CLIP vs MINT: Grades, Fees and Holdings Compared

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

PIMCO Enhanced Short Maturity Active Exchange-Traded Fund

MINTBNYSE Arca

Overlap

0.0%by weight

Expense ratio

CLIP −0.29pt a year

CLIP0.07%MINT0.36%

Avg volume · 30D

MINT 6.6×the volume

CLIP285KMINT1.89M

3Y return · a year

MINT +0.5pt

CLIP+4.5%MINT+5.0%

CLIP vs MINT Performance

Oct 31, 2025 – Oct 30, 2026

+3.8%CLIP+4.2%MINT

Expense ratio: CLIP 0.07%, better; MINT 0.36%
Fund size: CLIP $2.35B; MINT $18.3B
1Y total return: CLIP +3.8%; MINT +4.2%, better
Yield (12M): CLIP 3.72%; MINT 4.08%, better
Holdings: CLIP 26; MINT 1076
Avg volume (30D): CLIP 285K sh; MINT 1.89M sh, better
NAV per share: CLIP $100.38; MINT $100.70
52W range

ETF.net Grade

Pillar letters and Scores for CLIP, MINT, with each pillar’s weight
Pillar	CLIP	MINT
Cost30% weight	A89Higher	F6
Mission25% weight	A100	A100
Risk15% weight	C47	B61Higher
Tradability15% weight	A80	A80
Holdings10% weight	Not scored	A91
Durability5% weight	B68	A88Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. CLIP and MINT 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 MINT 36th 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
Rank 36BFTSMFirst Trust Enhanced Short Maturity ETFScore 61
Rank 36BMINTPIMCO Enhanced Short Maturity Active Exchange-Traded FundScore 61
Rank 36BVNLAJanus Henderson Short Duration Income ETFScore 61

Our read on each fund

ETF.net Research

CLIPAGlobal X 1-3 Month T-Bill ETF

MINTBPIMCO Enhanced Short Maturity Active Exchange-Traded Fund

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.

MINT PIMCO's parking spot for cash, running since 2009: an active ultra-short bond portfolio of roughly 800 positions built around current income, capital preservation and daily liquidity, paying out monthly.

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.

MINT The Fund seeks maximum current income while emphasizing capital preservation and daily liquidity and applying PIMCO’s ESG investment strategy.

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.

MINT Trading since 2009 and now a multi-billion-dollar fund that changes hands actively, it sits in the upper half of its cash-alternative peer group on execution and portfolio quality.
The mandate is plain: maximum current income while emphasizing capital preservation and daily liquidity. Fully active, so managers can shift as short-rate conditions change instead of tracking an index.
About 800 positions, so no single issuer sets the tone. Income is distributed monthly.

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.

MINT At 0.36%, it costs more than the 0.20% cash-alternative median and well above ICSH (0.08%) and JPST (0.18%). Active management is what the extra buys.
The stated objective folds in PIMCO's ESG investment strategy, which narrows the eligible issuer pool versus a plain ultra-short mandate.
A 1940 Act fund holding short-maturity bonds, not a bank deposit: the share price moves and principal isn't insured.

Full CLIP profile⁠

Full MINT profile⁠

CLIP vs MINT Holdings

As of Oct 13, 2026

How CLIP and MINT differ

Overlap by weight

0.0%

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

Level by level

Asset classCash, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile75.8%

Sector

No Sector split for CLIP and MINT.

Country, concentration and asset class

Country by domicile

Country weights in CLIP and MINT, widest gap first
Country	More in CLIPMore in MINT	CLIP	MINT
United States	CLIP +24.2 points	100.0%	75.8%
Canada	MINT +7.1 points	0.0%	7.1%
United Kingdom	MINT +5.2 points	0.0%	5.2%
Japan	MINT +4.1 points	0.0%	4.1%
Spain	MINT +1.6 points	0.0%	1.6%
France	MINT +1.4 points	0.0%	1.4%
Cayman Islands	MINT +1.2 points	0.0%	1.2%
Ireland	MINT +1.0 points	0.0%	1.0%
Other countries (10)	MINT +2.7 points	0.0%	2.7%

