CLIP vs SCUB: Grades, Fees and Holdings Compared

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

Sterling Capital Ultra Short Duration Bond Etf

SCUBCCboe

Overlap

0.0%by weight

Expense ratio

CLIP −0.23pt a year

CLIP0.07%SCUB0.30%

Avg volume · 30D

CLIP 68.6×the volume

CLIP285KSCUB4.16K

CLIP vs SCUB Performance

Jul 31, 2026 – Nov 2, 2026

+0.9%CLIP+0.6%SCUB

Expense ratio: CLIP 0.07%, better; SCUB 0.30%
Fund size: CLIP $2.35B; SCUB $29M
1Y total return: CLIP +3.8%; SCUB No data
Yield (12M): CLIP 4.06%; SCUB No data
Holdings: CLIP 28; SCUB 147
Avg volume (30D): CLIP 285K sh, better; SCUB 4.16K sh
NAV per share: CLIP $100.38; SCUB $25.00
52W range

ETF.net Grade

Pillar letters and Scores for CLIP, SCUB, with each pillar’s weight
Pillar	CLIP	SCUB
Cost30% weight	A89Higher	F10
Mission25% weight	A100	A100
Risk15% weight	C47	B59Higher
Tradability15% weight	A79Higher	F8
Holdings10% weight	Not scored	A72
Durability5% weight	B68Higher	F15

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. CLIP and SCUB 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 SCUB 64th 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 64CARCMArrow Reserve Capital Management ETFScore 46
Rank 64CSCUBSterling Capital Ultra Short Duration Bond EtfScore 46
Rank 66CXBOXRoundhill Box Spread ETFScore 42

Our read on each fund

ETF.net Research

CLIPAGlobal X 1-3 Month T-Bill ETF

SCUBCSterling Capital Ultra Short Duration Bond 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.

SCUB 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.

SCUB 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.

SCUB 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.

SCUB No data

Full CLIP profile⁠

Full SCUB profile⁠

CLIP vs SCUB Holdings

How CLIP and SCUB differ

Overlap by weight

0.0%

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

Level by level

Asset classCash, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile75.7%

Sector

No Sector split for CLIP and SCUB.

Country, concentration and asset class

Country by domicile

Country weights in CLIP and SCUB, widest gap first
Country	More in CLIPMore in SCUB	CLIP	SCUB
United States	CLIP +24.3 points	100.0%	75.7%
Cayman Islands	SCUB +20.0 points	0.0%	20.0%
United Kingdom	SCUB +3.2 points	0.0%	3.2%
Ireland	SCUB +0.7 points	0.0%	0.7%
Bermuda	SCUB +0.4 points	0.0%	0.4%

Outside the US: SCUB 16% developed, 84% emerging.

Concentration

Weight in the 10 largest Holdings

CLIP55.7%
SCUB15.4%

Securities held

CLIP27
SCUB146

Asset class

CLIP: Cash
SCUB: Fixed Income

Holdings

Only in CLIP27
In both0
Only in SCUB146

Only in CLIP

27 securities, 100% of CLIP by weight

B 12/03/26 (BW61LR4)7.07%
B 12/24/26 (BSSBJ36)6.41%
B 12/17/26 (BWRXMP4)6.38%
B 12/01/26 (BRJJ0F1)6.17%
B 01/07/27 (BTCLH46)5.72%
B 12/31/26 (BNVVYP5)5.08%
B 11/03/26 (BQGF9D6)5.03%
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 01/19/27 (C0C06G4)2.11%
B 01/14/27 (BTMT4S3)2.04%
B 01/05/27 (BQZCL87)1.06%
B 02/02/27 (C0JZ264)1.06%
B 02/09/27 (C05DTR2)1.05%

