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IGM vs. TIME
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGM vs. TIME

Last updated Jun 4, 2026

IGM (iShares Expanded Tech Sector ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. IGM is passively managed, while TIME is actively managed. Over the past year, IGM returned 62.26% vs 23.44% for TIME. Their correlation of 0.81 suggests significant overlap in exposure. IGM charges 0.46%/yr vs 1.00%/yr for TIME.

Performance

IGM vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech Sector ETF (IGM) 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, IGM achieves a 31.32% return, which is significantly higher than TIME's 9.82% return.

IGM

1D
-0.84%
1M
16.93%
YTD
31.32%
6M
29.19%
1Y
62.26%
3Y*
39.18%
5Y*
22.04%
10Y*
25.19%

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)

IGM vs. TIME - Yearly Performance Comparison

2026 (YTD)20252024
IGM
iShares Expanded Tech Sector ETF		31.32%26.76%10.30%
TIME
Clockwise Core Equity & Innovation ETF		9.82%10.17%6.75%

Correlation

The correlation between IGM and TIME is 0.77, 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

0.77

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

0.81

The correlation between IGM and TIME has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

IGM vs. TIME - Sectors Allocation Comparison

Sectors
IGM
TIME

Technology

82.8%
38.5%

Communication Services

16.8%
17.4%

Financial Services

0.2%
3.2%

Industrials

0.2%
1.0%

Energy

0.1%
8.4%

Consumer Cyclical

0.1%
13.8%

Basic Materials

-

3.0%

Consumer Defensive

-

10.1%

Healthcare

-

0.5%

Real Estate

-

-

Utilities

-

5.1%

Technology

IGM
82.8%
TIME
38.5%

Communication Services

IGM
16.8%
TIME
17.4%

Financial Services

IGM
0.2%
TIME
3.2%

Industrials

IGM
0.2%
TIME
1.0%

Energy

IGM
0.1%
TIME
8.4%

Consumer Cyclical

IGM
0.1%
TIME
13.8%

Basic Materials

IGM

-

TIME
3.0%

Consumer Defensive

IGM

-

TIME
10.1%

Healthcare

IGM

-

TIME
0.5%

Real Estate

IGM

-

TIME

-

Utilities

IGM

-

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 Expanded Tech Sector ETF

Clockwise Core Equity & Innovation ETF

Often compared with IGM:
IGM vs. QQQIGM vs. VGTIGM vs. IYWIGM vs. XLKIGM vs. IXNIGM vs. VOOIGM vs. IETC
Often compared with TIME:
TIME vs. SMHTIME vs. DATTIME vs. MSTYTIME vs. TMFETIME vs. HAILTIME vs. HYGWTIME vs. QYLD

Return for Risk

IGM vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGM
IGM Risk / Return Rank: 7979
Overall Rank
IGM Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IGM Sortino Ratio Rank: 8383
Sortino Ratio Rank
IGM Omega Ratio Rank: 8181
Omega Ratio Rank
IGM Calmar Ratio Rank: 7474
Calmar Ratio Rank
IGM 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.

IGM vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.

IGMTIMEDifference
Sharpe ratioReturn per unit of total volatility
3.07
1.78

+1.29

Sortino ratioReturn per unit of downside risk
3.78
2.40

+1.38

Omega ratioGain probability vs. loss probability

1.50

1.31

+0.18

Calmar ratioReturn relative to maximum drawdown

3.81

1.80

+2.01

Martin ratioReturn relative to average drawdown

13.36

6.63

+6.73

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

IGM vs. TIME - Sharpe Ratio Comparison

The current IGM Sharpe Ratio is 3.07, which is higher than the TIME Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IGM 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.

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Sharpe Ratios by Period

IGMTIMEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.07

1.78

+1.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.03

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.80

-0.32

Drawdowns

IGM vs. TIME - Drawdown Comparison

The maximum IGM drawdown since its inception was -65.59%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for IGM and TIME.

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Drawdown Indicators

IGMTIMEDifference

Max Drawdown

Largest peak-to-trough decline

-65.59%

-24.26%

-41.33%

Max Drawdown (1Y)

Largest decline over 1 year

-16.44%

-13.09%

-3.35%

Max Drawdown (3Y)

Largest decline over 3 years

-26.39%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-40.68%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-40.68%

—

—

Current Drawdown

Current decline from peak

-0.84%

-0.74%

-0.10%

Average Drawdown

Average peak-to-trough decline

-15.23%

-5.60%

-9.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.67%

3.55%

+1.12%

Volatility

IGM vs. TIME - Volatility Comparison

iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 6.10% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.48%. This indicates that IGM'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.

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Volatility by Period

IGMTIMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.10%

3.48%

+2.62%

Volatility (6M)

Calculated over the trailing 6-month period

16.08%

10.14%

+5.94%

Volatility (1Y)

Calculated over the trailing 1-year period

20.43%

13.27%

+7.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.68%

17.62%

+8.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.54%

17.62%

+6.92%

IGM vs. TIME - Expense Ratio Comparison

IGM has a 0.46% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

IGM vs. TIME - Dividend Comparison

IGM's dividend yield for the trailing twelve months is around 0.12%, less than TIME's 9.12% yield.

PositionTTM20252024202320222021202020192018201720162015
IGM
iShares Expanded Tech Sector ETF		0.12%0.17%0.22%0.33%0.66%0.16%0.32%0.50%0.57%0.57%0.90%0.79%
TIME
Clockwise Core Equity & Innovation ETF		9.12%10.02%15.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IGM and TIME have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGM has higher volatility (6.10%) compared to TIME (3.48%). In terms of maximum drawdown, IGM dropped -65.59% vs TIME's -24.26%.

On 1-year performance, IGM leads with 62.26% vs 23.44% for TIME. On fees, IGM is cheaper at 0.46% 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, IGM has performed better with a 62.26% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGM is cheaper with a 0.46% expense ratio, compared with 1.00% for TIME.

TIME has the higher dividend yield at 9.12%, compared with 0.12% for IGM.

They also come from different issuers: iShares and Clockwise Capital. Their fees differ too: 0.46% for IGM and 1.00% for TIME.

IGM currently has the higher Sharpe Ratio (3.07 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.

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