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IGV vs. TIME
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGV vs. TIME

Last updated Aug 4, 2026
Documentation

IGV (iShares Expanded Tech-Software Sector ETF) and TIME (Clockwise U.S. Core Equity ETF) are both Technology Equities funds. IGV is passively managed, while TIME is actively managed. Over the past year, IGV returned -10.30% vs 17.48% for TIME. Their 0.62 correlation means they have sometimes moved together and sometimes differently. IGV charges 0.39%/yr vs 1.00%/yr for TIME.

Performance

IGV vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Expanded Tech-Software Sector ETF (IGV) and Clockwise U.S. Core Equity ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGV achieves a -7.81% return, which is significantly lower than TIME's 7.94% return.

IGV

1D
3.00%
1M
4.11%
6M
8.85%
YTD
-7.81%
1Y
-10.30%
3Y*
12.00%
5Y*
3.63%
10Y*
16.04%
ALL TIME*
9.49%

TIME

1D
1.18%
1M
1.28%
6M
7.90%
YTD
7.94%
1Y
17.48%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

IGV

iShares Expanded Tech-Software Sector ETF
$1.47B$1.27B$1.69B

TIME

Clockwise U.S. Core Equity ETF
$51.24K$43.99K$100.40K

IGV vs. TIME - Yearly Performance Comparison

2026 (YTD)20252024
IGV
iShares Expanded Tech-Software Sector ETF		-7.81%5.56%18.11%
TIME
Clockwise U.S. Core Equity ETF		7.94%10.17%5.94%

Correlation

The correlation between IGV and TIME is 0.43, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.43

Correlation (All Time)
Calculated using the full available price history since Jun 24, 2024

0.62

The correlation between IGV and TIME shifts across timeframes, from 0.43 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.

IGV vs. TIME - Sectors Allocation Comparison

Sectors
IGV
TIME

Technology

89.3%
45.5%

Communication Services

8.3%
15.6%

Financial Services

1.9%
3.6%

Consumer Cyclical

0.3%
6.1%

Industrials

0.1%
5.3%

Basic Materials

-

3.3%

Consumer Defensive

-

5.5%

Energy

-

6.8%

Healthcare

-

6.8%

Real Estate

-

-

Utilities

-

1.6%

Technology

IGV
89.3%
TIME
45.5%

Communication Services

IGV
8.3%
TIME
15.6%

Financial Services

IGV
1.9%
TIME
3.6%

Consumer Cyclical

IGV
0.3%
TIME
6.1%

Industrials

IGV
0.1%
TIME
5.3%

Basic Materials

IGV

-

TIME
3.3%

Consumer Defensive

IGV

-

TIME
5.5%

Energy

IGV

-

TIME
6.8%

Healthcare

IGV

-

TIME
6.8%

Real Estate

IGV

-

TIME

-

Utilities

IGV

-

TIME
1.6%

Compare stocks, funds, or ETFs

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iShares Expanded Tech-Software Sector ETF

Clockwise U.S. Core Equity ETF

Often compared with IGV:
IGV vs. SOXXIGV vs. QQQIGV vs. XSWIGV vs. VGTIGV vs. XLKIGV vs. SMHIGV vs. SMHX
Often compared with TIME:
TIME vs. SMHTIME vs. DATTIME vs. HYGWTIME vs. TMFETIME vs. HAILTIME vs. MSTYTIME vs. ARKK

Return for Risk

IGV vs. TIME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IGV
IGV Risk / Return Rank: 77
Overall Rank
IGV Sharpe Ratio Rank: 66
Sharpe Ratio Rank
IGV Sortino Ratio Rank: 77
Sortino Ratio Rank
IGV Omega Ratio Rank: 77
Omega Ratio Rank
IGV Calmar Ratio Rank: 77
Calmar Ratio Rank
IGV Martin Ratio Rank: 77
Martin Ratio Rank
TIME
TIME Risk / Return Rank: 4444
Overall Rank
TIME Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
TIME Sortino Ratio Rank: 4646
Sortino Ratio Rank
TIME Omega Ratio Rank: 4545
Omega Ratio Rank
TIME Calmar Ratio Rank: 3737
Calmar Ratio Rank
TIME Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IGV vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) and Clockwise U.S. Core Equity 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IGVTIMEDifference
Sharpe ratioReturn per unit of total volatility
-0.35
1.23

-1.59

Sortino ratioReturn per unit of downside risk
-0.31
1.71

-2.03

Omega ratioGain probability vs. loss probability

0.96

1.22

-0.26

Calmar ratioReturn relative to maximum drawdown

-0.28

1.34

-1.62

Martin ratioReturn relative to average drawdown

-0.53

4.58

-5.11

IGV vs. TIME - Sharpe Ratio Comparison

The current IGV Sharpe Ratio is -0.35, which is lower than the TIME Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of IGV 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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Drawdowns

IGV vs. TIME - Drawdown Comparison

The maximum IGV drawdown since its inception was -63.45%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for IGV and TIME.

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Drawdown Indicators

IGVTIMEDifference

Max Drawdown

Largest peak-to-trough decline

-63.45%

-24.26%

-39.19%

Max Drawdown (1Y)

Largest decline over 1 year

-36.61%

-13.09%

-23.52%

Max Drawdown (3Y)

Largest decline over 3 years

-36.61%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-45.85%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-45.85%

—

—

Current Drawdown

Current decline from peak

-17.28%

-2.43%

-14.85%

Average Drawdown

Average peak-to-trough decline

-14.49%

-5.44%

-9.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.38%

3.83%

+15.55%

Volatility

IGV vs. TIME - Volatility Comparison

iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 7.40% compared to Clockwise U.S. Core Equity ETF (TIME) at 4.07%. This indicates that IGV'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

IGVTIMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.40%

4.07%

+3.33%

Volatility (6M)

Calculated over the trailing 6-month period

25.09%

11.18%

+13.91%

Volatility (1Y)

Calculated over the trailing 1-year period

29.25%

14.25%

+15.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.21%

17.55%

+10.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.47%

17.55%

+8.92%

IGV vs. TIME - Expense Ratio Comparison

IGV has a 0.39% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

IGV vs. TIME - Dividend Comparison

IGV's dividend yield for the trailing twelve months is around 0.02%, less than TIME's 9.28% yield.

PositionTTM20252024202320222021202020192018201720162015
IGV
iShares Expanded Tech-Software Sector ETF		0.02%0.00%0.00%0.01%0.01%0.00%0.35%0.02%0.16%0.09%0.82%0.22%
TIME
Clockwise U.S. Core Equity ETF		9.28%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

IGV and TIME have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IGV has higher volatility (7.40%) compared to TIME (4.07%). In terms of maximum drawdown, IGV dropped -63.45% vs TIME's -24.26%.

On 1-year performance, TIME leads with 17.48% vs -10.30% for IGV. On fees, IGV is cheaper at 0.39% per year. On volatility, TIME has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, TIME has performed better with a 17.48% return vs -10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGV is cheaper with a 0.39% expense ratio, compared with 1.00% for TIME.

TIME has the higher dividend yield at 9.28%, compared with 0.02% for IGV.

They also come from different issuers: iShares and Clockwise. Their fees differ too: 0.39% for IGV and 1.00% for TIME.

TIME currently has the higher Sharpe Ratio (1.23 vs -0.35), 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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