Only in SCUB

146 securities, 99.9% of SCUB by weight

B 12/15/262.58%
Jef 4.85 01/15/271.73%
BANK5 2023-5YR1 A31.61%
Receivables/Payables1.51%
Mvwot 2023-1A A1.40%
Cfii 2024-1A B1.38%
Sidc 2023-3A A21.35%
Vdc 2020-2A A21.34%
Comm 2017-COR2 A31.30%
Ladar 2024-3A B1.26%
Ubscm 2017-C4 A31.24%
Tcn 2025-SFR1 A1.24%
Bcc 2021-4A A1RR1.21%
Hwire 2021-1 A21.16%
Babsn 2021-2A A1R1.12%
Jnppk 2023-1A Arr1.12%
Agl 2021-16A Ar1.12%
Aesop 2023-5A A1.09%
Hertz 2022-2A A1.02%
Pfsfc 2024-D B1.02%
Bank 2017-BNK7 A51.02%
Rram 2021-17A A1AR1.01%
Bmark 2023-V2 A30.98%
Wfcm 2017-C40 A30.98%
Magne 2019-21A AR20.96%
Mdpk 2020-45A Arr0.93%
Prog 2022-SFR5 A0.93%
Sclp 2025-4 A0.90%
Jpm Float 10/22/280.90%
Navsl 2020-CA A2A0.89%
Bmo 2024-5C3 As0.87%
Trnts 2021-16AR A1R20.87%
Fg 5 7/8 06/10/270.87%
Gsar 2026-4A A20.87%
Nfmot 2025-2A A10.87%
Hesm 5 7/8 03/01/280.86%
Magne 2021-30A Ar0.86%
Babsn 2019-4A Ar0.86%
Pipk 2020-5A A1R0.86%
Zais 2022-18A A1R0.86%
Mdpk 2021-49A Ar0.86%
Drslf 2017-53A Br0.86%
Cof 4.927 05/10/280.86%
Chcoch 5 1/8 06/30/270.86%
Blast 2026-3 A20.86%
Wlake 2026-3A A2A0.86%
Cfg 4.575 08/09/280.86%
Hnor 2026-A A0.86%
Ally 4 3/4 06/09/270.86%
Cslau 3.85 04/27/270.86%

Weight gaps

CLIP and SCUB share no securities.

All 27 CLIP holdings⁠All SCUB 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 SCUB Cost

Overpaying SCUB vs CLIP

$4,669

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

CLIP 0.07%
$1,480
SCUB 0.30%
$6,149

Amount$10,000

Years30 years

Cost over time

CLIP 0.07%
SCUB 0.30%
Overpaying

Year by year

Year	CLIP	SCUB	Overpaying
10	$128	$545	$417
20	$503	$2,113	$1,610
30	$1,480	$6,149	$4,669

Expense ratio

0.07%CLIP, cheaper
0.30%SCUB

CLIP0.07%SCUB0.30%

0.03%1.00%

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

CLIP 8th cheapest of 78 funds

SCUB 69th cheapest of 78 funds

CLIP vs SCUB Dividends

Last 12 months to Nov 2, 2026

Yield (12M): CLIP 4.06%; SCUB No data
Payout (12M): CLIP $4.06; SCUB No data
Last payment: CLIP $0.33; SCUB $0.09
Ex-dividend: CLIP Nov 2, 2026; SCUB Oct 1, 2026
Paid on: CLIP Pays Nov 5, 2026; SCUB Oct 5, 2026
Frequency: CLIP Monthly; SCUB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CLIPMonthly · 41 paymentsAll CLIP payments⁠

SCUBMonthly · 7 paymentsAll SCUB payments⁠

CLIP vs SCUB 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%SCUB No data
Return per unit of riskSharpe ratio, 3 years: CLIP −0.51SCUB No data
Worst fallMax drawdown, 5 years: CLIP −0.1%since Jun 2023SCUB No data
Market sensitivityBeta, 5 years: CLIP 0.01SCUB 0.02; Market = 1

CLIP and SCUB 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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CLIP vs SCUB

In short

Stated mandate

Why people hold it

Worth knowing

How CLIP and SCUB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CLIP

Only in SCUB

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%