- ISIN
- US14064D5683
- Issuer
- Clockwise
- Inception Date
- Jan 27, 2022
- Region
- North America (U.S.)
- Category
- Technology Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $19M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $42.07K
Share Price Chart
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Performance
TIME Performance Chart
Clockwise U.S. Core Equity ETF (TIME) is up 6.0% since the beginning of the year. TIME is currently trading at $26 per share.
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Returns By Period
Clockwise U.S. Core Equity ETF (TIME) has returned 6.01% so far this year and 15.39% over the past 12 months.
Clockwise U.S. Core Equity ETF
- 1D
- 2.11%
- 1M
- -1.52%
- 6M
- 3.44%
- YTD
- 6.01%
- 1Y
- 15.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.69%
Benchmark (S&P 500 Index)
- 1D
- 1.66%
- 1M
- -0.82%
- 6M
- 6.72%
- YTD
- 8.65%
- 1Y
- 16.89%
- 3Y*
- 17.46%
- 5Y*
- 11.09%
- 10Y*
- 13.10%
- ALL TIME*
- 8.07%
TIME Monthly Returns History
Based on dividend-adjusted daily data since Jun 24, 2024, TIME's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 54% of months were positive and 46% were negative. The best month was Apr 2026 with a return of +12.5%, while the worst month was Mar 2025 at -10.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TIME closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +5.4%, while the worst single day was Jan 27, 2025 at -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.18% | -2.20% | -5.68% | 12.48% | 6.49% | -2.40% | -1.52% | 6.01% | |||||
| 2025 | 6.24% | -4.10% | -10.62% | 0.17% | 5.45% | 6.38% | -0.65% | 2.76% | 3.69% | 2.00% | -0.58% | 0.29% | 10.17% |
| 2024 | 0.34% | -2.76% | 1.60% | 2.81% | -0.84% | 12.25% | -6.61% | 5.94% |
Benchmark Metrics
Clockwise U.S. Core Equity ETF has an annualized alpha of -2.42%, beta of 0.88, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since June 24, 2024.
- This ETF participated in 160.97% of S&P 500 Index downside but only 112.31% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.42% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.88 and R2 of 0.68, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.42%
- Beta
- 0.88
- R²
- 0.68
- Upside Capture
- 112.31%
- Downside Capture
- 160.97%
Expense Ratio
TIME has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TIME ranks 40 for risk / return — above 40% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Clockwise U.S. Core Equity ETF (TIME) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIME | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.86 | -0.68 |
| Martin ratioReturn relative to average drawdown | 4.04 | 7.90 | -3.86 |
Dividends
Dividend History
Clockwise U.S. Core Equity ETF provided a 9.45% dividend yield over the last twelve months, with an annual payout of $2.48 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.48 | $2.48 | $3.94 |
Dividend yield | 9.45% | 10.02% | 15.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Clockwise U.S. Core Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.29 | $0.00 | $0.00 | $0.00 | $0.19 | $2.48 |
| 2024 | $3.94 | $3.94 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Clockwise U.S. Core Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Clockwise U.S. Core Equity ETF was 24.26%, occurring on Apr 8, 2025. Recovery took 141 trading sessions.
The current Clockwise U.S. Core Equity ETF drawdown is 4.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-24.26%Apr 2025 | 1mo 19d | 6mo 24d | 8mo 13dFeb 2025 - Oct 2025 | 2025 selloff2025 |
-13.31%Aug 2024 | 19d | 2mo 7d | 2mo 26dJul 2024 - Oct 2024 | — |
-13.09%Mar 2026 | 2mo | 1mo 2d | 3mo 2dJan 2026 - May 2026 | — |
-7.35%Dec 2024 | 22d | 1mo 6d | 1mo 28dDec 2024 - Feb 2025 | — |
-6.16%Jul 2026 | 1mo 27d | — | 1mo 29dJun 2026 - now | — |
Drawdown Indicators
| TIME | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -56.78% | +32.52% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -9.10% | -3.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.17% | -2.26% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -10.70% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.14% | +1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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