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CLIP vs FTSM: Differences, Returns & Fees

CLIP's duration was 0.1 years on May 31, 2026 and FTSM's 0.7 on Jul 31, 2026; CLIP charges 0.07% to FTSM's 0.29%. Net assets: $2.3bn on Oct 12, 2026 for Global X 1-3 Month T-Bill ETF, and $6.7bn on Oct 20, 2026 for First Trust Enhanced Short Maturity ETF.

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Answers cite the figures on this page.

CLIP costs 0.22 points a year less; their one-year returns differ by 0.3 points; FTSM is 2.9 times larger.

CLIP vs FTSM: Differences, Returns & Fees
CLIPFTSM
Expense ratio0.07%0.29%
Net assets, as of Oct 12, 2026$2.3bn$6.7bn
Total return, 1 year+3.7%+3.4%
What it tracksSolactive 1-3 month US T-Bill IndexNo index, actively managed
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+3.7%
CLIP total return, 1 year
+3.4%
FTSM total return, 1 year
0.07%
CLIP expense ratio
0.29%
FTSM expense ratio

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Client brief · page 1 of 2Report BR-C5699BEF5C

CLIP and FTSM are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. CLIP follows Solactive 1-3 month US T-Bill Index and FTSM follows No index, actively managed.
  2. Number of holdings. CLIP holds 25 positions and FTSM holds 740.
  3. Cost. CLIP charges 0.07% of assets a year and FTSM 0.29%, a gap of 0.22 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

CLIP
Global X 1-3 Month T-Bill ETF
FTSM
First Trust Enhanced Short Maturity ETF
Where it sits Bond ETF Bond ETF
Issuer Global X First Trust
What it is Tracks an index Actively managed
Total return, 1 year +3.7% +3.4%
Its benchmark over the same days not measured −1.9% (AGG)
Gap to its benchmark not measured +5.4 pts vs AGG
Expense ratio 0.07% 0.29%
Holdings 25 740
Net assets, CLIP as of Oct 12, 2026 and FTSM as of Oct 20, 2026 $2.3bn $6.7bn

CLIP and FTSM on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About CLIP

CLIP tracks an index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

About FTSM

FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year.

Questions people ask

Which returned more over the last year, CLIP or FTSM?
In the year to Oct 20, 2026, with distributions reinvested, CLIP returned +3.7% and FTSM +3.4%.
Which is cheaper, CLIP or FTSM?
CLIP is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
CLIP vs TFLOCLIP vs TBILCLIP vs GBILCLIP vs ICSHFLDR vs FTSMFTSM vs IBTHDUSB vs FTSMFTSM vs TBUX
CLIP on its own →FTSM on its own →Hold both: look the portfolio through →Rankings →CLIP dividend history →CLIP holdings →FTSM dividend history →FTSM holdings →Standards and sources →
Where these figures came from
CLIP filings on SEC EDGAR ↗CLIP prospectus with the expense ratio (SEC) ↗Global X page for CLIP ↗FTSM filings on SEC EDGAR ↗FTSM prospectus with the expense ratio (SEC) ↗First Trust page for FTSM ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, CLIP against FTSM, data as of Oct 20, 2026. https://etfiq.com/compare/any/clip-vs-ftsm

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.