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CLIP vs USFR: Differences, Returns & Fees

On May 31, 2026 CLIP's duration was 0.1 years and USFR's 0.0; CLIP charges 0.07% to USFR's 0.15%. Net assets: $2.3bn on Oct 12, 2026 for Global X 1-3 Month T-Bill ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

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Answers cite the figures on this page.

CLIP costs 0.08 points a year less; their one-year returns differ by 0.3 points; USFR is 6.0 times larger.

CLIP vs USFR: Differences, Returns & Fees
CLIPUSFR
Expense ratio0.07%0.15%
Net assets, as of May 31, 2026$2.8bn$17.0bn
Total return, 1 year+3.7%+4.0%
What it tracksSolactive 1-3 month US T-Bill IndexBloomberg U.S. Treasury Floating Rate Bond Index
Holdings in common0%

Holdings in common uses holdings dated May 31, 2026.

+3.7%
CLIP total return, 1 year
+4.0%
USFR total return, 1 year
0.07%
CLIP expense ratio
0.15%
USFR expense ratio

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Client brief · page 1 of 2Report BR-8E40F55B6A

CLIP and USFR 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 USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026).
  3. Number of holdings. CLIP holds 25 positions and USFR holds 4.

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 USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding CLIP USFR
Only in CLIP
TREASURY BILL 0.000000% 07/09/2026, due Jul 9, 2026 9.54%
TREASURY BILL 0.000000% 07/23/2026, due Jul 23, 2026 7.38%
TREASURY BILL 0.000000% 07/30/2026, due Jul 30, 2026 6.40%
TREASURY BILL 0.000000% 07/02/2026, due Jul 2, 2026 6.30%
TREASURY BILL 0.000000% 06/04/2026, due Jun 4, 2026 5.39%
TREASURY BILL 0.000000% 07/16/2026, due Jul 16, 2026 5.34%
TREASURY BILL 0.000000% 06/02/2026, due Jun 2, 2026 5.14%
TREASURY BILL 0.000000% 06/11/2026, due Jun 11, 2026 4.90%
Only in USFR
TF 0 10/31/27, due Oct 31, 2027 27.95%
TF 0 07/31/27, due Jul 31, 2027 27.93%
TF 0 01/31/28, due Jan 31, 2028 27.91%
TF 0 04/30/28, due Apr 30, 2028 15.90%

Check overlap with more funds →

On the same fields

CLIP
Global X 1-3 Month T-Bill ETF
USFR
WisdomTree Floating Rate Treasury Fund
Where it sits Bond ETF Bond ETF
Issuer Global X WisdomTree
What it is Tracks an index Tracks an index of Floating Rate Treasury
Total return, 1 year +3.7% +4.0%
Its benchmark over the same days not measured +4.0% (TFLO)
Gap to its benchmark not measured +0.1 pts vs TFLO
Expense ratio 0.07% 0.15%
Holdings 25 4
Net assets, CLIP as of Oct 12, 2026 and USFR as of May 31, 2026 $2.3bn $17.0bn

CLIP and USFR 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 USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, CLIP or USFR?
In the year to Oct 20, 2026, with distributions reinvested, CLIP returned +3.7% and USFR +4.0%.
Which is cheaper, CLIP or USFR?
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.
Other comparisons
CLIP vs PULSCLIP vs VBILCLIP vs SHVCLIP vs FLOTFLDR vs USFRIBTH vs USFRDUSB vs USFRTBUX vs USFR
CLIP on its own →USFR on its own →Hold both: look the portfolio through →Rankings →CLIP dividend history →CLIP holdings →USFR dividend history →USFR 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 ↗USFR filings on SEC EDGAR ↗USFR prospectus with the expense ratio (SEC) ↗WisdomTree page for USFR ↗

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

Open data

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