Concentration

Weight in the 10 largest Holdings

CLIP63.8%
MINT9.2%

Securities held

CLIP26
MINT1,074

Asset class

CLIP: Cash
MINT: Fixed Income

Holdings

Only in CLIP26
In both0
Only in MINT1,074

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 MINT

1,074 securities, 100% of MINT by weight

Us Treasury N/B 06/31 4.125 4.13% 06/30/20311.32%
Bank of Montreal Sr Unsecured 09/28 Var 4.46% 09/15/20281.12%
Hsbc Holdings PLC Sr Unsecured 06/28 Var 4.76% 06/09/20280.97%
Hca Inc Disc Coml Paper 4.27% 11/10/20260.94%
Fannie Mae Fnr 2025 18 Fm 4.79% 09/25/20540.94%
Bank of America Corp Sr Unsecured 07/28 Var 4.95% 07/22/20280.88%
Freddie Mac Fhr 5513 Mf 4.83% 11/25/20540.83%
Synchrony Bank Sr Unsecured 08/27 5.625 5.63% 08/23/20270.80%
At+t Inc Sr Unsecured 08/28 Var 4.43% 08/10/20280.72%
Aes Corp Disc Coml Paper 11/26 Zcp 4.46% 11/13/20260.71%
Boeing Co Sr Unsecured 05/27 5.04 5.04% 05/01/20270.68%
Telefonica Emisiones Sau Company Guar 03/27 4.103 4.10% 03/08/20270.67%
Trillium Credit Card Trust Ii Tcct 2026 1A A 144A 4.48% 03/26/20310.64%
Corebridge Financial Inc Sr Unsecured 04/27 3.65 3.65% 04/05/20270.64%
Southwest Airlines Co Sr Unsecured 06/27 5.125 5.13% 06/15/20270.62%
Cheniere Corp Christi Hd Sr Secured 06/27 5.125 5.13% 06/30/20270.62%
Global Pmts Inc 4.35% 11/02/20260.59%
Freddie Mac Fhr 5692 Kf 4.94% 07/25/20560.58%
Deutsche Bank Ny 01/28 Var 2.55% 01/07/20280.58%
Pacific Gas & Electric 1ST Mortgage 08/27 2.1 2.10% 08/01/20270.58%
Mizuho Bank Ltd Mizuho Bank Ltd 4.55% 10/30/20280.58%
Deutsche Bank Ny 11/27 Var 2.31% 11/16/20270.56%
Sba Communications Corp Sr Unsecured 02/27 3.875 3.88% 02/15/20270.56%
Hca Inc Disc Coml Paper 4.27% 11/09/20260.55%
Firstenergy Corp Sr Unsecured 07/27 3.9 3.90% 07/15/20270.54%
Freddie Mac Fhr 5672 Fa 4.84% 06/25/20560.51%
Mercedes Benz Fin Na Company Guar 144A 08/28 Var 4.41% 08/04/20280.51%
Citigroup Inc Sr Unsecured 02/28 Var 3.07% 02/24/20280.50%
Bat Capital Corp Company Guar 08/27 3.557 3.56% 08/15/20270.49%
Energy Transfer Lp Sr Unsecured 06/27 5.5 5.50% 06/01/20270.48%
Evergreen Credit Card Trust Evgrn 2025 1A A 144A 4.47% 10/15/20290.48%
Keurig Dr Pepper 4.35% 11/13/20260.48%
Reckitt Benckiser Tsy Company Guar 144A 06/27 3 3.00% 06/26/20270.46%
Wells Fargo & Company Sr Unsecured 05/28 Var 3.58% 05/22/20280.46%
American Honda Finance Sr Unsecured 08/27 Var 4.51% 08/13/20270.46%
Barclays PLC Sr Unsecured 11/27 Var 2.28% 11/24/20270.45%
JPMorgan Chase & Co Sr Unsecured 04/28 Var 4.32% 04/26/20280.45%
Sempra Sr Unsecured 01/28 Var 4.56% 01/07/20280.45%
Williams Companies Inc Sr Unsecured 06/27 3.75 3.75% 06/15/20270.42%
Saudi International Bond Sr Unsecured Regs 01/28 5.125 5.13% 01/13/20280.42%
Constellation En Gen Llc Sr Unsecured 01/28 Var 4.49% 01/08/20280.41%
Telus Corp Sr Unsecured 02/27 2.8 2.80% 02/16/20270.40%
Nomura Holdings Inc Sr Unsecured 07/27 5.594 5.59% 07/02/20270.40%
Morgan Stanley Sr Unsecured 04/28 Var 4.21% 04/20/20280.38%
Toronto Dominion Bank Sr Unsecured 01/28 Var 4.47% 01/13/20280.38%
Freddie Mac Fhr 5686 Fd 4.64% 08/25/20560.38%
Rogers Communications In Company Guar 03/27 3.2 3.20% 03/15/20270.38%
Morgan Stanley Pvt Bank Sr Unsecured 07/28 Var 4.67% 07/06/20280.38%
Jti Finl Svcs North Amer Llc 12/26 Zcp 4.36% 12/01/20260.37%
Freddie Mac Fhr 5528 Fa 4.76% 04/25/20550.37%

Weight gaps

CLIP and MINT share no securities.

All 27 CLIP holdings⁠All 811 MINT 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 MINT Cost

Overpaying MINT vs CLIP

$5,840

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

CLIP 0.07%
$1,480
MINT 0.36%
$7,320

Amount$10,000

Years30 years

Cost over time

CLIP 0.07%
MINT 0.36%
Overpaying

Year by year

Year	CLIP	MINT	Overpaying
10	$128	$652	$524
20	$503	$2,522	$2,019
30	$1,480	$7,320	$5,840

Expense ratio

0.07%CLIP, cheaper
0.36%MINT

CLIP0.07%MINT0.36%

0.03%1.00%

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

CLIP 8th cheapest of 78 funds

MINT 74th cheapest of 78 funds

CLIP vs MINT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CLIP 3.72%; MINT 4.08%, better
Payout (12M): CLIP $3.74; MINT $4.11
Last payment: CLIP $0.31; MINT $0.33
Ex-dividend: CLIP Oct 1, 2026; MINT Oct 1, 2026
Paid on: CLIP Oct 6, 2026; MINT Oct 5, 2026
Frequency: CLIP Monthly; MINT Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CLIPMonthly · 40 paymentsAll CLIP payments⁠

MINTMonthly · 45 paymentsAll MINT payments⁠

CLIP vs MINT 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%, betterMINT 0.4%
Return per unit of riskSharpe ratio, 3 years: CLIP −0.51MINT 1.69, better
Worst fallMax drawdown, 5 years: CLIP −0.1%since Jun 2023MINT −2.3%
Market sensitivityBeta, 5 years: CLIP 0.01MINT 0.02; Market = 1

CLIP and MINT in the news

All news⁠

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

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CLIP vs MINT

In short

Stated mandate

Why people hold it

Worth knowing

How CLIP and MINT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CLIP

Only in MINT

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 CLIP and MINT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CLIP

Only in MINT

Weight gaps