GGME vs. TIME
Compare and contrast key facts about Invesco Next Gen Media and Gaming ETF (GGME) and Clockwise Core Equity & Innovation ETF (TIME).
GGME and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GGME is a passively managed fund by Invesco that tracks the performance of the STOXX World AC NexGen Media Index - Benchmark TR Gross. It was launched on Jun 23, 2005. 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: GGME or TIME.
Correlation
The correlation between GGME and TIME is 0.84, 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.
Performance
GGME vs. TIME - Performance Comparison
Key characteristics
GGME:
1.72
TIME:
1.73
GGME:
2.37
TIME:
2.27
GGME:
1.30
TIME:
1.30
GGME:
1.27
TIME:
2.53
GGME:
9.23
TIME:
9.28
GGME:
3.91%
TIME:
3.62%
GGME:
20.99%
TIME:
19.46%
GGME:
-69.13%
TIME:
-42.24%
GGME:
-0.07%
TIME:
-0.56%
Returns By Period
In the year-to-date period, GGME achieves a 12.18% return, which is significantly higher than TIME's 10.67% return.
GGME
12.18%
10.68%
21.03%
37.27%
10.98%
8.75%
TIME
10.67%
5.81%
18.69%
33.48%
N/A
N/A
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GGME vs. TIME - Expense Ratio Comparison
GGME has a 0.60% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
GGME vs. TIME — Risk-Adjusted Performance Rank
GGME
TIME
GGME vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Next Gen Media and Gaming ETF (GGME) 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
GGME vs. TIME - Dividend Comparison
GGME's dividend yield for the trailing twelve months is around 0.07%, less than TIME's 14.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGME Invesco Next Gen Media and Gaming ETF | 0.07% | 0.08% | 2.31% | 0.76% | 0.39% | 0.30% | 0.42% | 0.93% | 0.33% | 0.16% | 1.12% | 0.50% |
TIME Clockwise Core Equity & Innovation ETF | 14.31% | 15.84% | 21.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GGME vs. TIME - Drawdown Comparison
The maximum GGME drawdown since its inception was -69.13%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for GGME and TIME. For additional features, visit the drawdowns tool.
Volatility
GGME vs. TIME - Volatility Comparison
The current volatility for Invesco Next Gen Media and Gaming ETF (GGME) is 4.36%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.54%. This indicates that GGME 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.