GXPT vs. TIME
GXPT (Global X PureCap MSCI Information Technology ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. GXPT is passively managed, while TIME is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. GXPT charges 0.15%/yr vs 1.00%/yr for TIME.
Performance
GXPT vs. TIME - Performance Comparison
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Returns By Period
In the year-to-date period, GXPT achieves a 25.98% return, which is significantly higher than TIME's 9.82% return.
GXPT
- 1D
- -1.60%
- 1M
- 17.05%
- YTD
- 25.98%
- 6M
- 24.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIME
- 1D
- -0.73%
- 1M
- 5.38%
- YTD
- 9.82%
- 6M
- 10.85%
- 1Y
- 23.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GXPT vs. TIME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 25.98% | 10.78% |
TIME Clockwise Core Equity & Innovation ETF | 9.82% | 6.92% |
Correlation
The correlation between GXPT and TIME is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.73 |
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Return for Risk
GXPT vs. TIME — Risk / Return Rank
GXPT
TIME
GXPT vs. TIME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Information Technology ETF (GXPT) 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
| GXPT | TIME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 0.80 | +1.43 |
Drawdowns
GXPT vs. TIME - Drawdown Comparison
The maximum GXPT drawdown since its inception was -18.74%, smaller than the maximum TIME drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for GXPT and TIME.
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Drawdown Indicators
| GXPT | TIME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -24.26% | +5.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.09% | — |
Current DrawdownCurrent decline from peak | -1.60% | -0.74% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -5.60% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.55% | — |
Volatility
GXPT vs. TIME - Volatility Comparison
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Volatility by Period
| GXPT | TIME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.22% | 13.27% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.22% | 17.62% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.22% | 17.62% | +3.60% |
GXPT vs. TIME - Expense Ratio Comparison
GXPT has a 0.15% expense ratio, which is lower than TIME's 1.00% expense ratio.
Dividends
GXPT vs. TIME - Dividend Comparison
GXPT's dividend yield for the trailing twelve months is around 0.11%, less than TIME's 9.12% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GXPT Global X PureCap MSCI Information Technology ETF | 0.11% | 0.14% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 9.12% | 10.02% | 15.84% |
Frequently Asked Questions
GXPT and TIME have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GXPT is cheaper with a 0.15% expense ratio, compared with 1.00% for TIME.
TIME has the higher dividend yield at 9.12%, compared with 0.11% for GXPT.
They also come from different issuers: Global X and Clockwise Capital. Their fees differ too: 0.15% for GXPT and 1.00% for TIME.
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