DAT vs. TIME
Compare and contrast key facts about ProShares Big Data Refiners ETF (DAT) and Clockwise Core Equity & Innovation ETF (TIME).
DAT and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAT is a passively managed fund by ProShares that tracks the performance of the FactSet Big Data Refiners 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: DAT or TIME.
Key characteristics
| DAT | TIME | |
|---|---|---|
| YTD Return | 5.75% | 27.92% |
| 1Y Return | 26.01% | 42.53% |
| Sharpe Ratio | 1.06 | 2.35 |
| Daily Std Dev | 25.17% | 17.92% |
| Max Drawdown | -56.22% | -42.24% |
| Current Drawdown | -23.59% | -4.05% |
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.
Performance
DAT vs. TIME - Performance Comparison
In the year-to-date period, DAT achieves a 5.75% return, which is significantly lower than TIME's 27.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DAT vs. TIME - Expense Ratio Comparison
DAT has a 0.58% expense ratio, which is lower than TIME's 1.00% expense ratio.
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.
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 16.45%.
| TTM | 2023 | |
|---|---|---|
DAT ProShares Big Data Refiners ETF | 0.00% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 16.45% | 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.
Volatility
DAT vs. TIME - Volatility Comparison
ProShares Big Data Refiners ETF (DAT) has a higher volatility of 7.04% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.11%. 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.