CLIP vs LBOX: Grades, Fees and Holdings Compared

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

GraniteShares Short Term Box ETF

LBOX—Cboe

Overlap

0.0%by weight

Expense ratio

CLIP −0.06pt a year

CLIP0.07%LBOX0.13%

Avg volume · 30D

CLIP 73.7×the volume

CLIP285KLBOX3.87K

CLIP vs LBOX Performance

Sep 30, 2026 – Oct 30, 2026

+0.4%CLIP+0.4%LBOX

Expense ratio: CLIP 0.07%, better; LBOX 0.13%
Fund size: CLIP $2.35B; LBOX $3M
1Y total return: CLIP +3.8%; LBOX No data
Yield (12M): CLIP 3.72%; LBOX No data
Holdings: CLIP 26; LBOX 3
Avg volume (30D): CLIP 285K sh, better; LBOX 3.87K sh
NAV per share: CLIP $100.38; LBOX $25.19
52W range

ETF.net Grade

—LBOXNot yet graded

Pillar letters and Scores for CLIP, LBOX, with each pillar’s weight
Pillar	CLIP	LBOX
Cost30% weight	A89	Not scored
Mission25% weight	A100	Not scored
Risk15% weight	C47	Not scored
Tradability15% weight	A80	Not scored
Holdings10% weight	Not scored	Not scored
Durability5% weight	B68	Not 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.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
LBOXNot yet graded

Our read on each fund

ETF.net Research

CLIPAGlobal X 1-3 Month T-Bill ETF

LBOX—GraniteShares Short Term Box 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.

LBOX 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.

LBOX 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.

LBOX 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.

LBOX No data

Full CLIP profile⁠

Full LBOX profile⁠

CLIP vs LBOX Holdings

As of Oct 13, 2026

How CLIP and LBOX differ

Overlap by weight

0.0%

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

Level by level

Asset classCash, Equity0.0%
Holdings0 in both0.0%
Countryby domicile99.5%

Sector

No Sector split for CLIP.

Country, concentration and asset class

Country by domicile

Country weights in CLIP and LBOX, widest gap first
Country	More in CLIPMore in LBOX	CLIP	LBOX
United States	CLIP +0.5 points	100.0%	99.5%
Switzerland	LBOX +0.3 points	0.0%	0.3%
China	LBOX +0.1 points	0.0%	0.1%
Mexico	LBOX +0.1 points	0.0%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

CLIP63.8%
LBOX100.0%

Securities held

CLIP26
LBOX2

Asset class

CLIP: Cash
LBOX: Equity

Holdings

Only in CLIP26
In both0
Only in LBOX2

Only in CLIP

26 securities, 100% of CLIP by weight

B 11/19/26 (BVSVZ28)8.23%
B 11/27/26 (BVPJDQ5)7.53%
B 11/12/26 (BT9R101)7.40%
B 12/03/26 (BW61LR4)7.04%
B 11/05/26 (BNZJKH9)6.95%
B 12/17/26 (BWRXMP4)6.37%
B 11/03/26 (BQGF9D6)5.67%
B 12/01/26 (BRJJ0F1)5.11%
B 12/31/26 (BNVVYP5)5.09%
B 11/24/26 (C04JZH3)4.42%
B 11/17/26 (BRCDQ07)4.31%
B 12/24/26 (BSSBJ36)4.26%
B 11/10/26 (BXM1HG6)4.03%
B 12/08/26 (BX7WM14)4.01%
Other Payable & Receivables3.27%
B 10/20/26 (BWM2X64)3.04%
B 10/29/26 (BV3PBJ4)2.99%
B 10/22/26 (BW5RJY6)2.96%
B 10/27/26 (BVSRRW0)2.55%
B 01/07/27 (BTCLH46)2.54%
B 12/10/26 (BXM7C47)2.38%
B 10/15/26 (BTWQYX9)2.03%
B 01/05/27 (BQZCL87)1.06%
B 12/15/26 (BV88875)0.02%
B 12/22/26 (BVSPGV6)0.02%
B 12/29/26 (BV8CZK9)0.02%

Only in LBOX

2 securities, 99.0% of LBOX by weight

2SPY 11/20/2026 C500.0053.73%
2SPY 11/20/2026 P1000.0045.24%

Weight gaps

CLIP and LBOX share no securities.

All 27 CLIP holdings⁠All LBOX 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.

CLIP vs LBOX Cost

Overpaying LBOX vs CLIP

$1,347

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

CLIP 0.07%
$1,480
LBOX 0.1349%
$2,827

Amount$10,000

Years30 years

Cost over time

CLIP 0.07%
LBOX 0.1349%
Overpaying

Year by year

Year	CLIP	LBOX	Overpaying
10	$128	$247	$119
20	$503	$964	$461
30	$1,480	$2,827	$1,347

Expense ratio

0.07%CLIP, cheaper
0.13%LBOX

CLIP0.07%LBOX0.13%

0.03%1.00%

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

CLIP 8th cheapest of 78 funds

LBOX 17th cheapest of 78 funds

CLIP vs LBOX Dividends

Last 12 months to Oct 30, 2026

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

Distribution history

Per share, 2023 to 2026, same scale for both

CLIPMonthly · 40 paymentsAll CLIP payments⁠

LBOXAll LBOX payments⁠

No distribution history available.

CLIP vs LBOX 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%LBOX No data
Return per unit of riskSharpe ratio, 3 years: CLIP −0.51LBOX No data
Worst fallMax drawdown, 5 years: CLIP −0.1%since Jun 2023LBOX No data
Market sensitivityBeta, 5 years: CLIP 0.01LBOX 0.00; Market = 1

CLIP and LBOX 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

Popular comparisons

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CLIPAvsTBLLA
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CLIP vs LBOX

In short

Stated mandate

Why people hold it

Worth knowing

How CLIP and LBOX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CLIP

Only in LBOX

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%