Correlation
The correlation between DFNL and TIME is 0.73, 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.
DFNL vs. TIME
Compare and contrast key facts about Davis Select Financial ETF (DFNL) and Clockwise Core Equity & Innovation ETF (TIME).
DFNL and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DFNL is an actively managed fund by Davis Advisers. It was launched on Jan 11, 2017. 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: DFNL or TIME.
Performance
DFNL vs. TIME - Performance Comparison
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Key characteristics
DFNL:
1.19
TIME:
0.18
DFNL:
1.73
TIME:
0.33
DFNL:
1.25
TIME:
1.04
DFNL:
1.57
TIME:
0.12
DFNL:
6.21
TIME:
0.33
DFNL:
4.07%
TIME:
9.12%
DFNL:
20.99%
TIME:
20.83%
DFNL:
-44.51%
TIME:
-42.24%
DFNL:
-1.71%
TIME:
-13.57%
Returns By Period
In the year-to-date period, DFNL achieves a 6.86% return, which is significantly higher than TIME's -3.81% return.
DFNL
6.86%
5.57%
0.59%
24.86%
14.84%
19.63%
N/A
TIME
-3.81%
5.45%
-10.17%
3.70%
19.74%
N/A
N/A
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DFNL vs. TIME - Expense Ratio Comparison
DFNL has a 0.64% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
DFNL vs. TIME — Risk-Adjusted Performance Rank
DFNL
TIME
DFNL vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Davis Select Financial ETF (DFNL) 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
DFNL vs. TIME - Dividend Comparison
DFNL's dividend yield for the trailing twelve months is around 2.05%, less than TIME's 16.47% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
DFNL Davis Select Financial ETF | 2.05% | 2.19% | 2.33% | 3.34% | 2.45% | 1.45% | 2.52% | 3.12% | 1.10% |
TIME Clockwise Core Equity & Innovation ETF | 16.47% | 15.84% | 21.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DFNL vs. TIME - Drawdown Comparison
The maximum DFNL drawdown since its inception was -44.51%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for DFNL and TIME.
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Volatility
DFNL vs. TIME - Volatility Comparison
Davis Select Financial ETF (DFNL) has a higher volatility of 4.81% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.29%. This indicates that DFNL'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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