TIME vs. IGM
Compare and contrast key facts about Clockwise Core Equity & Innovation ETF (TIME) and iShares Expanded Tech Sector ETF (IGM).
TIME and IGM 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. IGM is a passively managed fund by iShares that tracks the performance of the S&P North American Technology Sector Index. It was launched on Mar 13, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIME or IGM.
Correlation
The correlation between TIME and IGM is 0.90, 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.
Performance
TIME vs. IGM - Performance Comparison
Key characteristics
TIME:
2.26
IGM:
1.93
TIME:
2.93
IGM:
2.54
TIME:
1.39
IGM:
1.34
TIME:
3.18
IGM:
2.80
TIME:
12.59
IGM:
10.03
TIME:
3.36%
IGM:
4.12%
TIME:
18.75%
IGM:
21.43%
TIME:
-42.24%
IGM:
-65.59%
TIME:
-4.19%
IGM:
-3.20%
Returns By Period
In the year-to-date period, TIME achieves a 41.05% return, which is significantly higher than IGM's 38.86% return.
TIME
41.05%
-2.24%
9.58%
40.90%
N/A
N/A
IGM
38.86%
3.27%
10.15%
39.33%
21.32%
20.28%
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TIME vs. IGM - Expense Ratio Comparison
TIME has a 1.00% expense ratio, which is higher than IGM's 0.46% expense ratio.
Risk-Adjusted Performance
TIME vs. IGM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and iShares Expanded Tech Sector ETF (IGM). 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. IGM - Dividend Comparison
TIME's dividend yield for the trailing twelve months is around 14.92%, more than IGM's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | 14.92% | 21.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGM iShares Expanded Tech Sector ETF | 0.22% | 0.52% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% | 0.88% | 0.78% |
Drawdowns
TIME vs. IGM - Drawdown Comparison
The maximum TIME drawdown since its inception was -42.24%, smaller than the maximum IGM drawdown of -65.59%. Use the drawdown chart below to compare losses from any high point for TIME and IGM. For additional features, visit the drawdowns tool.
Volatility
TIME vs. IGM - Volatility Comparison
The current volatility for Clockwise Core Equity & Innovation ETF (TIME) is 5.36%, while iShares Expanded Tech Sector ETF (IGM) has a volatility of 5.81%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than IGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.