DAT vs. TIME

Last updated Jun 23, 2026

DAT (ProShares Big Data Refiners ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. DAT is passively managed, while TIME is actively managed. Over the past year, DAT returned -11.07% vs 20.63% for TIME. A 0.61 correlation means they provide meaningful diversification when combined. DAT charges 0.58%/yr vs 1.00%/yr for TIME.

Performance

DAT vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Big Data Refiners ETF (DAT) 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, DAT achieves a -12.67% return, which is significantly lower than TIME's 7.82% return.

DAT

• 1D: -2.02%
• 1M: -3.57%
• YTD: -12.67%
• 6M: -15.01%
• 1Y: -11.07%
• 3Y*: 12.94%
• 5Y*: —
• 10Y*: —

TIME

• 1D: -0.64%
• 1M: -0.92%
• YTD: 7.82%
• 6M: 7.67%
• 1Y: 20.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAT vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DAT ProShares Big Data Refiners ETF	-12.67%	3.49%	28.72%
TIME Clockwise Core Equity & Innovation ETF	7.82%	10.17%	5.94%

Correlation

The correlation between DAT and TIME is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.61

The correlation between DAT and TIME shifts across timeframes, from 0.45 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

DAT vs. TIME - Sectors Allocation Comparison

Sectors	DAT	TIME
Technology	96.9%	41.1%
Communication Services	2.3%	15.4%
Utilities	1.2%	4.1%
Healthcare	0.7%	0.5%
Basic Materials	-	5.3%
Consumer Cyclical	-	8.7%
Consumer Defensive	-	3.0%
Energy	-	8.3%
Financial Services	-	8.9%
Industrials	-	5.3%
Real Estate	-	-

Return for Risk

DAT vs. TIME — Risk / Return Rank

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

DAT

DAT Risk / Return Rank: 6
DAT Sharpe Ratio Rank: 6
DAT Sortino Ratio Rank: 6
DAT Omega Ratio Rank: 6
DAT Calmar Ratio Rank: 6
DAT Martin Ratio Rank: 6

TIME

TIME Risk / Return Rank: 39
TIME Sharpe Ratio Rank: 44
TIME Sortino Ratio Rank: 41
TIME Omega Ratio Rank: 41
TIME Calmar Ratio Rank: 32
TIME Martin Ratio Rank: 38

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.

DAT vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Big Data Refiners ETF (DAT) 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.

	DAT	TIME	Difference
Sharpe ratio: Return per unit of total volatility	-0.37	1.49	-1.86
Sortino ratio: Return per unit of downside risk	-0.33	2.03	-2.36
Omega ratio: Gain probability vs. loss probability	0.96	1.26	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.32	1.58	-1.90
Martin ratio: Return relative to average drawdown	-0.72	5.71	-6.43

DAT vs. TIME - Sharpe Ratio Comparison

The current DAT Sharpe Ratio is -0.37, which is lower than the TIME Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of DAT 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

DAT vs. TIME - Drawdown Comparison

The maximum DAT drawdown since its inception was -56.22%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for DAT and TIME.

Drawdown Indicators

	DAT	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-24.26%	-31.96%
Max Drawdown (1Y) Largest decline over 1 year	-34.70%	-13.09%	-21.61%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	—	—
Current Drawdown Current decline from peak	-18.95%	-2.54%	-16.41%
Average Drawdown Average peak-to-trough decline	-26.09%	-5.53%	-20.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.42%	3.62%	+11.80%

Volatility

DAT vs. TIME - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 13.74% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.05%. This indicates that DAT'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

	DAT	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	5.05%	+8.69%
Volatility (6M) Calculated over the trailing 6-month period	25.43%	10.99%	+14.44%
Volatility (1Y) Calculated over the trailing 1-year period	30.36%	13.92%	+16.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.96%	17.72%	+16.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.96%	17.72%	+16.24%

DAT vs. TIME - Expense Ratio Comparison

DAT has a 0.58% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

DAT vs. TIME - Dividend Comparison

DAT has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 9.29%.

Position	TTM	2025	2024
DAT ProShares Big Data Refiners ETF	0.00%	0.00%	0.00%
TIME Clockwise Core Equity & Innovation ETF	9.29%	10.02%	15.84%

Frequently Asked Questions

Can I hold both DAT and TIME in my portfolio?

DAT and TIME have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAT or TIME?

DAT has higher volatility (13.74%) compared to TIME (5.05%). In terms of maximum drawdown, DAT dropped -56.22% vs TIME's -24.26%.

Which ETF is better, DAT or TIME?

On 1-year performance, TIME leads with 20.63% vs -11.07% for DAT. On fees, DAT is cheaper at 0.58% per year. On volatility, TIME has been the lower-risk option at 5.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DAT or TIME?

Over the 1-year period, TIME has performed better with a 20.63% return vs -11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DAT or TIME?

DAT is cheaper with a 0.58% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.29%, compared with 0.00% for DAT.

What is the main difference between DAT and TIME?

They also come from different issuers: ProShares and Clockwise Capital. Their fees differ too: 0.58% for DAT and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.49 vs -0.37), 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.