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HYGW vs. TIME
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

HYGW vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%JuneJulyAugustSeptemberOctoberNovember
14.78%
90.09%
HYGW
TIME

Returns By Period

In the year-to-date period, HYGW achieves a 7.08% return, which is significantly lower than TIME's 46.06% return.


HYGW

YTD

7.08%

1M

0.80%

6M

3.96%

1Y

8.73%

5Y (annualized)

N/A

10Y (annualized)

N/A

TIME

YTD

46.06%

1M

9.43%

6M

15.43%

1Y

56.34%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


HYGWTIME
Sharpe Ratio3.283.09
Sortino Ratio5.053.89
Omega Ratio1.711.53
Calmar Ratio5.414.23
Martin Ratio31.7917.03
Ulcer Index0.27%3.31%
Daily Std Dev2.66%18.20%
Max Drawdown-5.49%-42.24%
Current Drawdown-0.52%0.00%

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HYGW vs. TIME - Expense Ratio Comparison

HYGW has a 0.69% expense ratio, which is lower than TIME's 1.00% expense ratio.


TIME
Clockwise Core Equity & Innovation ETF
Expense ratio chart for TIME: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%
Expense ratio chart for HYGW: current value at 0.69% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.69%

Correlation

-0.50.00.51.00.5

The correlation between HYGW and TIME is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Risk-Adjusted Performance

HYGW vs. TIME - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) 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.


Sharpe ratio
The chart of Sharpe ratio for HYGW, currently valued at 3.28, compared to the broader market0.002.004.003.283.09
The chart of Sortino ratio for HYGW, currently valued at 5.05, compared to the broader market-2.000.002.004.006.008.0010.0012.005.053.89
The chart of Omega ratio for HYGW, currently valued at 1.71, compared to the broader market0.501.001.502.002.503.001.711.53
The chart of Calmar ratio for HYGW, currently valued at 5.41, compared to the broader market0.005.0010.0015.005.414.23
The chart of Martin ratio for HYGW, currently valued at 31.79, compared to the broader market0.0020.0040.0060.0080.00100.00120.0031.7917.03
HYGW
TIME

The current HYGW Sharpe Ratio is 3.28, which is comparable to the TIME Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of HYGW and TIME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.28
3.09
HYGW
TIME

Dividends

HYGW vs. TIME - Dividend Comparison

HYGW's dividend yield for the trailing twelve months is around 12.59%, less than TIME's 14.40% yield.


TTM20232022
HYGW
iShares High Yield Corporate Bond Buywrite Strategy ETF
12.59%15.98%8.72%
TIME
Clockwise Core Equity & Innovation ETF
14.40%21.04%0.00%

Drawdowns

HYGW vs. TIME - Drawdown Comparison

The maximum HYGW drawdown since its inception was -5.49%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for HYGW and TIME. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.52%
0
HYGW
TIME

Volatility

HYGW vs. TIME - Volatility Comparison

The current volatility for iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) is 1.07%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.48%. This indicates that HYGW 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.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
1.07%
6.48%
HYGW
TIME