KROP vs. TIME

Last updated Apr 1, 2026

Compare and contrast key facts about Global X AgTech & Food Innovation ETF (KROP) and Clockwise Core Equity & Innovation ETF (TIME).

KROP and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KROP is a passively managed fund by Global X that tracks the performance of the Solactive AgTech & Food Innovation Index. It was launched on Jul 12, 2021. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.

Performance

KROP vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AgTech & Food Innovation ETF (KROP) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

KROP vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KROP Global X AgTech & Food Innovation ETF	14.02%	7.95%	-3.53%
TIME Clockwise Core Equity & Innovation ETF	-7.92%	10.17%	6.75%

Returns By Period

In the year-to-date period, KROP achieves a 14.02% return, which is significantly higher than TIME's -7.92% return.

KROP

• 1D: 1.09%
• 1M: -5.99%
• YTD: 14.02%
• 6M: 11.97%
• 1Y: 19.02%
• 3Y*: -5.52%
• 5Y*: —
• 10Y*: —

TIME

• 1D: 2.20%
• 1M: -5.68%
• YTD: -7.92%
• 6M: -6.35%
• 1Y: 11.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KROP vs. TIME - Expense Ratio Comparison

KROP has a 0.50% expense ratio, which is lower than TIME's 1.00% expense ratio.

TIME

Clockwise Core Equity & Innovation ETF

KROP

Global X AgTech & Food Innovation ETF

Return for Risk

KROP vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KROP

KROP Risk / Return Rank: 55
KROP Sharpe Ratio Rank: 57
KROP Sortino Ratio Rank: 57
KROP Omega Ratio Rank: 54
KROP Calmar Ratio Rank: 65
KROP Martin Ratio Rank: 41

TIME

TIME Risk / Return Rank: 40
TIME Sharpe Ratio Rank: 43
TIME Sortino Ratio Rank: 42
TIME Omega Ratio Rank: 39
TIME Calmar Ratio Rank: 37
TIME Martin Ratio Rank: 39

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.

KROP vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AgTech & Food Innovation ETF (KROP) 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.

	KROP	TIME	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.76	+0.23
Sortino ratio Return per unit of downside risk	1.45	1.13	+0.33
Omega ratio Gain probability vs. loss probability	1.20	1.15	+0.05
Calmar ratio Return relative to maximum drawdown	1.63	0.90	+0.73
Martin ratio Return relative to average drawdown	3.86	3.48	+0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KROP vs. TIME - Sharpe Ratio Comparison

The current KROP Sharpe Ratio is 0.99, which is comparable to the TIME Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of KROP and TIME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KROP	TIME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.76	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.26	-0.86

Correlation

The correlation between KROP and TIME is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KROP vs. TIME - Dividend Comparison

KROP's dividend yield for the trailing twelve months is around 2.40%, less than TIME's 10.88% yield.

	TTM	2025	2024	2023	2022	2021
KROP Global X AgTech & Food Innovation ETF	2.40%	2.73%	1.89%	1.36%	0.71%	0.69%
TIME Clockwise Core Equity & Innovation ETF	10.88%	10.02%	15.84%	0.00%	0.00%	0.00%

Drawdowns

KROP vs. TIME - Drawdown Comparison

The maximum KROP drawdown since its inception was -61.96%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for KROP and TIME.

Drawdown Indicators

	KROP	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-61.96%	-24.26%	-37.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-13.09%	+1.80%
Current Drawdown Current decline from peak	-50.06%	-11.18%	-38.88%
Average Drawdown Average peak-to-trough decline	-44.32%	-5.94%	-38.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	3.39%	+1.38%

Volatility

KROP vs. TIME - Volatility Comparison

Global X AgTech & Food Innovation ETF (KROP) and Clockwise Core Equity & Innovation ETF (TIME) have volatilities of 5.45% and 5.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KROP	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	5.31%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	10.67%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	15.02%	+4.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.44%	17.99%	+4.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	17.99%	+4.45%