CLOD vs. TIME
Compare and contrast key facts about Themes Cloud Computing ETF (CLOD) and Clockwise Core Equity & Innovation ETF (TIME).
CLOD and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLOD is a passively managed fund by Themes that tracks the performance of the Solactive Cloud Technology Index. It was launched on Dec 14, 2023. 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: CLOD or TIME.
Correlation
The correlation between CLOD and TIME is 0.78, 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
CLOD vs. TIME - Performance Comparison
Key characteristics
CLOD:
0.89
TIME:
1.49
CLOD:
1.27
TIME:
1.97
CLOD:
1.17
TIME:
1.26
CLOD:
1.42
TIME:
2.20
CLOD:
4.38
TIME:
8.08
CLOD:
4.19%
TIME:
3.63%
CLOD:
20.63%
TIME:
19.71%
CLOD:
-12.99%
TIME:
-42.24%
CLOD:
-5.75%
TIME:
-5.21%
Returns By Period
In the year-to-date period, CLOD achieves a 3.71% return, which is significantly lower than TIME's 5.50% return.
CLOD
3.71%
-2.04%
16.56%
17.91%
N/A
N/A
TIME
5.50%
-1.08%
12.39%
26.21%
N/A
N/A
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CLOD vs. TIME - Expense Ratio Comparison
CLOD has a 0.35% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
CLOD vs. TIME — Risk-Adjusted Performance Rank
CLOD
TIME
CLOD vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Cloud Computing ETF (CLOD) 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
CLOD vs. TIME - Dividend Comparison
CLOD has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 15.02%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CLOD Themes Cloud Computing ETF | 0.00% | 0.00% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 15.02% | 15.84% | 21.04% |
Drawdowns
CLOD vs. TIME - Drawdown Comparison
The maximum CLOD drawdown since its inception was -12.99%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for CLOD and TIME. For additional features, visit the drawdowns tool.
Volatility
CLOD vs. TIME - Volatility Comparison
The current volatility for Themes Cloud Computing ETF (CLOD) is 5.91%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 7.55%. This indicates that CLOD experiences smaller price fluctuations and is considered to be less risky than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.