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.
Key characteristics
| TIME | IGM | |
|---|---|---|
| YTD Return | 30.07% | 28.57% |
| 1Y Return | 48.71% | 46.69% |
| Sharpe Ratio | 2.85 | 2.36 |
| Sortino Ratio | 3.57 | 3.02 |
| Omega Ratio | 1.49 | 1.41 |
| Calmar Ratio | 2.78 | 3.32 |
| Martin Ratio | 15.28 | 12.03 |
| Ulcer Index | 3.30% | 4.08% |
| Daily Std Dev | 17.68% | 20.79% |
| Max Drawdown | -42.24% | -65.59% |
| Current Drawdown | -5.29% | -3.63% |
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
The year-to-date returns for both stocks are quite close, with TIME having a 30.07% return and IGM slightly lower at 28.57%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 16.17%, more than IGM's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | 16.17% | 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 | 0.33% | 0.39% | 0.53% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.78% | 0.87% | 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
Clockwise Core Equity & Innovation ETF (TIME) and iShares Expanded Tech Sector ETF (IGM) have volatilities of 5.25% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.