MAKX vs. TIME
Compare and contrast key facts about ProShares S&P Kensho Smart Factories ETF (MAKX) and Clockwise Core Equity & Innovation ETF (TIME).
MAKX and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAKX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Smart Factories Index. It was launched on Sep 29, 2021. 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: MAKX or TIME.
Correlation
The correlation between MAKX and TIME is 0.81, 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
MAKX vs. TIME - Performance Comparison
Key characteristics
MAKX:
0.61
TIME:
1.66
MAKX:
0.97
TIME:
2.19
MAKX:
1.12
TIME:
1.29
MAKX:
0.60
TIME:
2.43
MAKX:
1.91
TIME:
8.93
MAKX:
7.30%
TIME:
3.62%
MAKX:
22.82%
TIME:
19.42%
MAKX:
-40.27%
TIME:
-42.24%
MAKX:
-3.07%
TIME:
-0.35%
Returns By Period
In the year-to-date period, MAKX achieves a 4.89% return, which is significantly lower than TIME's 10.90% return.
MAKX
4.89%
2.58%
18.30%
17.50%
N/A
N/A
TIME
10.90%
6.03%
18.21%
35.96%
N/A
N/A
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MAKX vs. TIME - Expense Ratio Comparison
MAKX has a 0.58% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
MAKX vs. TIME — Risk-Adjusted Performance Rank
MAKX
TIME
MAKX vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Smart Factories ETF (MAKX) 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
MAKX vs. TIME - Dividend Comparison
MAKX's dividend yield for the trailing twelve months is around 0.23%, less than TIME's 14.28% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
MAKX ProShares S&P Kensho Smart Factories ETF | 0.23% | 0.24% | 0.52% | 0.31% |
TIME Clockwise Core Equity & Innovation ETF | 14.28% | 15.84% | 21.04% | 0.00% |
Drawdowns
MAKX vs. TIME - Drawdown Comparison
The maximum MAKX drawdown since its inception was -40.27%, roughly equal to the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for MAKX and TIME. For additional features, visit the drawdowns tool.
Volatility
MAKX vs. TIME - Volatility Comparison
ProShares S&P Kensho Smart Factories ETF (MAKX) and Clockwise Core Equity & Innovation ETF (TIME) have volatilities of 6.19% and 6.50%, 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.