CWC vs. IGM
Compare and contrast key facts about Clockwise Capital Innovation ETF (CWC) and iShares Expanded Tech Sector ETF (IGM).
CWC and IGM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CWC is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWC or IGM.
Key characteristics
| CWC | IGM | |
|---|---|---|
| YTD Return | 27.92% | 23.19% |
| 1Y Return | 42.69% | 42.90% |
| Sharpe Ratio | 2.35 | 2.01 |
| Daily Std Dev | 17.92% | 21.18% |
| Max Drawdown | -42.24% | -65.59% |
| Current Drawdown | -4.05% | -6.77% |
Correlation
The correlation between CWC and IGM is 0.90, 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
CWC vs. IGM - Performance Comparison
In the year-to-date period, CWC achieves a 27.92% return, which is significantly higher than IGM's 23.19% 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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CWC vs. IGM - Expense Ratio Comparison
CWC has a 0.95% expense ratio, which is higher than IGM's 0.46% expense ratio.
Risk-Adjusted Performance
CWC vs. IGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clockwise Capital Innovation ETF (CWC) and iShares Expanded Tech Sector ETF (IGM). 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
CWC vs. IGM - Dividend Comparison
CWC's dividend yield for the trailing twelve months is around 16.45%, more than IGM's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWC Clockwise Capital Innovation ETF | 16.45% | 21.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGM iShares Expanded Tech Sector ETF | 0.31% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.78% | 0.87% | 0.78% |
Drawdowns
CWC vs. IGM - Drawdown Comparison
The maximum CWC drawdown since its inception was -42.24%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for CWC and IGM. For additional features, visit the drawdowns tool.
Volatility
CWC vs. IGM - Volatility Comparison
The current volatility for Clockwise Capital Innovation ETF (CWC) is 4.99%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 6.62%. This indicates that CWC experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.