TIME vs. DAT

Last updated Aug 2, 2026

TIME (Clockwise U.S. Core Equity ETF) and DAT (ProShares Big Data Refiners ETF) are both Technology Equities funds. TIME is actively managed, while DAT is passively managed. Over the past year, TIME returned 16.12% vs 0.18% for DAT. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TIME charges 1.00%/yr vs 0.58%/yr for DAT.

Performance

TIME vs. DAT - Performance Comparison

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

Returns By Period

In the year-to-date period, TIME achieves a 6.68% return, which is significantly higher than DAT's -1.35% return.

TIME

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

DAT

• 1D: 0.40%
• 1M: 2.06%
• 6M: 14.86%
• YTD: -1.35%
• 1Y: 0.18%
• 3Y*: 13.76%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.95%

*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)
DAT ProShares Big Data Refiners ETF	$131.25K	$91.17K	$103.64K
TIME Clockwise U.S. Core Equity ETF	$50.21K	$44.64K	$109.23K

TIME vs. DAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TIME Clockwise U.S. Core Equity ETF	6.68%	10.17%	5.94%
DAT ProShares Big Data Refiners ETF	-1.35%	3.49%	28.72%

Correlation

The correlation between TIME and DAT is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.57

The correlation between TIME and DAT shifts across timeframes, from 0.38 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

TIME vs. DAT - Sectors Allocation Comparison

Sectors	TIME	DAT
Technology	45.5%	90.0%
Communication Services	15.6%	4.3%
Healthcare	6.8%	0.7%
Energy	6.8%	-
Consumer Cyclical	6.1%	-
Consumer Defensive	5.5%	-
Industrials	5.3%	-
Financial Services	3.6%	-
Basic Materials	3.3%	-
Utilities	1.6%	1.4%
Real Estate	-	-

Return for Risk

TIME vs. DAT — Risk / Return Rank

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

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

DAT

DAT Risk / Return Rank: 9
DAT Sharpe Ratio Rank: 9
DAT Sortino Ratio Rank: 10
DAT Omega Ratio Rank: 10
DAT Calmar Ratio Rank: 9
DAT Martin Ratio Rank: 9

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.

TIME vs. DAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise U.S. Core Equity ETF (TIME) and ProShares Big Data Refiners ETF (DAT). 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.

	TIME	DAT	Difference
Sharpe ratio: Return per unit of total volatility	1.10	-0.12	+1.22
Sortino ratio: Return per unit of downside risk	1.55	0.05	+1.49
Omega ratio: Gain probability vs. loss probability	1.20	1.01	+0.19
Calmar ratio: Return relative to maximum drawdown	1.20	-0.11	+1.30
Martin ratio: Return relative to average drawdown	4.09	-0.24	+4.32

TIME vs. DAT - Sharpe Ratio Comparison

The current TIME Sharpe Ratio is 1.10, which is higher than the DAT Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of TIME and DAT, 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

TIME vs. DAT - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum DAT drawdown of -56.22%. Use the drawdown chart below to compare losses from any high point for TIME and DAT.

Drawdown Indicators

	TIME	DAT	Difference
Max Drawdown Largest peak-to-trough decline	-24.26%	-56.22%	+31.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-34.70%	+21.61%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.73%	—
Current Drawdown Current decline from peak	-3.57%	-8.44%	+4.87%
Average Drawdown Average peak-to-trough decline	-5.44%	-25.76%	+20.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	15.90%	-12.07%

Volatility

TIME vs. DAT - Volatility Comparison

The current volatility for Clockwise U.S. Core Equity ETF (TIME) is 3.90%, while ProShares Big Data Refiners ETF (DAT) has a volatility of 8.43%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than DAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIME	DAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	8.43%	-4.53%
Volatility (6M) Calculated over the trailing 6-month period	11.44%	26.48%	-15.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	31.69%	-17.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	33.94%	-16.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.55%	33.94%	-16.39%

TIME vs. DAT - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than DAT's 0.58% expense ratio.

Dividends

TIME vs. DAT - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 9.39%, while DAT has not paid dividends to shareholders.

Position	TTM	2025	2024
DAT ProShares Big Data Refiners ETF	0.00%	0.00%	0.00%
TIME Clockwise U.S. Core Equity ETF	9.39%	10.02%	15.84%

Frequently Asked Questions

Can I hold both TIME and DAT in my portfolio?

TIME and DAT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIME or DAT?

DAT has higher volatility (8.43%) compared to TIME (3.90%). In terms of maximum drawdown, TIME dropped -24.26% vs DAT's -56.22%.

Which ETF is better, TIME or DAT?

On 1-year performance, TIME leads with 16.12% vs 0.18% for DAT. On fees, DAT is cheaper at 0.58% 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, TIME or DAT?

Over the 1-year period, TIME has performed better with a 16.12% return vs 0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TIME or DAT?

DAT is cheaper with a 0.58% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.39%, compared with 0.00% for DAT.

What is the main difference between TIME and DAT?

They also come from different issuers: Clockwise and ProShares. Their fees differ too: 1.00% for TIME and 0.58% for DAT.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.10 vs -0.12), 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.