PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IDRV vs. TIME
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDRV vs. TIME

Last updated Jun 4, 2026

IDRV (iShares Self-Driving EV and Tech ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. IDRV is passively managed, while TIME is actively managed. Over the past year, IDRV returned 49.83% vs 23.44% for TIME. A 0.60 correlation means they provide meaningful diversification when combined. IDRV charges 0.48%/yr vs 1.00%/yr for TIME.

Performance

IDRV vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Self-Driving EV and Tech ETF (IDRV) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, IDRV achieves a 17.17% return, which is significantly higher than TIME's 9.82% return.

IDRV

1D
-2.29%
1M
3.06%
YTD
17.17%
6M
18.17%
1Y
49.83%
3Y*
7.75%
5Y*
-0.25%
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)

IDRV vs. TIME - Yearly Performance Comparison

2026 (YTD)20252024
IDRV
iShares Self-Driving EV and Tech ETF		17.17%32.24%2.94%
TIME
Clockwise Core Equity & Innovation ETF		9.82%10.17%6.75%

Correlation

The correlation between IDRV and TIME is 0.62, 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

0.62

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2024

0.60

The correlation between IDRV and TIME has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.

IDRV vs. TIME - Sectors Allocation Comparison

Sectors
IDRV
TIME

Consumer Cyclical

55.0%
13.8%

Industrials

24.8%
1.0%

Basic Materials

18.5%
3.0%

Technology

1.7%
38.5%

Communication Services

-

17.4%

Consumer Defensive

-

10.1%

Energy

-

8.4%

Financial Services

-

3.2%

Healthcare

-

0.5%

Real Estate

-

-

Utilities

-

5.1%

Consumer Cyclical

IDRV
55.0%
TIME
13.8%

Industrials

IDRV
24.8%
TIME
1.0%

Basic Materials

IDRV
18.5%
TIME
3.0%

Technology

IDRV
1.7%
TIME
38.5%

Communication Services

IDRV

-

TIME
17.4%

Consumer Defensive

IDRV

-

TIME
10.1%

Energy

IDRV

-

TIME
8.4%

Financial Services

IDRV

-

TIME
3.2%

Healthcare

IDRV

-

TIME
0.5%

Real Estate

IDRV

-

TIME

-

Utilities

IDRV

-

TIME
5.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Self-Driving EV and Tech ETF

Clockwise Core Equity & Innovation ETF

Often compared with IDRV:
IDRV vs. DRIVIDRV vs. KARSIDRV vs. ARKQIDRV vs. HAILIDRV vs. LITIDRV vs. BATTIDRV vs. FDRR
Often compared with TIME:
TIME vs. SMHTIME vs. DATTIME vs. MSTYTIME vs. TMFETIME vs. HAILTIME vs. HYGWTIME vs. QYLD

Return for Risk

IDRV vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDRV
IDRV Risk / Return Rank: 6363
Overall Rank
IDRV Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
IDRV Sortino Ratio Rank: 5454
Sortino Ratio Rank
IDRV Omega Ratio Rank: 5454
Omega Ratio Rank
IDRV Calmar Ratio Rank: 7777
Calmar Ratio Rank
IDRV Martin Ratio Rank: 7070
Martin Ratio Rank
TIME
TIME Risk / Return Rank: 4545
Overall Rank
TIME Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
TIME Sortino Ratio Rank: 4848
Sortino Ratio Rank
TIME Omega Ratio Rank: 4949
Omega Ratio Rank
TIME Calmar Ratio Rank: 3636
Calmar Ratio Rank
TIME Martin Ratio Rank: 4141
Martin Ratio Rank
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.

IDRV vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Self-Driving EV and Tech ETF (IDRV) 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.

IDRVTIMEDifference
Sharpe ratioReturn per unit of total volatility
2.02
1.78

+0.24

Sortino ratioReturn per unit of downside risk
2.62
2.40

+0.22

Omega ratioGain probability vs. loss probability

1.34

1.31

+0.03

Calmar ratioReturn relative to maximum drawdown

3.97

1.80

+2.17

Martin ratioReturn relative to average drawdown

13.15

6.63

+6.53

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDRV vs. TIME - Sharpe Ratio Comparison

The current IDRV Sharpe Ratio is 2.02, which is comparable to the TIME Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IDRV 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.

Loading charts...

Sharpe Ratios by Period

IDRVTIMEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.02

1.78

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.01

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.80

-0.46

Drawdowns

IDRV vs. TIME - Drawdown Comparison

The maximum IDRV drawdown since its inception was -53.00%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for IDRV and TIME.

Loading charts...

Drawdown Indicators

IDRVTIMEDifference

Max Drawdown

Largest peak-to-trough decline

-53.00%

-24.26%

-28.74%

Max Drawdown (1Y)

Largest decline over 1 year

-12.62%

-13.09%

+0.47%

Max Drawdown (3Y)

Largest decline over 3 years

-44.00%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-53.00%

—

—

Current Drawdown

Current decline from peak

-13.79%

-0.74%

-13.05%

Average Drawdown

Average peak-to-trough decline

-22.38%

-5.60%

-16.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.80%

3.55%

+0.25%

Volatility

IDRV vs. TIME - Volatility Comparison

iShares Self-Driving EV and Tech ETF (IDRV) has a higher volatility of 9.41% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.48%. This indicates that IDRV'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.

Loading charts...

Volatility by Period

IDRVTIMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.41%

3.48%

+5.93%

Volatility (6M)

Calculated over the trailing 6-month period

18.86%

10.14%

+8.72%

Volatility (1Y)

Calculated over the trailing 1-year period

24.81%

13.27%

+11.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.70%

17.62%

+10.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.09%

17.62%

+10.47%

IDRV vs. TIME - Expense Ratio Comparison

IDRV has a 0.48% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

IDRV vs. TIME - Dividend Comparison

IDRV's dividend yield for the trailing twelve months is around 1.45%, less than TIME's 9.12% yield.

PositionTTM2025202420232022202120202019
IDRV
iShares Self-Driving EV and Tech ETF		1.45%1.70%2.68%2.17%2.29%1.12%0.69%1.29%
TIME
Clockwise Core Equity & Innovation ETF		9.12%10.02%15.84%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IDRV and TIME have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IDRV has higher volatility (9.41%) compared to TIME (3.48%). In terms of maximum drawdown, IDRV dropped -53.00% vs TIME's -24.26%.

On 1-year performance, IDRV leads with 49.83% vs 23.44% for TIME. On fees, IDRV is cheaper at 0.48% 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.

Over the 1-year period, IDRV has performed better with a 49.83% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IDRV is cheaper with a 0.48% expense ratio, compared with 1.00% for TIME.

TIME has the higher dividend yield at 9.12%, compared with 1.45% for IDRV.

They also come from different issuers: iShares and Clockwise Capital. Their fees differ too: 0.48% for IDRV and 1.00% for TIME.

IDRV currently has the higher Sharpe Ratio (2.02 vs 1.78), 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.

Portfolio Optimizer

Find the right allocation for IDRV and TIME

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer