Correlation
The correlation between BPAY and TIME is 0.77, 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.
BPAY vs. TIME
Compare and contrast key facts about BlackRock Future Financial and Technology ETF (BPAY) and Clockwise Core Equity & Innovation ETF (TIME).
BPAY and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BPAY is an actively managed fund by BlackRock. It was launched on Aug 16, 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: BPAY or TIME.
Performance
BPAY vs. TIME - Performance Comparison
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Key characteristics
BPAY:
0.67
TIME:
0.18
BPAY:
1.09
TIME:
0.33
BPAY:
1.15
TIME:
1.04
BPAY:
0.67
TIME:
0.12
BPAY:
2.31
TIME:
0.33
BPAY:
7.37%
TIME:
9.12%
BPAY:
26.02%
TIME:
20.83%
BPAY:
-26.17%
TIME:
-42.24%
BPAY:
-3.50%
TIME:
-13.57%
Returns By Period
In the year-to-date period, BPAY achieves a 4.44% return, which is significantly higher than TIME's -3.81% return.
BPAY
4.44%
11.33%
-0.11%
16.52%
N/A
N/A
N/A
TIME
-3.81%
5.31%
-10.17%
4.69%
19.74%
N/A
N/A
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BPAY vs. TIME - Expense Ratio Comparison
BPAY has a 0.70% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
BPAY vs. TIME — Risk-Adjusted Performance Rank
BPAY
TIME
BPAY vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) 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.
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Dividends
BPAY vs. TIME - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 0.46%, less than TIME's 16.47% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 0.46% | 0.48% | 1.18% | 0.18% |
TIME Clockwise Core Equity & Innovation ETF | 16.47% | 15.84% | 21.04% | 0.00% |
Drawdowns
BPAY vs. TIME - Drawdown Comparison
The maximum BPAY drawdown since its inception was -26.17%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for BPAY and TIME.
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Volatility
BPAY vs. TIME - Volatility Comparison
BlackRock Future Financial and Technology ETF (BPAY) has a higher volatility of 6.08% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.29%. This indicates that BPAY'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.
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