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IHAK vs. TIME
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IHAK vs. TIME

Last updated Jun 5, 2026

IHAK (iShares Cybersecurity & Tech ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. IHAK is passively managed, while TIME is actively managed. Over the past year, IHAK returned 14.94% vs 23.34% for TIME. A 0.55 correlation means they provide meaningful diversification when combined. IHAK charges 0.47%/yr vs 1.00%/yr for TIME.

Performance

IHAK vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Cybersecurity & Tech ETF (IHAK) 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, IHAK achieves a 22.96% return, which is significantly higher than TIME's 9.93% return.

IHAK

1D
-0.22%
1M
19.29%
YTD
22.96%
6M
19.22%
1Y
14.94%
3Y*
17.49%
5Y*
7.79%
10Y*
—

TIME

1D
0.10%
1M
4.03%
YTD
9.93%
6M
10.55%
1Y
23.34%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IHAK vs. TIME - Yearly Performance Comparison

2026 (YTD)20252024
IHAK
iShares Cybersecurity & Tech ETF		22.96%-1.29%10.02%
TIME
Clockwise Core Equity & Innovation ETF		9.93%10.17%6.75%

Correlation

The correlation between IHAK and TIME is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

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

0.55

The correlation between IHAK and TIME shifts across timeframes, from 0.40 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

IHAK vs. TIME - Sectors Allocation Comparison

Sectors
IHAK
TIME

Technology

95.8%
38.5%

Industrials

3.3%
1.0%

Communication Services

0.4%
17.4%

Basic Materials

-

3.0%

Consumer Cyclical

-

13.8%

Consumer Defensive

-

10.1%

Energy

-

8.4%

Financial Services

-

3.2%

Healthcare

-

0.5%

Real Estate

-

-

Utilities

-

5.1%

Technology

IHAK
95.8%
TIME
38.5%

Industrials

IHAK
3.3%
TIME
1.0%

Communication Services

IHAK
0.4%
TIME
17.4%

Basic Materials

IHAK

-

TIME
3.0%

Consumer Cyclical

IHAK

-

TIME
13.8%

Consumer Defensive

IHAK

-

TIME
10.1%

Energy

IHAK

-

TIME
8.4%

Financial Services

IHAK

-

TIME
3.2%

Healthcare

IHAK

-

TIME
0.5%

Real Estate

IHAK

-

TIME

-

Utilities

IHAK

-

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 Cybersecurity & Tech ETF

Clockwise Core Equity & Innovation ETF

Often compared with IHAK:
IHAK vs. CIBRIHAK vs. BUGIHAK vs. WCBRIHAK vs. LOCK.LIHAK vs. SPYIHAK vs. TECBIHAK vs. CYSE.L
Often compared with TIME:
TIME vs. SMHTIME vs. DATTIME vs. MSTYTIME vs. TMFETIME vs. HAILTIME vs. HYGWTIME vs. QYLD

Return for Risk

IHAK vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IHAK
IHAK Risk / Return Rank: 1919
Overall Rank
IHAK Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
IHAK Sortino Ratio Rank: 2020
Sortino Ratio Rank
IHAK Omega Ratio Rank: 2020
Omega Ratio Rank
IHAK Calmar Ratio Rank: 1717
Calmar Ratio Rank
IHAK Martin Ratio Rank: 1616
Martin Ratio Rank
TIME
TIME Risk / Return Rank: 4646
Overall Rank
TIME Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
TIME Sortino Ratio Rank: 5050
Sortino Ratio Rank
TIME Omega Ratio Rank: 5151
Omega Ratio Rank
TIME Calmar Ratio Rank: 3636
Calmar Ratio Rank
TIME Martin Ratio Rank: 4242
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.

IHAK vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Cybersecurity & Tech ETF (IHAK) 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.

IHAKTIMEDifference
Sharpe ratioReturn per unit of total volatility
0.62
1.77

-1.14

Sortino ratioReturn per unit of downside risk
0.98
2.39

-1.41

Omega ratioGain probability vs. loss probability

1.13

1.31

-0.19

Calmar ratioReturn relative to maximum drawdown

0.64

1.79

-1.15

Martin ratioReturn relative to average drawdown

1.50

6.60

-5.10

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

IHAK vs. TIME - Sharpe Ratio Comparison

The current IHAK Sharpe Ratio is 0.62, which is lower than the TIME Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of IHAK 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

IHAKTIMEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.62

1.77

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.81

-0.26

Drawdowns

IHAK vs. TIME - Drawdown Comparison

The maximum IHAK drawdown since its inception was -34.42%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for IHAK and TIME.

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Drawdown Indicators

IHAKTIMEDifference

Max Drawdown

Largest peak-to-trough decline

-34.42%

-24.26%

-10.16%

Max Drawdown (1Y)

Largest decline over 1 year

-23.48%

-13.09%

-10.39%

Max Drawdown (3Y)

Largest decline over 3 years

-23.48%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-34.42%

—

—

Current Drawdown

Current decline from peak

-3.03%

-0.64%

-2.39%

Average Drawdown

Average peak-to-trough decline

-10.76%

-5.59%

-5.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.98%

3.55%

+6.43%

Volatility

IHAK vs. TIME - Volatility Comparison

iShares Cybersecurity & Tech ETF (IHAK) has a higher volatility of 9.43% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.27%. This indicates that IHAK'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

IHAKTIMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.43%

3.27%

+6.16%

Volatility (6M)

Calculated over the trailing 6-month period

19.92%

10.14%

+9.78%

Volatility (1Y)

Calculated over the trailing 1-year period

24.03%

13.25%

+10.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.57%

17.61%

+5.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.41%

17.61%

+6.80%

IHAK vs. TIME - Expense Ratio Comparison

IHAK has a 0.47% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

IHAK vs. TIME - Dividend Comparison

IHAK's dividend yield for the trailing twelve months is around 0.07%, less than TIME's 9.12% yield.

PositionTTM2025202420232022202120202019
IHAK
iShares Cybersecurity & Tech ETF		0.07%0.08%0.20%0.13%0.25%0.50%0.40%0.50%
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

IHAK and TIME have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IHAK has higher volatility (9.43%) compared to TIME (3.27%). In terms of maximum drawdown, IHAK dropped -34.42% vs TIME's -24.26%.

On 1-year performance, TIME leads with 23.34% vs 14.94% for IHAK. On fees, IHAK is cheaper at 0.47% per year. On volatility, TIME has been the lower-risk option at 3.27%. 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 23.34% return vs 14.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IHAK is cheaper with a 0.47% expense ratio, compared with 1.00% for TIME.

TIME has the higher dividend yield at 9.12%, compared with 0.07% for IHAK.

They also come from different issuers: iShares and Clockwise Capital. Their fees differ too: 0.47% for IHAK and 1.00% for TIME.

TIME currently has the higher Sharpe Ratio (1.77 vs 0.62), 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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