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IXN vs. TIME
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXN vs. TIME

Last updated Jun 4, 2026

IXN (iShares Global Tech ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. IXN is passively managed, while TIME is actively managed. Over the past year, IXN returned 74.57% vs 23.44% for TIME. A 0.78 correlation means they provide meaningful diversification when combined. IXN charges 0.46%/yr vs 1.00%/yr for TIME.

Performance

IXN vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) 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, IXN achieves a 41.18% return, which is significantly higher than TIME's 9.82% return.

IXN

1D
-1.00%
1M
21.36%
YTD
41.18%
6M
41.72%
1Y
74.57%
3Y*
36.05%
5Y*
23.25%
10Y*
25.57%

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)

IXN vs. TIME - Yearly Performance Comparison

2026 (YTD)20252024
IXN
iShares Global Tech ETF		41.18%25.25%4.24%
TIME
Clockwise Core Equity & Innovation ETF		9.82%10.17%6.75%

Correlation

The correlation between IXN and TIME is 0.75, 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

0.75

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

0.78

The correlation between IXN and TIME has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

IXN vs. TIME - Sectors Allocation Comparison

Sectors
IXN
TIME

Technology

99.3%
38.5%

Industrials

0.2%
1.0%

Energy

0.1%
8.4%

Healthcare

0.1%
0.5%

Real Estate

0.0%

-

Basic Materials

-

3.0%

Communication Services

-

17.4%

Consumer Cyclical

-

13.8%

Consumer Defensive

-

10.1%

Financial Services

-

3.2%

Utilities

-

5.1%

Technology

IXN
99.3%
TIME
38.5%

Industrials

IXN
0.2%
TIME
1.0%

Energy

IXN
0.1%
TIME
8.4%

Healthcare

IXN
0.1%
TIME
0.5%

Real Estate

IXN
0.0%
TIME

-

Basic Materials

IXN

-

TIME
3.0%

Communication Services

IXN

-

TIME
17.4%

Consumer Cyclical

IXN

-

TIME
13.8%

Consumer Defensive

IXN

-

TIME
10.1%

Financial Services

IXN

-

TIME
3.2%

Utilities

IXN

-

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 Global Tech ETF

Clockwise Core Equity & Innovation ETF

Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC
Often compared with TIME:
TIME vs. SMHTIME vs. DATTIME vs. MSTYTIME vs. TMFETIME vs. HAILTIME vs. HYGWTIME vs. QYLD

Return for Risk

IXN vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXN
IXN Risk / Return Rank: 8888
Overall Rank
IXN Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8888
Sortino Ratio Rank
IXN Omega Ratio Rank: 8686
Omega Ratio Rank
IXN Calmar Ratio Rank: 8989
Calmar Ratio Rank
IXN Martin Ratio Rank: 8686
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.

IXN vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

IXNTIMEDifference
Sharpe ratioReturn per unit of total volatility
3.41
1.78

+1.64

Sortino ratioReturn per unit of downside risk
4.14
2.40

+1.74

Omega ratioGain probability vs. loss probability

1.54

1.31

+0.23

Calmar ratioReturn relative to maximum drawdown

5.43

1.80

+3.64

Martin ratioReturn relative to average drawdown

18.73

6.63

+12.11

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

IXN vs. TIME - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 3.41, which is higher than the TIME Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of IXN 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

IXNTIMEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.41

1.78

+1.64

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.05

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.80

-0.26

Drawdowns

IXN vs. TIME - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for IXN and TIME.

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Drawdown Indicators

IXNTIMEDifference

Max Drawdown

Largest peak-to-trough decline

-55.67%

-24.26%

-31.41%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-13.09%

-0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-25.55%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-36.30%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

—

—

Current Drawdown

Current decline from peak

-1.00%

-0.74%

-0.26%

Average Drawdown

Average peak-to-trough decline

-11.27%

-5.60%

-5.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.99%

3.55%

+0.44%

Volatility

IXN vs. TIME - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 7.95% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.48%. This indicates that IXN'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

IXNTIMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.95%

3.48%

+4.47%

Volatility (6M)

Calculated over the trailing 6-month period

17.85%

10.14%

+7.71%

Volatility (1Y)

Calculated over the trailing 1-year period

21.98%

13.27%

+8.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.84%

17.62%

+7.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.40%

17.62%

+6.78%

IXN vs. TIME - Expense Ratio Comparison

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

Dividends

IXN vs. TIME - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.74%, less than TIME's 9.12% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.74%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
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

IXN and TIME have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IXN has higher volatility (7.95%) compared to TIME (3.48%). In terms of maximum drawdown, IXN dropped -55.67% vs TIME's -24.26%.

On 1-year performance, IXN leads with 74.57% vs 23.44% for TIME. On fees, IXN 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, IXN has performed better with a 74.57% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IXN 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 0.74% for IXN.

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

IXN currently has the higher Sharpe Ratio (3.41 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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