IDGT vs. TIME
Compare and contrast key facts about iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) and Clockwise Core Equity & Innovation ETF (TIME).
IDGT and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IDGT is a passively managed fund by iShares that tracks the performance of the S&P Data Center, Tower REIT and Communications Equipment Index - Benchmark TR Gross. It was launched on Jul 10, 2001. 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: IDGT or TIME.
Key characteristics
| IDGT | TIME | |
|---|---|---|
| YTD Return | 22.77% | 42.88% |
| 1Y Return | 39.75% | 57.84% |
| Sharpe Ratio | 2.13 | 3.23 |
| Sortino Ratio | 2.90 | 4.02 |
| Omega Ratio | 1.38 | 1.55 |
| Calmar Ratio | 1.19 | 3.86 |
| Martin Ratio | 7.63 | 17.73 |
| Ulcer Index | 5.14% | 3.30% |
| Daily Std Dev | 18.41% | 18.14% |
| Max Drawdown | -77.95% | -42.24% |
| Current Drawdown | -6.31% | -0.61% |
Correlation
The correlation between IDGT and TIME is 0.72, 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
IDGT vs. TIME - Performance Comparison
In the year-to-date period, IDGT achieves a 22.77% return, which is significantly lower than TIME's 42.88% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IDGT vs. TIME - Expense Ratio Comparison
IDGT has a 0.41% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
IDGT vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) 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
IDGT vs. TIME - Dividend Comparison
IDGT's dividend yield for the trailing twelve months is around 1.38%, less than TIME's 14.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF | 1.38% | 0.37% | 0.30% | 0.22% | 0.60% | 0.42% | 0.65% | 0.57% | 0.76% | 0.72% | 0.50% | 0.38% |
TIME Clockwise Core Equity & Innovation ETF | 14.72% | 21.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IDGT vs. TIME - Drawdown Comparison
The maximum IDGT drawdown since its inception was -77.95%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for IDGT and TIME. For additional features, visit the drawdowns tool.
Volatility
IDGT vs. TIME - Volatility Comparison
The current volatility for iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) is 4.47%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.63%. This indicates that IDGT 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.