FRWD vs. TIME
FRWD (Nomura Transformational Technologies ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. FRWD charges 0.65%/yr vs 1.00%/yr for TIME.
Performance
FRWD vs. TIME - Performance Comparison
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Returns By Period
FRWD
- 1D
- -1.05%
- 1M
- 15.16%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIME
- 1D
- 0.10%
- 1M
- 4.03%
- YTD
- 9.93%
- 6M
- 10.55%
- 1Y
- 23.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRWD vs. TIME - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FRWD Nomura Transformational Technologies ETF | 33.73% |
TIME Clockwise Core Equity & Innovation ETF | 7.56% |
Correlation
The correlation between FRWD and TIME is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026 | 0.83 |
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Return for Risk
FRWD vs. TIME — Risk / Return Rank
FRWD
TIME
FRWD vs. TIME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Transformational Technologies ETF (FRWD) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FRWD | TIME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.74 | 0.81 | +2.93 |
Drawdowns
FRWD vs. TIME - Drawdown Comparison
The maximum FRWD drawdown since its inception was -18.49%, smaller than the maximum TIME drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for FRWD and TIME.
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Drawdown Indicators
| FRWD | TIME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.49% | -24.26% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.09% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.64% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.59% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.55% | — |
Volatility
FRWD vs. TIME - Volatility Comparison
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Volatility by Period
| FRWD | TIME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.89% | 13.25% | +16.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.89% | 17.61% | +12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.89% | 17.61% | +12.28% |
FRWD vs. TIME - Expense Ratio Comparison
FRWD has a 0.65% expense ratio, which is lower than TIME's 1.00% expense ratio.
Dividends
FRWD vs. TIME - Dividend Comparison
FRWD has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 9.12%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FRWD Nomura Transformational Technologies ETF | 0.00% | 0.00% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 9.12% | 10.02% | 15.84% |
Frequently Asked Questions
FRWD and TIME have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRWD is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRWD is cheaper with a 0.65% expense ratio, compared with 1.00% for TIME.
TIME has the higher dividend yield at 9.12%, compared with 0.00% for FRWD.
They also come from different issuers: Nomura and Clockwise Capital. Their fees differ too: 0.65% for FRWD and 1.00% for TIME.
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