
Sector	More in CBILMore in CLIP	Gap	CBIL	CLIP
Government		Same weight	100.0%	100.0%

Country, concentration and asset class

Country by domicile

Country weights in CBIL and CLIP, widest gap first
Country	More in CBILMore in CLIP	Gap	CBIL	CLIP
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

CBIL53.0%
CLIP55.8%

Securities held

CBIL23
CLIP27

Asset class

CBIL: Equity
CLIP: Cash

Holdings

Only in CBIL23
In both0
Only in CLIP27

Only in CBIL

23 securities, 100% of CBIL by weight

United States Treasury Bill 03/18/20277.30%
United States Treasury Bill 02/18/20277.10%
United States Treasury Bill 04/15/20276.87%
United States Treasury Bill 02/25/20274.56%
United States Treasury Bill 03/04/20274.56%
United States Treasury Bill 03/25/20274.55%
United States Treasury Bill 04/08/20274.53%
United States Treasury Bill 04/22/20274.52%
United States Treasury Bill 04/29/20274.52%
United States Treasury Bill 04/01/20274.52%
United States Treasury Bill 02/11/20274.50%
United States Treasury Bill 03/11/20274.47%
United States Treasury Bill 02/04/20274.38%
United States Treasury Bill 02/23/20274.17%
United States Treasury Bill 02/09/20274.11%
United States Treasury Bill 02/16/20274.06%
United States Treasury Bill 02/02/20273.98%
United States Treasury Bill 08/05/20272.95%
United States Treasury Bill 09/02/20272.93%
United States Treasury Bill 07/08/20272.93%
United States Treasury Bill 09/30/20272.92%
United States Treasury Bill 05/13/20272.78%
United States Treasury Bill 06/10/20272.76%

Only in CLIP

27 securities, 100% of CLIP by weight

B 12/17/26 (BWRXMP4)7.45%
B 12/03/26 (BW61LR4)7.07%
B 12/24/26 (BSSBJ36)6.41%
B 12/01/26 (BRJJ0F1)6.17%
B 01/07/27 (BTCLH46)5.72%
B 12/31/26 (BNVVYP5)5.09%
B 12/10/26 (BXM7C47)4.97%
B 01/21/27 (BV2FL73)4.85%
B 11/10/26 (BXM1HG6)4.06%
B 12/08/26 (BX7WM14)4.01%
B 11/12/26 (BT9R101)3.99%
B 11/05/26 (BNZJKH9)3.96%
B 12/29/26 (BV8CZK9)3.87%
B 11/19/26 (BVSVZ28)3.83%
B 11/17/26 (BRCDQ07)3.55%
B 11/24/26 (C04JZH3)3.35%
B 11/27/26 (BVPJDQ5)3.31%
B 12/22/26 (BVSPGV6)3.24%
B 12/15/26 (BV88875)3.09%
B 01/26/27 (C0FRT41)2.96%
B 01/28/27 (BXW2BR8)2.96%
B 02/04/27 (BXL2GW9)2.53%
B 01/14/27 (BTMT4S3)2.24%
B 01/19/27 (C0C06G4)2.11%
B 01/05/27 (BQZCL87)1.06%
B 02/02/27 (C0JZ264)1.06%
B 02/09/27 (C05DTR2)1.05%

Weight gaps

CBIL and CLIP share no securities.

All 24 CBIL holdings⁠All 27 CLIP holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CBIL vs CLIP Cost

Overpaying CLIP vs CBIL

$420

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

CBIL 0.05%
$1,060
CLIP 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

CBIL 0.05%
CLIP 0.07%
Overpaying

Year by year

Year	CBIL	CLIP	Overpaying
10	$92	$128	$36
20	$360	$503	$143
30	$1,060	$1,480	$420

Expense ratio

0.05%CBIL, cheaper
0.07%CLIP

CBIL0.05%CLIP0.07%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

CBIL 3rd cheapest of 78 funds

CLIP 8th cheapest of 78 funds

CBIL vs CLIP Dividends

Last 12 months to Nov 4, 2026

Yield (12M): CBIL No data; CLIP 3.73%
Payout (12M): CBIL No data; CLIP $3.73
Last payment: CBIL $0.06; CLIP $0.33
Ex-dividend: CBIL Oct 30, 2026; CLIP Nov 2, 2026
Paid on: CBIL Nov 2, 2026; CLIP Pays Nov 5, 2026
Frequency: CBIL Monthly; CLIP Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CBILMonthly · 5 paymentsAll CBIL payments⁠

CLIPMonthly · 41 paymentsAll CLIP payments⁠

CBIL vs CLIP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CBIL No dataCLIP 0.2%
Return per unit of riskSharpe ratio, 3 years: CBIL No dataCLIP −0.51
Worst fallMax drawdown, 5 years: CBIL No dataCLIP −0.1%since Jun 2023
Market sensitivityBeta, 5 years: CBIL −0.37CLIP 0.01; Market = 1

CBIL and CLIP in the news

All news⁠

Best ETFs
T-bill ETFs: Vanguard’s VBIL undercuts SGOV, BIL and CLIP at 0.06%
Updated Nov 2, 2026CLIP

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CBIL vs CLIP

In short

Stated mandate

Why people hold it

Worth knowing

How CBIL and CLIP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CBIL

Only in CLIP

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

T-bill ETFs: Vanguard’s VBIL undercuts SGOV, BIL and CLIP at 0.06%

How CBIL and CLIP differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CBIL

Only in CLIP

Weight gaps