DFNV vs. TIME

Last updated Aug 4, 2026

DFNV (TrimTabs Donoghue Forlines Risk Managed Innovation ETF) and TIME (Clockwise U.S. Core Equity ETF) are both Technology Equities funds. DFNV is passively managed, while TIME is actively managed. Over the past year, DFNV returned 8.91% vs 17.48% for TIME. Their 0.65 correlation means they have sometimes moved together and sometimes differently. DFNV charges 0.69%/yr vs 1.00%/yr for TIME.

Performance

DFNV vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) and Clockwise U.S. Core Equity ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DFNV achieves a 5.19% return, which is significantly lower than TIME's 7.94% return.

DFNV

• 1D: 1.41%
• 1M: 3.25%
• 6M: 13.45%
• YTD: 5.19%
• 1Y: 8.91%
• 3Y*: 18.30%
• 5Y*: 8.34%
• 10Y*: —
• ALL TIME*: 10.69%

TIME

• 1D: 1.18%
• 1M: 1.28%
• 6M: 7.90%
• YTD: 7.94%
• 1Y: 17.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	$4.83K	$15.31K	$12.56K
TIME Clockwise U.S. Core Equity ETF	$51.24K	$43.99K	$100.40K

DFNV vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	5.19%	8.42%	17.25%
TIME Clockwise U.S. Core Equity ETF	7.94%	10.17%	5.94%

Correlation

The correlation between DFNV and TIME is 0.44, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.44
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.65

Over the past year, the correlation between DFNV and TIME has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

DFNV vs. TIME - Sectors Allocation Comparison

Sectors	DFNV	TIME
Technology	60.9%	45.5%
Healthcare	16.2%	6.8%
Communication Services	12.0%	15.6%
Consumer Cyclical	9.0%	6.1%
Industrials	1.9%	5.3%
Basic Materials	-	3.3%
Consumer Defensive	-	5.5%
Energy	-	6.8%
Financial Services	-	3.6%
Real Estate	-	-
Utilities	-	1.6%

Return for Risk

DFNV vs. TIME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DFNV

DFNV Risk / Return Rank: 20
DFNV Sharpe Ratio Rank: 21
DFNV Sortino Ratio Rank: 21
DFNV Omega Ratio Rank: 21
DFNV Calmar Ratio Rank: 17
DFNV Martin Ratio Rank: 17

TIME

TIME Risk / Return Rank: 44
TIME Sharpe Ratio Rank: 48
TIME Sortino Ratio Rank: 46
TIME Omega Ratio Rank: 45
TIME Calmar Ratio Rank: 37
TIME Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DFNV vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) and Clockwise U.S. Core Equity 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.

	DFNV	TIME	Difference
Sharpe ratio: Return per unit of total volatility	0.47	1.23	-0.76
Sortino ratio: Return per unit of downside risk	0.77	1.71	-0.94
Omega ratio: Gain probability vs. loss probability	1.09	1.22	-0.13
Calmar ratio: Return relative to maximum drawdown	0.42	1.34	-0.93
Martin ratio: Return relative to average drawdown	0.97	4.58	-3.61

DFNV vs. TIME - Sharpe Ratio Comparison

The current DFNV Sharpe Ratio is 0.47, which is lower than the TIME Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of DFNV 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

DFNV vs. TIME - Drawdown Comparison

The maximum DFNV drawdown since its inception was -29.71%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for DFNV and TIME.

Drawdown Indicators

	DFNV	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-29.71%	-24.26%	-5.45%
Max Drawdown (1Y) Largest decline over 1 year	-21.54%	-13.09%	-8.45%
Max Drawdown (3Y) Largest decline over 3 years	-22.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	—	—
Current Drawdown Current decline from peak	-1.86%	-2.43%	+0.57%
Average Drawdown Average peak-to-trough decline	-9.36%	-5.44%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	3.83%	+5.42%

Volatility

DFNV vs. TIME - Volatility Comparison

TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) has a higher volatility of 5.92% compared to Clockwise U.S. Core Equity ETF (TIME) at 4.07%. This indicates that DFNV'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

	DFNV	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	4.07%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	15.91%	11.18%	+4.73%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	14.25%	+4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	17.55%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	17.55%	+2.22%

DFNV vs. TIME - Expense Ratio Comparison

DFNV has a 0.69% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

DFNV vs. TIME - Dividend Comparison

DFNV's dividend yield for the trailing twelve months is around 0.33%, less than TIME's 9.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF	0.33%	0.38%	1.28%	0.77%	1.20%	4.77%	0.02%
TIME Clockwise U.S. Core Equity ETF	9.28%	10.02%	15.84%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFNV and TIME in my portfolio?

DFNV and TIME have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DFNV or TIME?

DFNV has higher volatility (5.92%) compared to TIME (4.07%). In terms of maximum drawdown, DFNV dropped -29.71% vs TIME's -24.26%.

Which ETF is better, DFNV or TIME?

On 1-year performance, TIME leads with 17.48% vs 8.91% for DFNV. On fees, DFNV is cheaper at 0.69% per year. On volatility, TIME has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DFNV or TIME?

Over the 1-year period, TIME has performed better with a 17.48% return vs 8.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DFNV or TIME?

DFNV is cheaper with a 0.69% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.28%, compared with 0.33% for DFNV.

What is the main difference between DFNV and TIME?

They also come from different issuers: TrimTabs and Clockwise. Their fees differ too: 0.69% for DFNV and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.23 vs 0.47), 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.