PP vs. TIME
Compare and contrast key facts about The Meet Kevin Pricing Power ETF (PP) and Clockwise Core Equity & Innovation ETF (TIME).
PP and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PP is an actively managed fund by Meet Kevin. It was launched on Nov 16, 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: PP or TIME.
Correlation
The correlation between PP and TIME is 0.72, 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
PP vs. TIME - Performance Comparison
Key characteristics
PP:
-0.07
TIME:
1.64
PP:
0.05
TIME:
2.17
PP:
1.01
TIME:
1.29
PP:
-0.06
TIME:
2.40
PP:
-0.12
TIME:
8.85
PP:
11.21%
TIME:
3.61%
PP:
20.20%
TIME:
19.40%
PP:
-29.33%
TIME:
-42.24%
PP:
-16.15%
TIME:
-1.68%
Returns By Period
In the year-to-date period, PP achieves a 4.40% return, which is significantly lower than TIME's 9.42% return.
PP
4.40%
1.26%
-7.22%
2.30%
N/A
N/A
TIME
9.42%
2.92%
18.18%
35.63%
N/A
N/A
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PP vs. TIME - Expense Ratio Comparison
PP has a 0.76% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
PP vs. TIME — Risk-Adjusted Performance Rank
PP
TIME
PP vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Meet Kevin Pricing Power ETF (PP) 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
PP vs. TIME - Dividend Comparison
PP's dividend yield for the trailing twelve months is around 0.73%, less than TIME's 14.48% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
PP The Meet Kevin Pricing Power ETF | 0.73% | 0.77% | 0.02% |
TIME Clockwise Core Equity & Innovation ETF | 14.48% | 15.84% | 21.04% |
Drawdowns
PP vs. TIME - Drawdown Comparison
The maximum PP drawdown since its inception was -29.33%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for PP and TIME. For additional features, visit the drawdowns tool.
Volatility
PP vs. TIME - Volatility Comparison
The current volatility for The Meet Kevin Pricing Power ETF (PP) is 5.02%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.54%. This indicates that PP experiences smaller price fluctuations and is considered to be less risky than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.