SPTE vs. TIME

Last updated Jun 4, 2026

SPTE (SP Funds S&P Global Technology ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. SPTE is passively managed, while TIME is actively managed. Over the past year, SPTE returned 74.41% vs 23.44% for TIME. A 0.75 correlation means they provide meaningful diversification when combined. SPTE charges 0.55%/yr vs 1.00%/yr for TIME.

Performance

SPTE vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPTE achieves a 41.79% return, which is significantly higher than TIME's 9.82% return.

SPTE

• 1D: -1.21%
• 1M: 17.88%
• YTD: 41.79%
• 6M: 41.30%
• 1Y: 74.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TIME

• 1D: -0.73%
• 1M: 5.38%
• YTD: 9.82%
• 6M: 10.85%
• 1Y: 23.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPTE vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPTE SP Funds S&P Global Technology ETF	41.79%	26.37%	6.03%
TIME Clockwise Core Equity & Innovation ETF	9.82%	10.17%	6.75%

Correlation

The correlation between SPTE and TIME is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.75

The correlation between SPTE and TIME has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

SPTE vs. TIME - Sectors Allocation Comparison

Sectors	SPTE	TIME
Technology	98.6%	38.5%
Industrials	0.3%	1.0%
Healthcare	0.2%	0.5%
Energy	0.1%	8.4%
Basic Materials	-	3.0%
Communication Services	-	17.4%
Consumer Cyclical	-	13.8%
Consumer Defensive	-	10.1%
Financial Services	-	3.2%
Real Estate	-	-
Utilities	-	5.1%

Return for Risk

SPTE vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPTE

SPTE Risk / Return Rank: 89
SPTE Sharpe Ratio Rank: 92
SPTE Sortino Ratio Rank: 89
SPTE Omega Ratio Rank: 85
SPTE Calmar Ratio Rank: 89
SPTE Martin Ratio Rank: 88

TIME

TIME Risk / Return Rank: 45
TIME Sharpe Ratio Rank: 51
TIME Sortino Ratio Rank: 48
TIME Omega Ratio Rank: 49
TIME Calmar Ratio Rank: 36
TIME Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPTE vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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.

	SPTE	TIME	Difference
Sharpe ratio: Return per unit of total volatility	3.40	1.78	+1.62
Sortino ratio: Return per unit of downside risk	4.16	2.40	+1.77
Omega ratio: Gain probability vs. loss probability	1.53	1.31	+0.22
Calmar ratio: Return relative to maximum drawdown	5.42	1.80	+3.62
Martin ratio: Return relative to average drawdown	19.85	6.63	+13.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPTE vs. TIME - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 3.40, which is higher than the TIME Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of SPTE 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.

Sharpe Ratios by Period

	SPTE	TIME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.40	1.78	+1.62
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.80	+0.94

Drawdowns

SPTE vs. TIME - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for SPTE and TIME.

Drawdown Indicators

	SPTE	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-24.26%	-1.29%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-13.09%	-0.71%
Current Drawdown Current decline from peak	-1.21%	-0.74%	-0.47%
Average Drawdown Average peak-to-trough decline	-4.06%	-5.60%	+1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	3.55%	+0.21%

Volatility

SPTE vs. TIME - Volatility Comparison

SP Funds S&P Global Technology ETF (SPTE) has a higher volatility of 7.69% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.48%. This indicates that SPTE'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

	SPTE	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.69%	3.48%	+4.21%
Volatility (6M) Calculated over the trailing 6-month period	17.70%	10.14%	+7.56%
Volatility (1Y) Calculated over the trailing 1-year period	22.02%	13.27%	+8.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	17.62%	+8.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.82%	17.62%	+8.20%

SPTE vs. TIME - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

SPTE vs. TIME - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.67%, less than TIME's 9.12% yield.

Position	TTM	2025	2024
SPTE SP Funds S&P Global Technology ETF	0.67%	0.96%	0.48%
TIME Clockwise Core Equity & Innovation ETF	9.12%	10.02%	15.84%

Frequently Asked Questions

Can I hold both SPTE and TIME in my portfolio?

SPTE and TIME have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTE or TIME?

SPTE has higher volatility (7.69%) compared to TIME (3.48%). In terms of maximum drawdown, SPTE dropped -25.55% vs TIME's -24.26%.

Which ETF is better, SPTE or TIME?

On 1-year performance, SPTE leads with 74.41% vs 23.44% for TIME. On fees, SPTE is cheaper at 0.55% per year. On volatility, TIME has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTE or TIME?

Over the 1-year period, SPTE has performed better with a 74.41% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or TIME?

SPTE is cheaper with a 0.55% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.12%, compared with 0.67% for SPTE.

What is the main difference between SPTE and TIME?

They also come from different issuers: SP Funds and Clockwise Capital. Their fees differ too: 0.55% for SPTE and 1.00% for TIME.

Which has better risk-adjusted returns?

SPTE currently has the higher Sharpe Ratio (3.40 vs 1.78), 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.