TCHI vs. TIME
Compare and contrast key facts about iShares MSCI China Multisector Tech ETF (TCHI) and Clockwise Core Equity & Innovation ETF (TIME).
TCHI and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net. It was launched on Jan 25, 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: TCHI or TIME.
Correlation
The correlation between TCHI and TIME is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TCHI vs. TIME - Performance Comparison
Key characteristics
TCHI:
1.40
TIME:
1.49
TCHI:
2.13
TIME:
1.97
TCHI:
1.26
TIME:
1.26
TCHI:
1.23
TIME:
2.20
TCHI:
3.67
TIME:
8.08
TCHI:
12.79%
TIME:
3.63%
TCHI:
33.58%
TIME:
19.71%
TCHI:
-43.96%
TIME:
-42.24%
TCHI:
-6.07%
TIME:
-5.21%
Returns By Period
In the year-to-date period, TCHI achieves a 21.17% return, which is significantly higher than TIME's 5.50% return.
TCHI
21.17%
20.53%
43.89%
43.74%
N/A
N/A
TIME
5.50%
-1.08%
12.39%
26.21%
N/A
N/A
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TCHI vs. TIME - Expense Ratio Comparison
TCHI has a 0.59% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
TCHI vs. TIME — Risk-Adjusted Performance Rank
TCHI
TIME
TCHI vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) 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
TCHI vs. TIME - Dividend Comparison
TCHI's dividend yield for the trailing twelve months is around 2.05%, less than TIME's 15.02% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 2.05% | 2.49% | 4.28% | 1.06% |
TIME Clockwise Core Equity & Innovation ETF | 15.02% | 15.84% | 21.04% | 0.00% |
Drawdowns
TCHI vs. TIME - Drawdown Comparison
The maximum TCHI drawdown since its inception was -43.96%, roughly equal to the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for TCHI and TIME. For additional features, visit the drawdowns tool.
Volatility
TCHI vs. TIME - Volatility Comparison
iShares MSCI China Multisector Tech ETF (TCHI) has a higher volatility of 8.27% compared to Clockwise Core Equity & Innovation ETF (TIME) at 7.55%. This indicates that TCHI'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.