BUG vs. TIME

Last updated Jun 24, 2026

BUG (Global X Cybersecurity ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. BUG is passively managed, while TIME is actively managed. Over the past year, BUG returned -6.48% vs 18.44% for TIME. A 0.52 correlation means they provide meaningful diversification when combined. BUG charges 0.50%/yr vs 1.00%/yr for TIME.

Performance

BUG vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cybersecurity ETF (BUG) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUG achieves a 11.69% return, which is significantly higher than TIME's 6.28% return.

BUG

• 1D: 2.13%
• 1M: -0.96%
• YTD: 11.69%
• 6M: 9.26%
• 1Y: -6.48%
• 3Y*: 13.04%
• 5Y*: 3.60%
• 10Y*: —

TIME

• 1D: -1.44%
• 1M: -2.34%
• YTD: 6.28%
• 6M: 5.78%
• 1Y: 18.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUG vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BUG Global X Cybersecurity ETF	11.69%	-5.04%	14.14%
TIME Clockwise Core Equity & Innovation ETF	6.28%	10.17%	5.94%

Correlation

The correlation between BUG and TIME is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.52

The correlation between BUG and TIME shifts across timeframes, from 0.37 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

BUG vs. TIME - Sectors Allocation Comparison

Sectors	BUG	TIME
Technology	100.0%	41.1%
Communication Services	0.0%	15.4%
Consumer Cyclical	0.0%	8.7%
Consumer Defensive	0.0%	3.0%
Healthcare	0.0%	0.5%
Basic Materials	-	5.3%
Energy	-	8.3%
Financial Services	-	8.9%
Industrials	-	5.3%
Real Estate	-	-
Utilities	-	4.1%

Return for Risk

BUG vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUG

BUG Risk / Return Rank: 7
BUG Sharpe Ratio Rank: 7
BUG Sortino Ratio Rank: 7
BUG Omega Ratio Rank: 7
BUG Calmar Ratio Rank: 7
BUG Martin Ratio Rank: 7

TIME

TIME Risk / Return Rank: 35
TIME Sharpe Ratio Rank: 40
TIME Sortino Ratio Rank: 36
TIME Omega Ratio Rank: 37
TIME Calmar Ratio Rank: 29
TIME Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUG vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Cybersecurity ETF (BUG) 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.

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.

	BUG	TIME	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	1.33	-1.53
Sortino ratio: Return per unit of downside risk	-0.08	1.82	-1.90
Omega ratio: Gain probability vs. loss probability	0.99	1.23	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.17	1.41	-1.59
Martin ratio: Return relative to average drawdown	-0.35	5.10	-5.45

BUG vs. TIME - Sharpe Ratio Comparison

The current BUG Sharpe Ratio is -0.21, which is lower than the TIME Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of BUG and TIME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BUG vs. TIME - Drawdown Comparison

The maximum BUG drawdown since its inception was -41.66%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for BUG and TIME.

Drawdown Indicators

	BUG	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-41.66%	-24.26%	-17.40%
Max Drawdown (1Y) Largest decline over 1 year	-37.69%	-13.09%	-24.60%
Max Drawdown (3Y) Largest decline over 3 years	-37.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.66%	—	—
Current Drawdown Current decline from peak	-11.75%	-3.94%	-7.81%
Average Drawdown Average peak-to-trough decline	-14.38%	-5.53%	-8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.53%	3.63%	+14.90%

Volatility

BUG vs. TIME - Volatility Comparison

Global X Cybersecurity ETF (BUG) has a higher volatility of 13.95% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.23%. This indicates that BUG'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.

Volatility by Period

	BUG	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.95%	5.23%	+8.72%
Volatility (6M) Calculated over the trailing 6-month period	26.20%	11.10%	+15.10%
Volatility (1Y) Calculated over the trailing 1-year period	31.21%	13.98%	+17.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.55%	17.73%	+10.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.30%	17.73%	+11.57%

BUG vs. TIME - Expense Ratio Comparison

BUG has a 0.50% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

BUG vs. TIME - Dividend Comparison

BUG's dividend yield for the trailing twelve months is around 0.03%, less than TIME's 9.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BUG Global X Cybersecurity ETF	0.03%	0.04%	0.09%	0.10%	1.56%	0.66%	0.46%	0.24%
TIME Clockwise Core Equity & Innovation ETF	9.43%	10.02%	15.84%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BUG and TIME in my portfolio?

BUG and TIME have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUG or TIME?

BUG has higher volatility (13.95%) compared to TIME (5.23%). In terms of maximum drawdown, BUG dropped -41.66% vs TIME's -24.26%.

Which ETF is better, BUG or TIME?

On 1-year performance, TIME leads with 18.44% vs -6.48% for BUG. On fees, BUG is cheaper at 0.50% per year. On volatility, TIME has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUG or TIME?

Over the 1-year period, TIME has performed better with a 18.44% return vs -6.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUG or TIME?

BUG is cheaper with a 0.50% expense ratio, compared with 1.00% for TIME.

Which ETF pays a higher dividend yield, BUG or TIME?

TIME has the higher dividend yield at 9.43%, compared with 0.03% for BUG.

What is the main difference between BUG and TIME?

They also come from different issuers: Global X and Clockwise Capital. Their fees differ too: 0.50% for BUG and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.33 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.