ODDS vs. TIME
Compare and contrast key facts about Pacer BlueStar Digital Entertainment ETF (ODDS) and Clockwise Core Equity & Innovation ETF (TIME).
ODDS and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ODDS is a passively managed fund by Pacer that tracks the performance of the BlueStar Global Online Gambling, Video Gaming and eSports Index. It was launched on Apr 7, 2022. 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: ODDS or TIME.
Key characteristics
| ODDS | TIME | |
|---|---|---|
| YTD Return | 17.24% | 28.12% |
| 1Y Return | 23.54% | 42.92% |
| Sharpe Ratio | 1.04 | 2.39 |
| Daily Std Dev | 21.47% | 17.91% |
| Max Drawdown | -25.73% | -42.24% |
| Current Drawdown | -0.45% | -3.90% |
Correlation
The correlation between ODDS and TIME is 0.75, 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
ODDS vs. TIME - Performance Comparison
In the year-to-date period, ODDS achieves a 17.24% return, which is significantly lower than TIME's 28.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ODDS vs. TIME - Expense Ratio Comparison
ODDS has a 0.63% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
ODDS vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Digital Entertainment ETF (ODDS) 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
ODDS vs. TIME - Dividend Comparison
ODDS's dividend yield for the trailing twelve months is around 0.39%, less than TIME's 16.42% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
ODDS Pacer BlueStar Digital Entertainment ETF | 0.39% | 0.66% | 0.42% |
TIME Clockwise Core Equity & Innovation ETF | 16.42% | 21.04% | 0.00% |
Drawdowns
ODDS vs. TIME - Drawdown Comparison
The maximum ODDS drawdown since its inception was -25.73%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for ODDS and TIME. For additional features, visit the drawdowns tool.
Volatility
ODDS vs. TIME - Volatility Comparison
Pacer BlueStar Digital Entertainment ETF (ODDS) has a higher volatility of 5.43% compared to Clockwise Core Equity & Innovation ETF (TIME) at 4.99%. This indicates that ODDS'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.