Skip to content
etf.net

CLIP vs HBIL

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

HARBOR SHORT TERM TREASURY ETF

HBIL—NYSE Arca

Overlap

Expense ratio

CLIP −0.03pt a year

CLIP0.07%HBIL0.10%

Avg volume · 30D

CLIP 10.7×the volume

CLIP285KHBIL26.6K

CLIP vs HBIL Performance

Sep 30, 2026 – Oct 30, 2026

+0.4%CLIP+0.4%HBIL

Sep 30, 2026 to Oct 30, 2026. CLIP +0.4%. HBIL +0.4%. Use the arrow keys to read each point.0%0.1%0.2%Sep 30Oct 15Oct 30
Expense ratio
CLIP 0.07%, better
HBIL 0.10%
Fund size
CLIP $2.35B
HBIL $6M
1Y total return
CLIP +3.8%
HBIL No data
Yield (12M)
CLIP 3.72%
HBIL No data
Holdings
CLIP 26
HBIL 1
Avg volume (30D)
CLIP 285K sh, better
HBIL 26.6K sh
NAV per share
CLIP $100.38
HBIL $20.08
52W range

ETF.net Grade

  • —HBILNot yet graded
CLIP: Cost 89, Risk 47, Mission 100, Tradability 80, Holdings not scored, Durability 68.
Pillar letters and Scores for CLIP, HBIL, with each pillar’s weight
PillarCLIPHBIL
Cost30% weightA89Not scored
Mission25% weightA100Not scored
Risk15% weightC47Not scored
Tradability15% weightA80Not scored
Holdings10% weightNot scoredNot scored
Durability5% weightB68Not scored

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Cash & Ultra-Short Income⁠

Category · 78 funds
See all 78 ›

CLIP ranks 2nd 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. HBILNot yet graded

Our read on each fund

ETF.net Research

CLIPAGlobal X 1-3 Month T-Bill ETF

HBIL—HARBOR SHORT TERM TREASURY ETF

In short

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.

HBIL No data

Stated mandate

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.

HBIL No data

Why people hold it

  • 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.

HBIL No data

Worth knowing

  • 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.

HBIL No data

Full CLIP profile⁠

Full HBIL profile⁠

CLIP vs HBIL 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.

CLIP vs HBIL Cost

Overpaying HBIL vs CLIP

$626

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

  • CLIP 0.07%

    $1,480

  • HBIL 0.10%

    $2,106

$10,000
30 years

Cost over time

  • CLIP 0.07%
  • HBIL 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530HBIL $2,106CLIP $1,480

Year by year

YearCLIPHBILOverpaying
10$128$183$55
20$503$717$214
30$1,480$2,106$626

Expense ratio

  • 0.07%CLIP, cheaper
  • 0.10%HBIL
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

CLIP 8th cheapest of 78 funds

HBIL 13th cheapest of 78 funds

CLIP vs HBIL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CLIP 3.72%
HBIL No data
Payout (12M)
CLIP $3.74
HBIL No data
Last payment
CLIP $0.31
HBIL $0.07
Ex-dividend
CLIP Oct 1, 2026
HBIL Oct 1, 2026
Paid on
CLIP Oct 6, 2026
HBIL Oct 6, 2026
Frequency
CLIP Monthly
HBIL Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

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
HBILMonthly · 2 paymentsAll HBIL payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 1, 2026 $0.02; Oct 1, 2026 $0.07. Use the arrow keys to read each point.$0$0.5020232026YTD

CLIP vs HBIL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
CLIP 0.2%HBIL No data
Return per unit of riskSharpe ratio, 3 years
CLIP −0.51HBIL No data
Worst fallMax drawdown, 5 years
CLIP −0.1%since Jun 2023HBIL No data
Market sensitivityBeta, 5 years
CLIP 0.01HBIL 0.00

CLIP and HBIL in the news

All news⁠

Popular comparisons

  • 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.

  • HBIL—vsICSHA

    HARBOR SHORT TERM TREASURY ETF · iShares Ultra Short Duration Bond Active ETF

    Expense ratio
    0.10% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • 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.

  • HBIL—vsVUSBA

    HARBOR SHORT TERM TREASURY ETF · Vanguard Ultra-Short Bond ETF

    Expense ratio
    0.10% · 0.10%
    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.

  • HBIL—vsTBLLA

    HARBOR SHORT TERM TREASURY ETF · Invesco Short Term Treasury ETF

    Expense ratio
    0.10% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.