TIME vs. HYGW
Compare and contrast key facts about Clockwise Core Equity & Innovation ETF (TIME) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW).
TIME and HYGW 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. HYGW is a passively managed fund by iShares that tracks the performance of the Cboe HYG BuyWrite Index. It was launched on Aug 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIME or HYGW.
Correlation
The correlation between TIME and HYGW is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TIME vs. HYGW - Performance Comparison
Key characteristics
TIME:
2.09
HYGW:
2.50
TIME:
2.75
HYGW:
3.69
TIME:
1.36
HYGW:
1.53
TIME:
3.01
HYGW:
5.32
TIME:
11.15
HYGW:
22.00
TIME:
3.60%
HYGW:
0.32%
TIME:
19.22%
HYGW:
2.82%
TIME:
-42.24%
HYGW:
-5.49%
TIME:
-0.52%
HYGW:
-0.09%
Returns By Period
In the year-to-date period, TIME achieves a 7.37% return, which is significantly higher than HYGW's 0.66% return.
TIME
7.37%
2.46%
17.22%
38.73%
N/A
N/A
HYGW
0.66%
0.57%
2.89%
6.78%
N/A
N/A
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TIME vs. HYGW - Expense Ratio Comparison
TIME has a 1.00% expense ratio, which is higher than HYGW's 0.69% expense ratio.
Risk-Adjusted Performance
TIME vs. HYGW — Risk-Adjusted Performance Rank
TIME
HYGW
TIME vs. HYGW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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
TIME vs. HYGW - Dividend Comparison
TIME's dividend yield for the trailing twelve months is around 14.75%, more than HYGW's 12.21% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | 14.75% | 15.84% | 21.04% | 0.00% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 12.21% | 12.29% | 15.98% | 8.72% |
Drawdowns
TIME vs. HYGW - Drawdown Comparison
The maximum TIME drawdown since its inception was -42.24%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for TIME and HYGW. For additional features, visit the drawdowns tool.
Volatility
TIME vs. HYGW - Volatility Comparison
Clockwise Core Equity & Innovation ETF (TIME) has a higher volatility of 5.76% compared to iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW) at 0.46%. This indicates that TIME's price experiences larger fluctuations and is considered to be riskier than HYGW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.