SURI vs. TIME

Last updated Aug 4, 2026

SURI (Simplify Propel Opportunities ETF) and TIME (Clockwise U.S. Core Equity ETF) are both exchange-traded funds - SURI is a Health & Biotech Equities fund actively managed by Simplify, while TIME is a Technology Equities fund actively managed by Clockwise. Both are actively managed. Over the past year, SURI returned 42.96% vs 17.48% for TIME. Their 0.42 correlation means their historical movements had little consistent relationship. SURI charges 2.51%/yr vs 1.00%/yr for TIME.

Performance

SURI vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Propel Opportunities ETF (SURI) 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, SURI achieves a 17.59% return, which is significantly higher than TIME's 7.94% return.

SURI

• 1D: 0.08%
• 1M: 0.52%
• 6M: 17.81%
• YTD: 17.59%
• 1Y: 42.96%
• 3Y*: 9.52%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.10%

TIME

• 1D: 1.18%
• 1M: 1.28%
• 6M: 7.90%
• YTD: 7.94%
• 1Y: 17.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.58%

*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)
SURI Simplify Propel Opportunities ETF	$33.33K	$49.11K	$70.76K
TIME Clockwise U.S. Core Equity ETF	$51.24K	$43.99K	$100.40K

SURI vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SURI Simplify Propel Opportunities ETF	17.59%	28.32%	-23.57%
TIME Clockwise U.S. Core Equity ETF	7.94%	10.17%	5.94%

Correlation

The correlation between SURI and TIME is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.42

The correlation between SURI and TIME shifts across timeframes, from 0.28 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

SURI vs. TIME - Sectors Allocation Comparison

Sectors	SURI	TIME
Healthcare	56.3%	6.8%
Energy	43.8%	6.8%
Basic Materials	-	3.3%
Communication Services	-	15.6%
Consumer Cyclical	-	6.1%
Consumer Defensive	-	5.5%
Financial Services	-	3.6%
Industrials	-	5.3%
Real Estate	-	-
Technology	-	45.5%
Utilities	-	1.6%

Return for Risk

SURI vs. TIME — Risk / Return Rank

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

SURI

SURI Risk / Return Rank: 78
SURI Sharpe Ratio Rank: 80
SURI Sortino Ratio Rank: 76
SURI Omega Ratio Rank: 74
SURI Calmar Ratio Rank: 87
SURI Martin Ratio Rank: 74

TIME

TIME Risk / Return Rank: 44
TIME Sharpe Ratio Rank: 48
TIME Sortino Ratio Rank: 46
TIME Omega Ratio Rank: 45
TIME Calmar Ratio Rank: 37
TIME Martin Ratio Rank: 41

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.

SURI vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Propel Opportunities ETF (SURI) 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.

	SURI	TIME	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.23	+0.71
Sortino ratio: Return per unit of downside risk	2.61	1.71	+0.90
Omega ratio: Gain probability vs. loss probability	1.33	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	3.67	1.34	+2.32
Martin ratio: Return relative to average drawdown	9.75	4.58	+5.18

SURI vs. TIME - Sharpe Ratio Comparison

The current SURI Sharpe Ratio is 1.95, which is higher than the TIME Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SURI 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

SURI vs. TIME - Drawdown Comparison

The maximum SURI drawdown since its inception was -47.76%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for SURI and TIME.

Drawdown Indicators

	SURI	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-47.76%	-24.26%	-23.50%
Max Drawdown (1Y) Largest decline over 1 year	-11.78%	-13.09%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	-47.76%	—	—
Current Drawdown Current decline from peak	-8.53%	-2.43%	-6.10%
Average Drawdown Average peak-to-trough decline	-17.07%	-5.44%	-11.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	3.83%	+0.59%

Volatility

SURI vs. TIME - Volatility Comparison

Simplify Propel Opportunities ETF (SURI) and Clockwise U.S. Core Equity ETF (TIME) have volatilities of 4.13% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SURI	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.07%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	11.18%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	22.20%	14.25%	+7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.88%	17.55%	+10.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.88%	17.55%	+10.33%

SURI vs. TIME - Expense Ratio Comparison

SURI has a 2.51% expense ratio, which is higher than TIME's 1.00% expense ratio.

Dividends

SURI vs. TIME - Dividend Comparison

SURI's dividend yield for the trailing twelve months is around 15.07%, more than TIME's 9.28% yield.

Position	TTM	2025	2024	2023
SURI Simplify Propel Opportunities ETF	15.07%	16.31%	21.41%	14.71%
TIME Clockwise U.S. Core Equity ETF	9.28%	10.02%	15.84%	0.00%

Frequently Asked Questions

Can I hold both SURI and TIME in my portfolio?

SURI and TIME have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SURI or TIME?

SURI has higher volatility (4.13%) compared to TIME (4.07%). In terms of maximum drawdown, SURI dropped -47.76% vs TIME's -24.26%.

Which ETF is better, SURI or TIME?

On 1-year performance, SURI leads with 42.96% vs 17.48% for TIME. On fees, TIME is cheaper at 1.00% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SURI or TIME?

Over the 1-year period, SURI has performed better with a 42.96% return vs 17.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SURI or TIME?

TIME is cheaper with a 1.00% expense ratio, compared with 2.51% for SURI.

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

SURI has the higher dividend yield at 15.07%, compared with 9.28% for TIME.

What is the main difference between SURI and TIME?

SURI is categorized as Health & Biotech Equities, while TIME is Technology Equities. They also come from different issuers: Simplify and Clockwise. Their fees differ too: 2.51% for SURI and 1.00% for TIME.

Which has better risk-adjusted returns?

SURI currently has the higher Sharpe Ratio (1.95 vs 1.23), 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.