Correlation
The correlation between CTEX and TIME is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
CTEX vs. TIME
Compare and contrast key facts about ProShares S&P Kensho Cleantech ETF (CTEX) and Clockwise Core Equity & Innovation ETF (TIME).
CTEX and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Cleantech Index. It was launched on Sep 29, 2021. 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: CTEX or TIME.
Performance
CTEX vs. TIME - Performance Comparison
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Key characteristics
CTEX:
-0.58
TIME:
0.28
CTEX:
-0.57
TIME:
0.42
CTEX:
0.94
TIME:
1.06
CTEX:
-0.32
TIME:
0.19
CTEX:
-1.27
TIME:
0.49
CTEX:
17.60%
TIME:
9.15%
CTEX:
41.21%
TIME:
20.87%
CTEX:
-70.30%
TIME:
-42.24%
CTEX:
-62.72%
TIME:
-12.72%
Returns By Period
In the year-to-date period, CTEX achieves a -11.49% return, which is significantly lower than TIME's -2.87% return.
CTEX
-11.49%
7.58%
-17.61%
-23.87%
-15.30%
N/A
N/A
TIME
-2.87%
4.34%
-8.84%
5.72%
20.02%
N/A
N/A
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CTEX vs. TIME - Expense Ratio Comparison
CTEX has a 0.58% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
CTEX vs. TIME — Risk-Adjusted Performance Rank
CTEX
TIME
CTEX vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Cleantech ETF (CTEX) 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
CTEX vs. TIME - Dividend Comparison
CTEX's dividend yield for the trailing twelve months is around 0.74%, less than TIME's 16.31% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
CTEX ProShares S&P Kensho Cleantech ETF | 0.74% | 0.57% | 0.12% |
TIME Clockwise Core Equity & Innovation ETF | 16.31% | 15.84% | 21.04% |
Drawdowns
CTEX vs. TIME - Drawdown Comparison
The maximum CTEX drawdown since its inception was -70.30%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for CTEX and TIME.
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Volatility
CTEX vs. TIME - Volatility Comparison
ProShares S&P Kensho Cleantech ETF (CTEX) has a higher volatility of 10.94% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.37%. This indicates that CTEX'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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