CLIP vs VOO
Global X 1-3 Month T-Bill ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CLIP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $2.6B | $979.0B | |
| Dividend Yield | 3.90% | 1.09% | |
| Holdings | 28 | 509 | |
| YTD Return | +1.86% | +13.44% | |
| 1Y Return | +3.53% | +22.62% | |
| 3Y Return (annualized) | +4.25% | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 0.5% | 14.1% | |
| Max Drawdown | -0.3% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 20, 2023 | Sep 7, 2010 |
CLIP vs VOO Performance
Global X 1-3 Month T-Bill ETF (CLIP) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CLIP returned +3.53% while VOO returned +22.62%. Year to date, CLIP is up 1.86% versus a gain of 13.44% for VOO.
Over three years, CLIP compounded at +4.25% per year against +21.47% for VOO. Across the full 3-year window we track, VOO has the edge at +13.55% annualized vs +4.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 0.5% for CLIP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.3% for CLIP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.15. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLIP charges 0.07% per year while VOO charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, CLIP currently yields 3.90% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CLIP or VOO?
CLIP has an expense ratio of 0.07% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, CLIP or VOO?
Over the past year CLIP returned +3.53% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), CLIP annualized +4.29% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, CLIP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 0.5% for CLIP. Worst drawdown: CLIP -0.3% vs VOO -34.3%.
Should I hold both CLIP and VOO?
CLIP and VOO have a monthly-return correlation of 0.15, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CLIP or VOO?
CLIP yields 3.90% while VOO yields 1.09%, so CLIP currently pays the higher dividend yield.
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