PSWD vs. TIME

Last updated Aug 2, 2026

PSWD (Xtrackers Cybersecurity Select Equity ETF) and TIME (Clockwise U.S. Core Equity ETF) are both Technology Equities funds. PSWD is passively managed, while TIME is actively managed. Over the past year, PSWD returned 20.73% vs 16.12% for TIME. Their 0.55 correlation means they have sometimes moved together and sometimes differently. PSWD charges 0.20%/yr vs 1.00%/yr for TIME.

Performance

PSWD vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Cybersecurity Select Equity ETF (PSWD) and Clockwise U.S. Core Equity ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSWD achieves a 26.31% return, which is significantly higher than TIME's 6.68% return.

PSWD

• 1D: 1.28%
• 1M: -1.30%
• 6M: 26.74%
• YTD: 26.31%
• 1Y: 20.73%
• 3Y*: 17.15%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.24%

TIME

• 1D: 0.63%
• 1M: 0.10%
• 6M: 6.87%
• YTD: 6.68%
• 1Y: 16.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSWD Xtrackers Cybersecurity Select Equity ETF	$62.12K	$66.88K	$71.33K
TIME Clockwise U.S. Core Equity ETF	$50.21K	$44.64K	$109.23K

PSWD vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSWD Xtrackers Cybersecurity Select Equity ETF	26.31%	1.69%	14.54%
TIME Clockwise U.S. Core Equity ETF	6.68%	10.17%	5.94%

Correlation

The correlation between PSWD and TIME is 0.43, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.43
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.55

The correlation between PSWD and TIME shifts across timeframes, from 0.43 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

PSWD vs. TIME - Sectors Allocation Comparison

Sectors	PSWD	TIME
Technology	98.1%	45.5%
Industrials	1.1%	5.3%
Real Estate	0.4%	-
Communication Services	0.1%	15.6%
Financial Services	0.1%	3.6%
Consumer Cyclical	0.1%	6.1%
Healthcare	0.1%	6.8%
Consumer Defensive	0.0%	5.5%
Energy	0.0%	6.8%
Utilities	0.0%	1.6%
Basic Materials	0.0%	3.3%

Return for Risk

PSWD vs. TIME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSWD

PSWD Risk / Return Rank: 27
PSWD Sharpe Ratio Rank: 28
PSWD Sortino Ratio Rank: 29
PSWD Omega Ratio Rank: 28
PSWD Calmar Ratio Rank: 26
PSWD Martin Ratio Rank: 23

TIME

TIME Risk / Return Rank: 40
TIME Sharpe Ratio Rank: 44
TIME Sortino Ratio Rank: 42
TIME Omega Ratio Rank: 42
TIME Calmar Ratio Rank: 35
TIME Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSWD vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Cybersecurity Select Equity ETF (PSWD) and Clockwise U.S. Core Equity 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PSWD	TIME	Difference
Sharpe ratio: Return per unit of total volatility	0.69	1.10	-0.42
Sortino ratio: Return per unit of downside risk	1.09	1.55	-0.46
Omega ratio: Gain probability vs. loss probability	1.14	1.20	-0.06
Calmar ratio: Return relative to maximum drawdown	0.79	1.20	-0.40
Martin ratio: Return relative to average drawdown	1.78	4.09	-2.31

PSWD vs. TIME - Sharpe Ratio Comparison

The current PSWD Sharpe Ratio is 0.69, which is lower than the TIME Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of PSWD and TIME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSWD vs. TIME - Drawdown Comparison

The maximum PSWD drawdown since its inception was -23.70%, roughly equal to the maximum TIME drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for PSWD and TIME.

Drawdown Indicators

	PSWD	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-23.70%	-24.26%	+0.56%
Max Drawdown (1Y) Largest decline over 1 year	-23.70%	-13.09%	-10.61%
Max Drawdown (3Y) Largest decline over 3 years	-23.70%	—	—
Current Drawdown Current decline from peak	-6.86%	-3.57%	-3.29%
Average Drawdown Average peak-to-trough decline	-6.43%	-5.44%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.55%	3.83%	+6.72%

Volatility

PSWD vs. TIME - Volatility Comparison

Xtrackers Cybersecurity Select Equity ETF (PSWD) has a higher volatility of 8.88% compared to Clockwise U.S. Core Equity ETF (TIME) at 3.90%. This indicates that PSWD'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.

Volatility by Period

	PSWD	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	3.90%	+4.98%
Volatility (6M) Calculated over the trailing 6-month period	23.02%	11.44%	+11.58%
Volatility (1Y) Calculated over the trailing 1-year period	27.31%	14.19%	+13.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.05%	17.55%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.05%	17.55%	+6.50%

PSWD vs. TIME - Expense Ratio Comparison

PSWD has a 0.20% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

PSWD vs. TIME - Dividend Comparison

PSWD's dividend yield for the trailing twelve months is around 0.62%, less than TIME's 9.39% yield.

Position	TTM	2025	2024	2023
PSWD Xtrackers Cybersecurity Select Equity ETF	0.62%	0.88%	1.49%	0.55%
TIME Clockwise U.S. Core Equity ETF	9.39%	10.02%	15.84%	0.00%

Frequently Asked Questions

Can I hold both PSWD and TIME in my portfolio?

PSWD and TIME have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSWD or TIME?

PSWD has higher volatility (8.88%) compared to TIME (3.90%). In terms of maximum drawdown, PSWD dropped -23.70% vs TIME's -24.26%.

Which ETF is better, PSWD or TIME?

On 1-year performance, PSWD leads with 20.73% vs 16.12% for TIME. On fees, PSWD is cheaper at 0.20% per year. On volatility, TIME has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSWD or TIME?

Over the 1-year period, PSWD has performed better with a 20.73% return vs 16.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSWD or TIME?

PSWD is cheaper with a 0.20% expense ratio, compared with 1.00% for TIME.

Which ETF pays a higher dividend yield, PSWD or TIME?

TIME has the higher dividend yield at 9.39%, compared with 0.62% for PSWD.

What is the main difference between PSWD and TIME?

They also come from different issuers: Xtrackers and Clockwise. Their fees differ too: 0.20% for PSWD and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.10 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.