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DAT vs. TIME
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DAT and TIME is 0.84, 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.


-0.50.00.51.00.8

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.

-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
33.78%
9.31%
DAT
TIME

Key characteristics

Sharpe Ratio

DAT:

1.58

TIME:

2.24

Sortino Ratio

DAT:

2.13

TIME:

2.91

Omega Ratio

DAT:

1.27

TIME:

1.38

Calmar Ratio

DAT:

1.28

TIME:

3.15

Martin Ratio

DAT:

6.67

TIME:

12.48

Ulcer Index

DAT:

6.06%

TIME:

3.36%

Daily Std Dev

DAT:

25.58%

TIME:

18.74%

Max Drawdown

DAT:

-56.22%

TIME:

-42.24%

Current Drawdown

DAT:

-5.80%

TIME:

-4.43%

Returns By Period

In the year-to-date period, DAT achieves a 38.44% return, which is significantly lower than TIME's 40.71% return.


DAT

YTD

38.44%

1M

4.63%

6M

33.77%

1Y

38.52%

5Y*

N/A

10Y*

N/A

TIME

YTD

40.71%

1M

-2.40%

6M

9.01%

1Y

41.95%

5Y*

N/A

10Y*

N/A

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DAT vs. TIME - Expense Ratio Comparison

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


TIME
Clockwise Core Equity & Innovation ETF
Expense ratio chart for TIME: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%
Expense ratio chart for DAT: current value at 0.58% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.58%

Risk-Adjusted Performance

DAT vs. TIME - Risk-Adjusted Performance 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.


Sharpe ratio
The chart of Sharpe ratio for DAT, currently valued at 1.58, compared to the broader market0.002.004.001.582.24
The chart of Sortino ratio for DAT, currently valued at 2.13, compared to the broader market-2.000.002.004.006.008.0010.002.132.91
The chart of Omega ratio for DAT, currently valued at 1.27, compared to the broader market0.501.001.502.002.503.001.271.38
The chart of Calmar ratio for DAT, currently valued at 2.81, compared to the broader market0.005.0010.0015.002.813.15
The chart of Martin ratio for DAT, currently valued at 6.67, compared to the broader market0.0020.0040.0060.0080.00100.006.6712.48
DAT
TIME

The current DAT Sharpe Ratio is 1.58, which is comparable to the TIME Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of DAT and TIME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.58
2.24
DAT
TIME

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 14.95%.


TTM2023
DAT
ProShares Big Data Refiners ETF
0.00%0.00%
TIME
Clockwise Core Equity & Innovation ETF
14.95%21.04%

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 -42.24%. Use the drawdown chart below to compare losses from any high point for DAT and TIME. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.80%
-4.43%
DAT
TIME

Volatility

DAT vs. TIME - Volatility Comparison

ProShares Big Data Refiners ETF (DAT) has a higher volatility of 8.50% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.30%. 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.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
8.50%
5.30%
DAT
TIME
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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