ETEC vs. TIME
Compare and contrast key facts about iShares Breakthrough Environmental Solutions ETF (ETEC) and Clockwise Core Equity & Innovation ETF (TIME).
ETEC and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETEC is a passively managed fund by iShares that tracks the performance of the Morningstar Global Emerging Green Technologies Select Index - Benchmark TR Net. It was launched on Mar 28, 2023. 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: ETEC or TIME.
Correlation
The correlation between ETEC and TIME is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ETEC vs. TIME - Performance Comparison
Key characteristics
ETEC:
-0.18
TIME:
1.64
ETEC:
-0.10
TIME:
2.17
ETEC:
0.99
TIME:
1.29
ETEC:
-0.15
TIME:
2.40
ETEC:
-0.45
TIME:
8.85
ETEC:
9.67%
TIME:
3.61%
ETEC:
23.38%
TIME:
19.40%
ETEC:
-28.33%
TIME:
-42.24%
ETEC:
-24.16%
TIME:
-1.68%
Returns By Period
In the year-to-date period, ETEC achieves a 4.38% return, which is significantly lower than TIME's 9.42% return.
ETEC
4.38%
1.44%
-0.48%
-2.92%
N/A
N/A
TIME
9.42%
2.92%
18.18%
35.63%
N/A
N/A
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ETEC vs. TIME - Expense Ratio Comparison
ETEC has a 0.47% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
ETEC vs. TIME — Risk-Adjusted Performance Rank
ETEC
TIME
ETEC vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Breakthrough Environmental Solutions ETF (ETEC) 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
ETEC vs. TIME - Dividend Comparison
ETEC's dividend yield for the trailing twelve months is around 1.19%, less than TIME's 14.48% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
ETEC iShares Breakthrough Environmental Solutions ETF | 1.19% | 1.24% | 4.17% |
TIME Clockwise Core Equity & Innovation ETF | 14.48% | 15.84% | 21.04% |
Drawdowns
ETEC vs. TIME - Drawdown Comparison
The maximum ETEC drawdown since its inception was -28.33%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for ETEC and TIME. For additional features, visit the drawdowns tool.
Volatility
ETEC vs. TIME - Volatility Comparison
The current volatility for iShares Breakthrough Environmental Solutions ETF (ETEC) is 5.02%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.54%. This indicates that ETEC experiences smaller price fluctuations and is considered to be less risky than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.