GINN vs. TIME

Last updated Jun 4, 2026

GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. GINN is passively managed, while TIME is actively managed. Over the past year, GINN returned 25.65% vs 23.44% for TIME. Their correlation of 0.82 suggests significant overlap in exposure. GINN charges 0.50%/yr vs 1.00%/yr for TIME.

Performance

GINN vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GINN achieves a 8.64% return, which is significantly lower than TIME's 9.82% return.

GINN

• 1D: -1.29%
• 1M: 5.38%
• YTD: 8.64%
• 6M: 7.90%
• 1Y: 25.65%
• 3Y*: 19.95%
• 5Y*: 6.82%
• 10Y*: —

TIME

• 1D: -0.73%
• 1M: 5.38%
• YTD: 9.82%
• 6M: 10.85%
• 1Y: 23.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GINN vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	8.64%	20.25%	9.93%
TIME Clockwise Core Equity & Innovation ETF	9.82%	10.17%	6.75%

Correlation

The correlation between GINN and TIME is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.82

The correlation between GINN and TIME has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

GINN vs. TIME - Sectors Allocation Comparison

Sectors	GINN	TIME
Technology	32.4%	38.5%
Healthcare	18.6%	0.5%
Consumer Cyclical	14.6%	13.8%
Financial Services	11.4%	3.2%
Communication Services	10.8%	17.4%
Industrials	6.1%	1.0%
Consumer Defensive	2.0%	10.1%
Utilities	1.9%	5.1%
Energy	1.4%	8.4%
Real Estate	0.8%	-
Basic Materials	0.1%	3.0%

Return for Risk

GINN vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GINN

GINN Risk / Return Rank: 44
GINN Sharpe Ratio Rank: 46
GINN Sortino Ratio Rank: 45
GINN Omega Ratio Rank: 43
GINN Calmar Ratio Rank: 40
GINN Martin Ratio Rank: 44

TIME

TIME Risk / Return Rank: 45
TIME Sharpe Ratio Rank: 51
TIME Sortino Ratio Rank: 48
TIME Omega Ratio Rank: 49
TIME Calmar Ratio Rank: 36
TIME Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GINN vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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.

	GINN	TIME	Difference
Sharpe ratio Return per unit of total volatility	1.61	1.78	-0.17
Sortino ratio Return per unit of downside risk	2.25	2.40	-0.15
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio Return relative to maximum drawdown	1.95	1.80	+0.16
Martin ratio Return relative to average drawdown	7.06	6.63	+0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GINN vs. TIME - Sharpe Ratio Comparison

The current GINN Sharpe Ratio is 1.61, which is comparable to the TIME Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of GINN and TIME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GINN	TIME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	1.78	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.80	-0.35

Drawdowns

GINN vs. TIME - Drawdown Comparison

The maximum GINN drawdown since its inception was -41.25%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for GINN and TIME.

Drawdown Indicators

	GINN	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-41.25%	-24.26%	-16.99%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-13.09%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-22.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.25%	—	—
Current Drawdown Current decline from peak	-1.63%	-0.74%	-0.89%
Average Drawdown Average peak-to-trough decline	-13.37%	-5.60%	-7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	3.55%	+0.09%

Volatility

GINN vs. TIME - Volatility Comparison

Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) has a higher volatility of 3.98% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.48%. This indicates that GINN'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.

Volatility by Period

	GINN	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.48%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	12.04%	10.14%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	16.06%	13.27%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.33%	17.62%	+3.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	17.62%	+3.43%

GINN vs. TIME - Expense Ratio Comparison

GINN has a 0.50% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

GINN vs. TIME - Dividend Comparison

GINN's dividend yield for the trailing twelve months is around 1.16%, less than TIME's 9.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.16%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%
TIME Clockwise Core Equity & Innovation ETF	9.12%	10.02%	15.84%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GINN and TIME in my portfolio?

GINN and TIME have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GINN or TIME?

GINN has higher volatility (3.98%) compared to TIME (3.48%). In terms of maximum drawdown, GINN dropped -41.25% vs TIME's -24.26%.

Which ETF is better, GINN or TIME?

On 1-year performance, GINN leads with 25.65% vs 23.44% for TIME. On fees, GINN is cheaper at 0.50% per year. On volatility, TIME has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GINN or TIME?

Over the 1-year period, GINN has performed better with a 25.65% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GINN or TIME?

GINN is cheaper with a 0.50% expense ratio, compared with 1.00% for TIME.

Which ETF pays a higher dividend yield, GINN or TIME?

TIME has the higher dividend yield at 9.12%, compared with 1.16% for GINN.

What is the main difference between GINN and TIME?

They also come from different issuers: Goldman Sachs and Clockwise Capital. Their fees differ too: 0.50% for GINN and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.78 vs 1.61), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.