ILDR vs. TIME

Last updated Aug 2, 2026

ILDR (First Trust Innovation Leaders ETF) and TIME (Clockwise U.S. Core Equity ETF) are both Technology Equities funds. Both are actively managed. Over the past year, ILDR returned 22.56% vs 16.12% for TIME. Their correlation of 0.82 means they have usually moved in the same direction. ILDR charges 0.75%/yr vs 1.00%/yr for TIME.

Performance

ILDR vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Innovation Leaders ETF (ILDR) and Clockwise U.S. Core Equity ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ILDR achieves a 10.34% return, which is significantly higher than TIME's 6.68% return.

ILDR

• 1D: 1.11%
• 1M: -4.81%
• 6M: 10.66%
• YTD: 10.34%
• 1Y: 22.56%
• 3Y*: 24.57%
• 5Y*: 10.56%
• 10Y*: —
• ALL TIME*: 11.99%

TIME

• 1D: 0.63%
• 1M: 0.10%
• 6M: 6.87%
• YTD: 6.68%
• 1Y: 16.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ILDR First Trust Innovation Leaders ETF	$1.72M	$2.15M	$1.99M
TIME Clockwise U.S. Core Equity ETF	$50.21K	$44.64K	$109.23K

ILDR vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ILDR First Trust Innovation Leaders ETF	10.34%	29.22%	10.24%
TIME Clockwise U.S. Core Equity ETF	6.68%	10.17%	5.94%

Correlation

The correlation between ILDR and TIME is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.82

The correlation between ILDR and TIME has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

ILDR vs. TIME - Sectors Allocation Comparison

Sectors	ILDR	TIME
Technology	37.8%	45.5%
Healthcare	13.4%	6.8%
Industrials	13.4%	5.3%
Utilities	7.3%	1.6%
Communication Services	6.1%	15.6%
Consumer Cyclical	4.9%	6.1%
Financial Services	4.9%	3.6%
Basic Materials	1.2%	3.3%
Energy	1.2%	6.8%
Consumer Defensive	-	5.5%
Real Estate	-	-

Return for Risk

ILDR vs. TIME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ILDR

ILDR Risk / Return Rank: 33
ILDR Sharpe Ratio Rank: 33
ILDR Sortino Ratio Rank: 32
ILDR Omega Ratio Rank: 31
ILDR Calmar Ratio Rank: 33
ILDR Martin Ratio Rank: 34

TIME

TIME Risk / Return Rank: 40
TIME Sharpe Ratio Rank: 44
TIME Sortino Ratio Rank: 42
TIME Omega Ratio Rank: 42
TIME Calmar Ratio Rank: 35
TIME Martin Ratio Rank: 39

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.

ILDR vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Innovation Leaders ETF (ILDR) 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.

	ILDR	TIME	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.10	-0.30
Sortino ratio: Return per unit of downside risk	1.23	1.55	-0.32
Omega ratio: Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio: Return relative to maximum drawdown	1.12	1.20	-0.08
Martin ratio: Return relative to average drawdown	3.28	4.09	-0.81

ILDR vs. TIME - Sharpe Ratio Comparison

The current ILDR Sharpe Ratio is 0.81, which is comparable to the TIME Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of ILDR 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.

Drawdowns

ILDR vs. TIME - Drawdown Comparison

The maximum ILDR drawdown since its inception was -44.61%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for ILDR and TIME.

Drawdown Indicators

	ILDR	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-44.61%	-24.26%	-20.35%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-13.09%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-26.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.61%	—	—
Current Drawdown Current decline from peak	-10.21%	-3.57%	-6.64%
Average Drawdown Average peak-to-trough decline	-14.71%	-5.44%	-9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.01%	3.83%	+2.18%

Volatility

ILDR vs. TIME - Volatility Comparison

First Trust Innovation Leaders ETF (ILDR) has a higher volatility of 8.29% compared to Clockwise U.S. Core Equity ETF (TIME) at 3.90%. This indicates that ILDR'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.

Volatility by Period

	ILDR	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.29%	3.90%	+4.39%
Volatility (6M) Calculated over the trailing 6-month period	19.87%	11.44%	+8.43%
Volatility (1Y) Calculated over the trailing 1-year period	24.43%	14.19%	+10.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.62%	17.55%	+9.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.27%	17.55%	+8.72%

ILDR vs. TIME - Expense Ratio Comparison

ILDR has a 0.75% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

ILDR vs. TIME - Dividend Comparison

ILDR has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 9.39%.

Position	TTM	2025	2024	2023	2022	2021
ILDR First Trust Innovation Leaders ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.16%
TIME Clockwise U.S. Core Equity ETF	9.39%	10.02%	15.84%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ILDR and TIME in my portfolio?

ILDR and TIME have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ILDR or TIME?

ILDR has higher volatility (8.29%) compared to TIME (3.90%). In terms of maximum drawdown, ILDR dropped -44.61% vs TIME's -24.26%.

Which ETF is better, ILDR or TIME?

On 1-year performance, ILDR leads with 22.56% vs 16.12% for TIME. On fees, ILDR is cheaper at 0.75% per year. On volatility, TIME has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ILDR or TIME?

Over the 1-year period, ILDR has performed better with a 22.56% return vs 16.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ILDR or TIME?

ILDR is cheaper with a 0.75% expense ratio, compared with 1.00% for TIME.

Which ETF pays a higher dividend yield, ILDR or TIME?

TIME has the higher dividend yield at 9.39%, compared with 0.00% for ILDR.

What is the main difference between ILDR and TIME?

They also come from different issuers: First Trust and Clockwise. Their fees differ too: 0.75% for ILDR and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.10 vs 0.81), 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.