CLIP vs VYM
Global X 1-3 Month T-Bill ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CLIP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.04% | |
| AUM | $2.6B | $79.0B | |
| Dividend Yield | 3.90% | 2.86% | |
| Holdings | 28 | 568 | |
| YTD Return | +1.85% | +16.10% | |
| 1Y Return | +3.52% | +25.99% | |
| 3Y Return (annualized) | +4.24% | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 0.5% | 14.6% | |
| Max Drawdown | -0.3% | -58.8% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jun 20, 2023 | Nov 10, 2006 |
CLIP vs VYM Performance
Global X 1-3 Month T-Bill ETF (CLIP) is a ETF from Global X by mirae Asset and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CLIP returned +3.52% while VYM returned +25.99%. Year to date, CLIP is up 1.85% versus a gain of 16.10% for VYM.
Over three years, CLIP compounded at +4.24% per year against +18.29% for VYM. Across the full 3-year window we track, VYM has the edge at +7.08% annualized vs +4.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.13. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CLIP charges 0.07% per year while VYM charges 0.04%. On a $10,000 position that is $7 vs $4 annually, a gap of $3 per year that compounds over a long holding period. On income, CLIP currently yields 3.90% against 2.86% for VYM.
Frequently Asked Questions
Which is cheaper, CLIP or VYM?
CLIP has an expense ratio of 0.07% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, CLIP or VYM?
Over the past year CLIP returned +3.52% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), CLIP annualized +4.29% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, CLIP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 0.5% for CLIP. Worst drawdown: CLIP -0.3% vs VYM -58.8%.
Should I hold both CLIP and VYM?
CLIP and VYM have a monthly-return correlation of 0.13, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CLIP or VYM?
CLIP yields 3.90% while VYM yields 2.86%, so CLIP currently pays the higher dividend yield.
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