CLIP vs SGVA: Grades, Fees and Holdings Compared

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

F/m Accumulator Ultrashort Treasury Fund

SGVADNasdaq

Overlap

0.0%by weight

Expense ratio

CLIP −0.15pt a year

CLIP0.07%SGVA0.22%

Avg volume · 30D

CLIP 7.2×the volume

CLIP291KSGVA40.5K

CLIP vs SGVA Performance

Aug 4, 2026 – Nov 4, 2026

+1.0%CLIP+0.9%SGVA

Expense ratio: CLIP 0.07%, better; SGVA 0.22%
Fund size: CLIP $2.35B; SGVA $255M
1Y total return: CLIP +3.8%; SGVA No data
Yield (12M): CLIP 3.73%; SGVA No data
Holdings: CLIP 28; SGVA 2
Avg volume (30D): CLIP 291K sh, better; SGVA 40.5K sh
NAV per share: CLIP $100.08; SGVA $101.41
52W range

ETF.net Grade

Pillar letters and Scores for CLIP, SGVA, with each pillar’s weight
Pillar	CLIP	SGVA
Cost30% weight	A89Higher	D28
Mission25% weight	A100	Not scored
Risk15% weight	C47Higher	D38
Tradability15% weight	A79Higher	B62
Holdings10% weight	Not scored	F20
Durability5% weight	B68Higher	D28

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. CLIP and SGVA 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 SGVA 73rd 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 72DRMMERareview Government Money Market ETFScore 36
Rank 73DSGVAF/m Accumulator Ultrashort Treasury FundScore 35
Rank 74DGCSHGuggenheim Ultra Short Income ETFScore 31

Our read on each fund

ETF.net Research

CLIPAGlobal X 1-3 Month T-Bill ETF

SGVADF/m Accumulator Ultrashort Treasury 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.

SGVA 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.

SGVA 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.

SGVA 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.

SGVA No data

Full CLIP profile⁠

Full SGVA profile⁠

CLIP vs SGVA Holdings

How CLIP and SGVA differ

Overlap by weight

0.0%

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

Level by level

Asset classCash, Fixed Income0.0%
Holdings0 in both0.0%
Countryby domicile100%

Sector

No Sector split for SGVA.

Country, concentration and asset class

Country by domicile

Country weights in CLIP and SGVA, widest gap first
Country	More in CLIPMore in SGVA	Gap	CLIP	SGVA
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

CLIP55.8%
SGVA100.0%

Securities held

CLIP27
SGVA1

Asset class

CLIP: Cash
SGVA: Fixed Income

Holdings

Only in CLIP27
In both0
Only in SGVA1

Only in CLIP

27 securities, 100% of CLIP by weight

B 12/17/26 (BWRXMP4)7.45%
B 12/03/26 (BW61LR4)7.07%
B 12/24/26 (BSSBJ36)6.41%
B 12/01/26 (BRJJ0F1)6.17%
B 01/07/27 (BTCLH46)5.72%
B 12/31/26 (BNVVYP5)5.09%
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 02/04/27 (BXL2GW9)2.53%
B 01/14/27 (BTMT4S3)2.24%
B 01/19/27 (C0C06G4)2.11%
B 01/05/27 (BQZCL87)1.06%
B 02/02/27 (C0JZ264)1.06%
B 02/09/27 (C05DTR2)1.05%

Only in SGVA

1 security, 100% of SGVA by weight

Invesco Short Term Treasury ETF100.00%

Weight gaps

CLIP and SGVA share no securities.

All 27 CLIP holdings⁠All 2 SGVA 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 SGVA Cost

Overpaying SGVA vs CLIP

$3,078

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

CLIP 0.07%
$1,480
SGVA 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

CLIP 0.07%
SGVA 0.22%
Overpaying

Year by year

Year	CLIP	SGVA	Overpaying
10	$128	$401	$273
20	$503	$1,561	$1,058
30	$1,480	$4,558	$3,078

Expense ratio

0.07%CLIP, cheaper
0.22%SGVA

CLIP0.07%SGVA0.22%

0.03%1.00%

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

CLIP 8th cheapest of 78 funds

SGVA 56th cheapest of 78 funds

CLIP vs SGVA Dividends

Last 12 months to Nov 4, 2026

Yield (12M): CLIP 3.73%; SGVA No data
Payout (12M): CLIP $3.73; SGVA None
Last payment: CLIP $0.33; SGVA No data
Ex-dividend: CLIP Nov 2, 2026; SGVA No data
Paid on: CLIP Pays Nov 5, 2026; SGVA No data
Frequency: CLIP Monthly; SGVA No data

Distribution history

Per share, 2023 to 2026, same scale for both

CLIPMonthly · 41 paymentsAll CLIP payments⁠

SGVAAll SGVA payments⁠

No distribution history available.

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

CLIP and SGVA 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 SGVA

In short

Stated mandate

Why people hold it

Worth knowing

How CLIP and SGVA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in CLIP

Only in SGVA

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%