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CBOX vs CLIP

Calamos Tax-Aware Collateral ETF

CBOXCCboe

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

Overlap

Expense ratio

CLIP −0.12pt a year

CBOX0.19%CLIP0.07%

Avg volume · 30D

CLIP 3.2×the volume

CBOX88.4KCLIP285K

CBOX vs CLIP Performance

Jul 31, 2026 – Oct 30, 2026

+1.1%CBOX+0.9%CLIP

Jul 31, 2026 to Oct 30, 2026. CBOX +1.1%. CLIP +0.9%. Use the arrow keys to read each point.0%0.2%0.4%0.6%0.8%Jul 2026Sep 2026Oct 2026
Expense ratio
CBOX 0.19%
CLIP 0.07%, better
Fund size
CBOX $1.8B
CLIP $2.35B
1Y total return
CBOX No data
CLIP +3.8%
Yield (12M)
CBOX No data
CLIP 3.72%
Holdings
CBOX 2
CLIP 26
Avg volume (30D)
CBOX 88.4K sh
CLIP 285K sh, better
NAV per share
CBOX $102.15
CLIP $100.38
52W range

ETF.net Grade

CBOX: Cost 38, Risk 52, Mission not scored, Tradability 46, Holdings 24, Durability 42. CLIP: Cost 89, Risk 47, Mission 100, Tradability 80, Holdings not scored, Durability 68.
Pillar letters and Scores for CBOX, CLIP, with each pillar’s weight
PillarCBOXCLIP
Cost30% weightD38A89Higher
Mission25% weightNot scoredA100
Risk15% weightC52HigherC47
Tradability15% weightC46A80Higher
Holdings10% weightF24Not scored
Durability5% weightC42B68Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CBOX 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 CBOX 67th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  4. Rank 66CXBOXRoundhill Box Spread ETFScore 42
  5. Rank 67CCBOXCalamos Tax-Aware Collateral ETFScore 40
  6. Rank 67CCMBOWayfinder Dynamic U.S. Interest Rate ETFScore 40

Our read on each fund

ETF.net Research

CBOXCCalamos Tax-Aware Collateral ETF

CLIPAGlobal X 1-3 Month T-Bill ETF

In short

CBOX 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

CBOX 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

CBOX 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

CBOX 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 CBOX profile⁠

Full CLIP profile⁠

CBOX vs CLIP Holdings

As of
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.

CBOX vs CLIP Cost

Overpaying CBOX vs CLIP

$2,472

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

  • CBOX 0.19%

    $3,952

  • CLIP 0.07%

    $1,480

$10,000
30 years

Cost over time

  • CBOX 0.19%
  • CLIP 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530CBOX $3,952CLIP $1,480

Year by year

YearCBOXCLIPOverpaying
10$347$128$219
20$1,351$503$848
30$3,952$1,480$2,472

Expense ratio

  • 0.19%CBOX
  • 0.07%CLIP, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

CLIP 8th cheapest of 78 funds

CBOX 42nd cheapest of 78 funds

CBOX vs CLIP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CBOX No data
CLIP 3.72%
Payout (12M)
CBOX None
CLIP $3.74
Last payment
CBOX No data
CLIP $0.31
Ex-dividend
CBOX No data
CLIP Oct 1, 2026
Paid on
CBOX No data
CLIP Oct 6, 2026
Frequency
CBOX No data
CLIP Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CBOXAll CBOX payments⁠

No distribution history available.

CLIPMonthly · 40 paymentsAll CLIP payments⁠
One bar per payment. 40 payments from 2023 to 2026 YTD. Jul 6, 2023 $0.05; Aug 3, 2023 $0.44; Sep 6, 2023 $0.49; Oct 4, 2023 $0.44; Nov 3, 2023 $0.45; Dec 5, 2023 $0.45; Dec 28, 2023 $0.44; Feb 5, 2024 $0.45; Mar 5, 2024 $0.44; Apr 3, 2024 $0.44; May 3, 2024 $0.44; Jun 5, 2024 $0.44; Jul 3, 2024 $0.44; Aug 5, 2024 $0.44; Sep 5, 2024 $0.44; Oct 3, 2024 $0.42; Nov 5, 2024 $0.40; Dec 4, 2024 $0.38; Dec 30, 2024 $0.38; Feb 3, 2025 $0.36; Mar 3, 2025 $0.35; Apr 1, 2025 $0.35; May 1, 2025 $0.35; Jun 2, 2025 $0.35; Jul 1, 2025 $0.35; Aug 1, 2025 $0.35; Sep 2, 2025 $0.36; Oct 1, 2025 $0.35; Nov 3, 2025 $0.34; Dec 1, 2025 $0.33; Dec 30, 2025 $0.31; Feb 2, 2026 $0.31; Mar 2, 2026 $0.30; Apr 1, 2026 $0.31; May 1, 2026 $0.30; Jun 1, 2026 $0.30; Jul 1, 2026 $0.30; Aug 3, 2026 $0.31; Sep 1, 2026 $0.31; Oct 1, 2026 $0.31. Use the arrow keys to read each point.$0$0.5020232026YTD

CBOX vs CLIP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CBOX No dataCLIP 0.2%
Return per unit of riskSharpe ratio, 3 years
CBOX No dataCLIP −0.51
Worst fallMax drawdown, 5 years
CBOX No dataCLIP −0.1%since Jun 2023
Market sensitivityBeta, 5 years
CBOX −0.0005CLIP 0.01

CBOX and CLIP in the news

All news⁠

Popular comparisons

  • CBOXCvsICSHA

    Calamos Tax-Aware Collateral ETF · iShares Ultra Short Duration Bond Active ETF

    Expense ratio
    0.19% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLIPAvsICSHA

    Global X 1-3 Month T-Bill ETF · iShares Ultra Short Duration Bond Active ETF

    Expense ratio
    0.07% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CBOXCvsVUSBA

    Calamos Tax-Aware Collateral ETF · Vanguard Ultra-Short Bond ETF

    Expense ratio
    0.19% · 0.10%
    Category
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  • CLIPAvsVUSBA

    Global X 1-3 Month T-Bill ETF · Vanguard Ultra-Short Bond ETF

    Expense ratio
    0.07% · 0.10%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CBOXCvsTBLLA

    Calamos Tax-Aware Collateral ETF · Invesco Short Term Treasury ETF

    Expense ratio
    0.19% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • CLIPAvsTBLLA

    Global X 1-3 Month T-Bill ETF · Invesco Short Term Treasury ETF

    Expense ratio
    0.07% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.