FDFF vs. TIME
Compare and contrast key facts about Fidelity Disruptive Finance ETF (FDFF) and Clockwise Core Equity & Innovation ETF (TIME).
FDFF and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDFF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. 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: FDFF or TIME.
Key characteristics
| FDFF | TIME | |
|---|---|---|
| YTD Return | 24.11% | 39.86% |
| 1Y Return | 44.74% | 57.38% |
| Sharpe Ratio | 2.87 | 3.19 |
| Sortino Ratio | 3.84 | 3.98 |
| Omega Ratio | 1.50 | 1.55 |
| Calmar Ratio | 4.40 | 3.41 |
| Martin Ratio | 10.61 | 17.51 |
| Ulcer Index | 4.32% | 3.30% |
| Daily Std Dev | 15.98% | 18.11% |
| Max Drawdown | -13.47% | -42.24% |
| Current Drawdown | -0.03% | 0.00% |
Correlation
The correlation between FDFF and TIME is 0.66, 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
FDFF vs. TIME - Performance Comparison
In the year-to-date period, FDFF achieves a 24.11% return, which is significantly lower than TIME's 39.86% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDFF vs. TIME - Expense Ratio Comparison
FDFF has a 0.50% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
FDFF vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) 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
FDFF vs. TIME - Dividend Comparison
FDFF's dividend yield for the trailing twelve months is around 0.75%, less than TIME's 15.04% yield.
| TTM | 2023 | |
|---|---|---|
FDFF Fidelity Disruptive Finance ETF | 0.75% | 0.27% |
TIME Clockwise Core Equity & Innovation ETF | 15.04% | 21.04% |
Drawdowns
FDFF vs. TIME - Drawdown Comparison
The maximum FDFF drawdown since its inception was -13.47%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for FDFF and TIME. For additional features, visit the drawdowns tool.
Volatility
FDFF vs. TIME - Volatility Comparison
The current volatility for Fidelity Disruptive Finance ETF (FDFF) is 5.55%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.62%. This indicates that FDFF 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.