JTEK vs. TIME
Compare and contrast key facts about JPMorgan U.S. Tech Leaders ETF (JTEK) and Clockwise Core Equity & Innovation ETF (TIME).
JTEK and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JTEK is an actively managed fund by JPMorgan. It was launched on Oct 4, 2023. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JTEK or TIME.
Correlation
The correlation between JTEK and TIME is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
JTEK vs. TIME - Performance Comparison
Key characteristics
JTEK:
1.03
TIME:
1.64
JTEK:
1.46
TIME:
2.17
JTEK:
1.19
TIME:
1.29
JTEK:
1.44
TIME:
2.40
JTEK:
4.85
TIME:
8.85
JTEK:
5.43%
TIME:
3.61%
JTEK:
25.51%
TIME:
19.40%
JTEK:
-18.26%
TIME:
-42.24%
JTEK:
-2.86%
TIME:
-1.68%
Returns By Period
The year-to-date returns for both investments are quite close, with JTEK having a 9.21% return and TIME slightly higher at 9.42%.
JTEK
9.21%
2.67%
24.72%
30.57%
N/A
N/A
TIME
9.42%
2.92%
18.18%
35.63%
N/A
N/A
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JTEK vs. TIME - Expense Ratio Comparison
JTEK has a 0.65% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
JTEK vs. TIME — Risk-Adjusted Performance Rank
JTEK
TIME
JTEK vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Tech Leaders ETF (JTEK) 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.
Dividends
JTEK vs. TIME - Dividend Comparison
JTEK has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 14.48%.
| TTM | 2024 | 2023 | |
|---|---|---|---|
JTEK JPMorgan U.S. Tech Leaders ETF | 0.00% | 0.00% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 14.48% | 15.84% | 21.04% |
Drawdowns
JTEK vs. TIME - Drawdown Comparison
The maximum JTEK drawdown since its inception was -18.26%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for JTEK and TIME. For additional features, visit the drawdowns tool.
Volatility
JTEK vs. TIME - Volatility Comparison
JPMorgan U.S. Tech Leaders ETF (JTEK) has a higher volatility of 7.97% compared to Clockwise Core Equity & Innovation ETF (TIME) at 6.54%. This indicates that JTEK'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.