TIME vs. DFNV
Compare and contrast key facts about Clockwise Core Equity & Innovation ETF (TIME) and TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV).
TIME and DFNV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022. DFNV is a passively managed fund by TrimTabs that tracks the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. It was launched on Dec 8, 2020.
Performance
TIME vs. DFNV - Performance Comparison
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TIME vs. DFNV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | -7.92% | 10.17% | 6.75% |
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF | -15.04% | 8.42% | 17.99% |
Returns By Period
In the year-to-date period, TIME achieves a -7.92% return, which is significantly higher than DFNV's -15.04% return.
TIME
- 1D
- 2.20%
- 1M
- -5.68%
- YTD
- -7.92%
- 6M
- -6.35%
- 1Y
- 11.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFNV
- 1D
- 2.55%
- 1M
- -3.84%
- YTD
- -15.04%
- 6M
- -17.93%
- 1Y
- -2.08%
- 3Y*
- 13.16%
- 5Y*
- 6.22%
- 10Y*
- —
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TIME vs. DFNV - Expense Ratio Comparison
TIME has a 1.00% expense ratio, which is higher than DFNV's 0.69% expense ratio.
Return for Risk
TIME vs. DFNV — Risk / Return Rank
TIME
DFNV
TIME vs. DFNV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV). 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.
| TIME | DFNV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | -0.10 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.13 | 0.01 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.10 | +1.00 |
Martin ratioReturn relative to average drawdown | 3.48 | -0.29 | +3.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIME | DFNV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | -0.10 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.36 | -0.10 |
Correlation
The correlation between TIME and DFNV is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TIME vs. DFNV - Dividend Comparison
TIME's dividend yield for the trailing twelve months is around 10.88%, more than DFNV's 0.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | 10.88% | 10.02% | 15.84% | 0.00% | 0.00% | 0.00% | 0.00% |
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF | 0.44% | 0.38% | 1.28% | 0.77% | 1.20% | 4.77% | 0.02% |
Drawdowns
TIME vs. DFNV - Drawdown Comparison
The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum DFNV drawdown of -29.71%. Use the drawdown chart below to compare losses from any high point for TIME and DFNV.
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Drawdown Indicators
| TIME | DFNV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -29.71% | +5.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -21.54% | +8.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.71% | — |
Current DrawdownCurrent decline from peak | -11.18% | -18.92% | +7.74% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -9.41% | +3.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 7.45% | -4.06% |
Volatility
TIME vs. DFNV - Volatility Comparison
The current volatility for Clockwise Core Equity & Innovation ETF (TIME) is 5.31%, while TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) has a volatility of 6.11%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than DFNV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIME | DFNV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 6.11% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 13.00% | -2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 21.67% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 19.44% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 19.64% | -1.65% |