CLIP vs SHV: Differences, Returns & Fees
On May 31, 2026 CLIP's duration was 0.1 years and SHV's 0.3; CLIP charges 0.07% to SHV's 0.15%. Net assets: $2.3bn on Oct 12, 2026 for Global X 1-3 Month T-Bill ETF, and $23.5bn on Oct 20, 2026 for iShares 0-1 Year Treasury Bond ETF.
CLIP costs 0.08 points a year less; their one-year returns differ by 0.1 points; SHV is 10.1 times larger.
| CLIP | SHV | |
|---|---|---|
| Expense ratio | 0.07% | 0.15% |
| Net assets, as of Oct 12, 2026 | $2.3bn | $23.6bn |
| Total return, 1 year | +3.7% | +3.6% |
| What it tracks | Solactive 1-3 month US T-Bill Index | ICE Short US Treasury Securities Index |
| Holdings in common | 38% | |
Holdings in common uses holdings dated May 31, 2026.
CLIP and SHV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. CLIP follows Solactive 1-3 month US T-Bill Index and SHV follows ICE Short US Treasury Securities Index.
- Holdings in common. 38% of the weight is in the same securities (holdings dated May 31, 2026).
- Size. CLIP has $2.3bn in net assets and SHV $23.6bn (net assets, as of Oct 12, 2026); SHV is 10.3 times larger.
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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What they hold in common
By the books each fund has filed, CLIP and SHV hold 38% of their money in the same securities at the same weight. Holdings dated May 31, 2026.
half
38% in common
On the same fields
CLIP and SHV 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 SHV
SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, CLIP or SHV?
- In the year to Oct 20, 2026, with distributions reinvested, CLIP returned +3.7% and SHV +3.6%.
- Which is cheaper, CLIP or SHV?
- CLIP is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, CLIP against SHV, data as of Oct 20, 2026. https://etfiq.com/compare/any/clip-vs-shv
ETFIQ. (Oct 20, 2026). CLIP against SHV. Retrieved from https://etfiq.com/compare/any/clip-vs-shv
[CLIP against SHV (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/clip-vs-shv)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.