FTEC vs. TIME
Compare and contrast key facts about Fidelity MSCI Information Technology Index ETF (FTEC) and Clockwise Core Equity & Innovation ETF (TIME).
FTEC and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology 25/50 Index. It was launched on Oct 21, 2013. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.
Performance
FTEC vs. TIME - Performance Comparison
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FTEC vs. TIME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | -6.12% | 22.11% | 10.02% |
TIME Clockwise Core Equity & Innovation ETF | -6.71% | 10.17% | 6.75% |
Returns By Period
In the year-to-date period, FTEC achieves a -6.12% return, which is significantly higher than TIME's -6.71% return.
FTEC
- 1D
- 1.28%
- 1M
- -3.61%
- YTD
- -6.12%
- 6M
- -5.70%
- 1Y
- 30.17%
- 3Y*
- 23.47%
- 5Y*
- 15.05%
- 10Y*
- 21.28%
TIME
- 1D
- 1.31%
- 1M
- -4.94%
- YTD
- -6.71%
- 6M
- -5.81%
- 1Y
- 12.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FTEC vs. TIME - Expense Ratio Comparison
FTEC has a 0.08% expense ratio, which is lower than TIME's 1.00% expense ratio.
Return for Risk
FTEC vs. TIME — Risk / Return Rank
FTEC
TIME
FTEC vs. TIME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.
| FTEC | TIME | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.84 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.23 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.98 | +0.94 |
Martin ratioReturn relative to average drawdown | 5.93 | 3.73 | +2.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTEC | TIME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.84 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.30 | +0.56 |
Correlation
The correlation between FTEC and TIME is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FTEC vs. TIME - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.45%, less than TIME's 10.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 0.45% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
TIME Clockwise Core Equity & Innovation ETF | 10.74% | 10.02% | 15.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FTEC vs. TIME - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for FTEC and TIME.
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Drawdown Indicators
| FTEC | TIME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -24.26% | -10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -13.09% | -3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | — | — |
Current DrawdownCurrent decline from peak | -11.53% | -10.01% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -5.95% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 3.45% | +1.82% |
Volatility
FTEC vs. TIME - Volatility Comparison
Fidelity MSCI Information Technology Index ETF (FTEC) has a higher volatility of 8.01% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.31%. This indicates that FTEC'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.
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Volatility by Period
| FTEC | TIME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.01% | 5.31% | +2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 10.75% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.53% | 15.07% | +12.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.11% | 17.99% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.57% | 17.99% | +6.58% |