ARVR vs. TIME
Compare and contrast key facts about First Trust Indxx Metaverse ETF (ARVR) and Clockwise Core Equity & Innovation ETF (TIME).
ARVR and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARVR is a passively managed fund by First Trust that tracks the performance of the Indxx Metaverse Index - Benchmark TR Net. It was launched on Apr 19, 2022. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARVR or TIME.
Key characteristics
| ARVR | TIME | |
|---|---|---|
| YTD Return | 3.05% | 27.69% |
| 1Y Return | 18.23% | 39.99% |
| Sharpe Ratio | 0.98 | 2.27 |
| Daily Std Dev | 19.46% | 17.98% |
| Max Drawdown | -26.25% | -42.24% |
| Current Drawdown | -7.65% | -4.22% |
Correlation
The correlation between ARVR and TIME is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ARVR vs. TIME - Performance Comparison
In the year-to-date period, ARVR achieves a 3.05% return, which is significantly lower than TIME's 27.69% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARVR vs. TIME - Expense Ratio Comparison
ARVR has a 0.70% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
ARVR vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and Clockwise Core Equity & Innovation ETF (TIME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ARVR vs. TIME - Dividend Comparison
ARVR's dividend yield for the trailing twelve months is around 0.14%, less than TIME's 16.48% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
ARVR First Trust Indxx Metaverse ETF | 0.14% | 0.11% | 0.27% |
TIME Clockwise Core Equity & Innovation ETF | 16.48% | 21.04% | 0.00% |
Drawdowns
ARVR vs. TIME - Drawdown Comparison
The maximum ARVR drawdown since its inception was -26.25%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for ARVR and TIME. For additional features, visit the drawdowns tool.
Volatility
ARVR vs. TIME - Volatility Comparison
First Trust Indxx Metaverse ETF (ARVR) has a higher volatility of 6.37% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.24%. This indicates that ARVR's price experiences larger fluctuations and is considered to be riskier than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.