DVXK vs. TIME
DVXK (WEBs Technology XLK Defined Volatility ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. DVXK is passively managed, while TIME is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. DVXK charges 0.89%/yr vs 1.00%/yr for TIME.
Performance
DVXK vs. TIME - Performance Comparison
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Returns By Period
In the year-to-date period, DVXK achieves a 30.18% return, which is significantly higher than TIME's 5.55% return.
DVXK
- 1D
- -0.62%
- 1M
- 1.58%
- YTD
- 30.18%
- 6M
- 26.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIME
- 1D
- -0.68%
- 1M
- -3.01%
- YTD
- 5.55%
- 6M
- 5.07%
- 1Y
- 16.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVXK vs. TIME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 30.18% | 16.30% |
TIME Clockwise Core Equity & Innovation ETF | 5.55% | 6.68% |
Correlation
The correlation between DVXK and TIME is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.76 |
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Return for Risk
DVXK vs. TIME — Risk / Return Rank
DVXK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TIME
DVXK vs. TIME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Technology XLK Defined Volatility ETF (DVXK) 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.
| DVXK | TIME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.26 | — |
| Martin ratioReturn relative to average drawdown | — | 4.53 | — |
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Drawdowns
DVXK vs. TIME - Drawdown Comparison
The maximum DVXK drawdown since its inception was -24.08%, roughly equal to the maximum TIME drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for DVXK and TIME.
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Drawdown Indicators
| DVXK | TIME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -24.26% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.09% | — |
Current DrawdownCurrent decline from peak | -9.98% | -4.59% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -5.53% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.64% | — |
Volatility
DVXK vs. TIME - Volatility Comparison
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Volatility by Period
| DVXK | TIME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 11.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 33.30% | 13.99% | +19.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.30% | 17.72% | +15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 17.72% | +15.58% |
DVXK vs. TIME - Expense Ratio Comparison
DVXK has a 0.89% expense ratio, which is lower than TIME's 1.00% expense ratio.
Dividends
DVXK vs. TIME - Dividend Comparison
DVXK's dividend yield for the trailing twelve months is around 2.55%, less than TIME's 9.49% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 2.55% | 3.32% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 9.49% | 10.02% | 15.84% |
Frequently Asked Questions
DVXK and TIME have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DVXK is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DVXK is cheaper with a 0.89% expense ratio, compared with 1.00% for TIME.
TIME has the higher dividend yield at 9.49%, compared with 2.55% for DVXK.
They also come from different issuers: WEBs and Clockwise Capital. Their fees differ too: 0.89% for DVXK and 1.00% for TIME.
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