GTEK vs. TIME
Compare and contrast key facts about Goldman Sachs Future Tech Leaders Equity ETF (GTEK) and Clockwise Core Equity & Innovation ETF (TIME).
GTEK and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTEK is an actively managed fund by Goldman Sachs. It was launched on Sep 14, 2021. 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: GTEK or TIME.
Correlation
The correlation between GTEK and TIME is 0.88, 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
GTEK vs. TIME - Performance Comparison
Key characteristics
GTEK:
0.89
TIME:
1.49
GTEK:
1.29
TIME:
1.97
GTEK:
1.17
TIME:
1.26
GTEK:
0.49
TIME:
2.20
GTEK:
4.06
TIME:
8.08
GTEK:
4.66%
TIME:
3.63%
GTEK:
21.24%
TIME:
19.71%
GTEK:
-53.77%
TIME:
-42.24%
GTEK:
-19.36%
TIME:
-5.21%
Returns By Period
The year-to-date returns for both investments are quite close, with GTEK having a 5.32% return and TIME slightly higher at 5.50%.
GTEK
5.32%
-0.39%
14.56%
17.52%
N/A
N/A
TIME
5.50%
-1.08%
12.39%
26.21%
N/A
N/A
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GTEK vs. TIME - Expense Ratio Comparison
GTEK has a 0.75% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
GTEK vs. TIME — Risk-Adjusted Performance Rank
GTEK
TIME
GTEK vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) 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
GTEK vs. TIME - Dividend Comparison
GTEK has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 15.02%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GTEK Goldman Sachs Future Tech Leaders Equity ETF | 0.00% | 0.00% | 0.25% | 0.03% |
TIME Clockwise Core Equity & Innovation ETF | 15.02% | 15.84% | 21.04% | 0.00% |
Drawdowns
GTEK vs. TIME - Drawdown Comparison
The maximum GTEK drawdown since its inception was -53.77%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for GTEK and TIME. For additional features, visit the drawdowns tool.
Volatility
GTEK vs. TIME - Volatility Comparison
The current volatility for Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is 6.26%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 7.55%. This indicates that GTEK 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.