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CLIP vs XBOX

Global X 1-3 Month T-Bill ETF

CLIPANYSE Arca

Roundhill Box Spread ETF

XBOXCCboe

Overlap

Expense ratio

CLIP −0.12pt a year

CLIP0.07%XBOX0.19%

Avg volume · 30D

CLIP 4.3×the volume

CLIP285KXBOX66K

CLIP vs XBOX Performance

Jul 31, 2026 – Oct 30, 2026

+0.9%CLIP+1.0%XBOX

Jul 31, 2026 to Oct 30, 2026. CLIP +0.9%. XBOX +1.0%. Use the arrow keys to read each point.0%0.2%0.4%0.6%Jul 2026Sep 2026Oct 2026
Expense ratio
CLIP 0.07%, better
XBOX 0.19%
Fund size
CLIP $2.35B
XBOX $356M
1Y total return
CLIP +3.8%
XBOX No data
Yield (12M)
CLIP 3.72%
XBOX No data
Holdings
CLIP 26
XBOX 4
Avg volume (30D)
CLIP 285K sh, better
XBOX 66K sh
NAV per share
CLIP $100.38
XBOX $101.52
52W range

ETF.net Grade

CLIP: Cost 89, Risk 47, Mission 100, Tradability 80, Holdings not scored, Durability 68. XBOX: Cost 38, Risk 55, Mission not scored, Tradability 44, Holdings 41, Durability 38.
Pillar letters and Scores for CLIP, XBOX, with each pillar’s weight
PillarCLIPXBOX
Cost30% weightA89HigherD38
Mission25% weightA100Not scored
Risk15% weightC47B55Higher
Tradability15% weightA80HigherC44
Holdings10% weightNot scoredC41
Durability5% weightB68HigherD38

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. CLIP and XBOX 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 XBOX 66th 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. Rank 64CSCUBSterling Capital Ultra Short Duration Bond EtfScore 46
  5. Rank 66CXBOXRoundhill Box Spread ETFScore 42
  6. Rank 67CCBOXCalamos Tax-Aware Collateral ETFScore 40

Our read on each fund

ETF.net Research

CLIPAGlobal X 1-3 Month T-Bill ETF

XBOXCRoundhill Box Spread 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.

XBOX 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.

XBOX 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.

XBOX 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.

XBOX No data

Full CLIP profile⁠

Full XBOX profile⁠

CLIP vs XBOX 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 XBOX Cost

Overpaying XBOX vs CLIP

$2,472

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

  • CLIP 0.07%

    $1,480

  • XBOX 0.19%

    $3,952

$10,000
30 years

Cost over time

  • CLIP 0.07%
  • XBOX 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530XBOX $3,952CLIP $1,480

Year by year

YearCLIPXBOXOverpaying
10$128$347$219
20$503$1,351$848
30$1,480$3,952$2,472

Expense ratio

  • 0.07%CLIP, cheaper
  • 0.19%XBOX
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

CLIP 8th cheapest of 78 funds

XBOX 42nd cheapest of 78 funds

CLIP vs XBOX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
CLIP 3.72%
XBOX No data
Payout (12M)
CLIP $3.74
XBOX None
Last payment
CLIP $0.31
XBOX No data
Ex-dividend
CLIP Oct 1, 2026
XBOX No data
Paid on
CLIP Oct 6, 2026
XBOX No data
Frequency
CLIP Monthly
XBOX No data

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
XBOXAll XBOX payments⁠

No distribution history available.

CLIP vs XBOX 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%XBOX No data
Return per unit of riskSharpe ratio, 3 years
CLIP −0.51XBOX No data
Worst fallMax drawdown, 5 years
CLIP −0.1%since Jun 2023XBOX No data
Market sensitivityBeta, 5 years
CLIP 0.01XBOX 0.04

CLIP and XBOX 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.

  • XBOXCvsICSHA

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    Expense ratio
    0.19% · 0.08%
    Category
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  • CLIPAvsVUSBA

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    Expense ratio
    0.07% · 0.10%
    Category
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  • XBOXCvsVUSBA

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    Expense ratio
    0.19% · 0.10%
    Category
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  • 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.

  • XBOXCvsTBLLA

    Roundhill Box Spread ETF · Invesco Short Term Treasury ETF

    Expense ratio
    0.19% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.