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CLIP vs TBLL: Differences, Returns & Fees

On May 31, 2026 CLIP's duration was 0.1 years and TBLL's 0.3; CLIP charges 0.07% to TBLL's 0.08%. Net assets: $2.3bn on Oct 12, 2026 for Global X 1-3 Month T-Bill ETF, and $2.6bn on Oct 20, 2026 for Invesco Short Term Treasury ETF.

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Answers cite the figures on this page.

CLIP costs 0.01 points a year less; their one-year returns differ by 0.1 points; TBLL is 1.1 times larger.

CLIP vs TBLL: Differences, Returns & Fees
CLIPTBLL
Expense ratio0.07%0.08%
Net assets, as of Oct 12, 2026$2.3bn$2.7bn
Total return, 1 year+3.7%+3.6%
What it tracksSolactive 1-3 month US T-Bill IndexICE U.S. Treasury Short Bond Index
Holdings in common38%

Holdings in common uses holdings dated May 31, 2026.

+3.7%
CLIP total return, 1 year
+3.6%
TBLL total return, 1 year
0.07%
CLIP expense ratio
0.08%
TBLL expense ratio

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Client brief · page 1 of 2Report BR-CD56782C8F

CLIP and TBLL 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 TBLL follows ICE U.S. Treasury Short Bond Index.
  2. Holdings in common. 38% of the weight is in the same securities (holdings dated May 31, 2026).
  3. Number of holdings. CLIP holds 25 positions and TBLL holds 93.

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 TBLL hold 38% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

half

38% in common

Positions both hold, largest shared weight first
Holding CLIP TBLL
TREASURY BILL 0.000000% 06/18/2026, due Jun 18, 2026 4.70% 2.79%
TREASURY BILL 0.000000% 06/04/2026, due Jun 4, 2026 5.39% 2.68%
TREASURY BILL 0.000000% 06/25/2026, due Jun 25, 2026 4.09% 2.65%
TREASURY BILL 0.000000% 07/02/2026, due Jul 2, 2026 6.30% 2.62%
TREASURY BILL 0.000000% 07/09/2026, due Jul 9, 2026 9.54% 2.57%
TREASURY BILL 0.000000% 07/16/2026, due Jul 16, 2026 5.34% 2.30%
TREASURY BILL 0.000000% 08/06/2026, due Aug 6, 2026 3.71% 2.13%
TREASURY BILL 0.000000% 07/21/2026, due Jul 21, 2026 3.57% 1.67%
TREASURY BILL 0.000000% 07/28/2026, due Jul 28, 2026 4.16% 1.67%
TREASURY BILL 0.000000% 06/30/2026, due Jun 30, 2026 3.11% 1.47%
TREASURY BILL 0.000000% 08/27/2026, due Aug 27, 2026 3.11% 1.31%
TREASURY BILL 0.000000% 08/25/2026, due Aug 25, 2026 1.30% 1.67%
Only in CLIP
Only in TBLL
U.S. Treasury Bills, due Sep 3, 2026 2.23%
U.S. Treasury Bills, due Oct 29, 2026 2.15%
U.S. Treasury Notes/Bonds, due Sep 30, 2026 1.87%
U.S. Treasury Notes, due Jul 31, 2026 1.82%
U.S. Treasury Notes, due Jun 30, 2026 1.82%
U.S. Treasury Notes, due Aug 15, 2026 1.77%
U.S. Treasury Bills, due Aug 11, 2026 1.67%
U.S. Treasury Notes/Bonds, due Aug 31, 2026 1.67%

Check overlap with more funds →

On the same fields

CLIP
Global X 1-3 Month T-Bill ETF
TBLL
Invesco Short Term Treasury ETF
Where it sits Bond ETF Bond ETF
Issuer Global X Invesco
What it is Tracks an index Tracks an index
Total return, 1 year +3.7% +3.6%
Its benchmark over the same days not measured +3.6% (TRSY)
Gap to its benchmark not measured 0.0 pts vs TRSY
Expense ratio 0.07% 0.08%
Holdings 25 93
Net assets, CLIP as of Oct 12, 2026 and TBLL as of Oct 20, 2026 $2.3bn $2.6bn

CLIP and TBLL 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 TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, CLIP or TBLL?
In the year to Oct 20, 2026, with distributions reinvested, CLIP returned +3.7% and TBLL +3.6%.
Which is cheaper, CLIP or TBLL?
CLIP is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
CLIP vs RAVICLIP vs VGUSCLIP vs IBDRCLIP vs IBTHFLDR vs TBLLDUSB vs TBLLTBLL vs TBUXTBLL vs XHLF
CLIP on its own →TBLL on its own →Hold both: look the portfolio through →Rankings →CLIP dividend history →CLIP holdings →TBLL dividend history →TBLL 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 ↗TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗

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 TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/clip-vs-tbll

Open data

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