BALT vs CLIP
Comparison between Innovator Defined Wealth Shield ETF (BALT, ETF) and GLOBAL X 1-3 MONTH T-BILL ETF (CLIP, ETF).
BALT vs CLIP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BALT
$2.60B
CLIP
$2.60B
Expense Ratio
BALT
0.69%
Winner
CLIP
0.07%
Max Drawdown
BALT
4.89%
Winner
CLIP
0.56%
Sharpe Ratio
Winner
BALT
1.36
CLIP
0.18
5Y Beta
BALT
0.20
Winner
CLIP
-0.00
BALT vs CLIP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BALT
+0.55%
CLIP
+0.28%
3M
Winner
BALT
+1.71%
CLIP
+0.90%
6M
Winner
BALT
+2.36%
CLIP
+1.78%
1Y
Winner
BALT
+6.83%
CLIP
+3.90%
5Y(CAGR)
BALT
+5.99%
CLIP
N/A
Max(CAGR)
Winner
BALT
+5.95%
CLIP
+4.66%
BALT vs CLIP - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | BALT | CLIP |
|---|---|---|
| 2026 | +2.59% | +1.88% |
| 2025 | +6.57% | +4.22% |
| 2024 | +10.32% | +5.30% |
| 2023 | +7.61% | +2.82% |
| 2022 | +2.48% | N/A |
| 2021 | +0.82% | N/A |
BALT vs CLIP Drawdown Comparison
The maximum drawdown for BALT was -4.89%, occurring on Apr 8, 2025. Recovery took 71 trading sessions.
The maximum drawdown for CLIP was -0.08%, occurring on Oct 11, 2023. Recovery took 4 trading sessions.
| Rank | BALT | CLIP |
|---|---|---|
| #1 | -4.89% Feb 20, 2025 - Jun 3, 2025 | -0.08% Oct 9, 2023 - Oct 13, 2023 |
| #2 | -2.16% Jan 4, 2022 - Jul 8, 2022 | -0.08% Apr 11, 2024 - Apr 16, 2024 |
| #3 | -1.98% Aug 25, 2022 - Nov 10, 2022 | -0.08% Apr 16, 2024 - Apr 23, 2024 |
| #4 | -1.85% Jul 16, 2024 - Aug 19, 2024 | -0.08% Dec 18, 2023 - Dec 21, 2023 |
| #5 | -1.84% Sep 14, 2023 - Nov 14, 2023 | -0.08% May 15, 2024 - May 28, 2024 |
| #6 | -1.15% Feb 25, 2026 - Apr 14, 2026 | -0.06% Jun 23, 2023 - Jun 29, 2023 |
| #7 | -1.14% Aug 30, 2024 - Sep 13, 2024 | -0.05% May 16, 2025 - May 20, 2025 |
| #8 | -1.03% Mar 28, 2024 - May 9, 2024 | -0.05% Apr 10, 2025 - Apr 17, 2025 |
| #9 | -0.85% Jul 31, 2023 - Aug 30, 2023 | -0.04% Dec 30, 2024 - Jan 6, 2025 |
| #10 | -0.85% Nov 11, 2025 - Nov 25, 2025 | -0.04% Dec 7, 2023 - Dec 11, 2023 |
| #11 | -0.76% Dec 16, 2024 - Dec 24, 2024 | -0.04% May 9, 2024 - May 13, 2024 |
| #12 | -0.76% Mar 6, 2023 - Mar 21, 2023 | -0.04% Apr 8, 2024 - Apr 11, 2024 |
| #13 | -0.62% Dec 11, 2025 - Dec 22, 2025 | -0.04% May 13, 2024 - May 15, 2024 |
| #14 | -0.58% Sep 27, 2021 - Oct 19, 2021 | -0.04% Feb 8, 2024 - Feb 15, 2024 |
| #15 | -0.55% Oct 8, 2025 - Oct 20, 2025 | -0.04% Mar 11, 2024 - Mar 14, 2024 |
Correlation
Correlation between BALT and CLIP is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
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