SPAM vs. TIME
Compare and contrast key facts about Themes Cybersecurity ETF (SPAM) and Clockwise Core Equity & Innovation ETF (TIME).
SPAM and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPAM is a passively managed fund by Themes that tracks the performance of the Solactive Cyber Security Index - Benchmark TR Net. It was launched on Dec 7, 2023. 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: SPAM or TIME.
Correlation
The correlation between SPAM and TIME is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPAM vs. TIME - Performance Comparison
Key characteristics
SPAM:
0.73
TIME:
1.64
SPAM:
1.08
TIME:
2.17
SPAM:
1.14
TIME:
1.29
SPAM:
1.08
TIME:
2.40
SPAM:
3.08
TIME:
8.85
SPAM:
4.61%
TIME:
3.61%
SPAM:
19.35%
TIME:
19.40%
SPAM:
-13.19%
TIME:
-42.24%
SPAM:
-2.20%
TIME:
-1.68%
Returns By Period
The year-to-date returns for both stocks are quite close, with SPAM having a 9.90% return and TIME slightly lower at 9.42%.
SPAM
9.90%
5.62%
13.82%
22.22%
N/A
N/A
TIME
9.42%
2.92%
18.18%
35.63%
N/A
N/A
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SPAM vs. TIME - Expense Ratio Comparison
SPAM has a 0.35% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
SPAM vs. TIME — Risk-Adjusted Performance Rank
SPAM
TIME
SPAM vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes Cybersecurity ETF (SPAM) 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
SPAM vs. TIME - Dividend Comparison
SPAM's dividend yield for the trailing twelve months is around 0.12%, less than TIME's 14.48% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SPAM Themes Cybersecurity ETF | 0.12% | 0.13% | 0.00% |
TIME Clockwise Core Equity & Innovation ETF | 14.48% | 15.84% | 21.04% |
Drawdowns
SPAM vs. TIME - Drawdown Comparison
The maximum SPAM drawdown since its inception was -13.19%, smaller than the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for SPAM and TIME. For additional features, visit the drawdowns tool.
Volatility
SPAM vs. TIME - Volatility Comparison
The current volatility for Themes Cybersecurity ETF (SPAM) is 4.85%, while Clockwise Core Equity & Innovation ETF (TIME) has a volatility of 6.54%. This indicates that SPAM 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.