TIME vs. MSTY

Last updated Jul 31, 2026

TIME (Clockwise U.S. Core Equity ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - TIME is a Technology Equities fund actively managed by Clockwise, while MSTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, TIME returned 15.39% vs -69.81% for MSTY. Their 0.57 correlation means they have sometimes moved together and sometimes differently. TIME charges 1.00%/yr vs 0.99%/yr for MSTY.

Performance

TIME vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clockwise U.S. Core Equity ETF (TIME) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIME achieves a 6.01% return, which is significantly higher than MSTY's -31.51% return.

TIME

• 1D: 2.11%
• 1M: -1.52%
• 6M: 3.44%
• YTD: 6.01%
• 1Y: 15.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.69%

MSTY

• 1D: 3.44%
• 1M: 12.35%
• 6M: -27.47%
• YTD: -31.51%
• 1Y: -69.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.69%

*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)
MSTY YieldMax™ MSTR Option Income Strategy ETF	$11.81M	$13.23M	$29.06M
TIME Clockwise U.S. Core Equity ETF	$41.49K	$42.07K	$109.58K

TIME vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TIME Clockwise U.S. Core Equity ETF	6.01%	10.17%	5.94%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-31.51%	-42.71%	62.59%

Correlation

The correlation between TIME and MSTY is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.57

The correlation between TIME and MSTY has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.

Return for Risk

TIME vs. MSTY — Risk / Return Rank

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

TIME

TIME Risk / Return Rank: 42
TIME Sharpe Ratio Rank: 46
TIME Sortino Ratio Rank: 44
TIME Omega Ratio Rank: 44
TIME Calmar Ratio Rank: 35
TIME Martin Ratio Rank: 39

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 0
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 1

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise U.S. Core Equity ETF (TIME) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	1.09	-1.07	+2.16
Sortino ratio: Return per unit of downside risk	1.53	-2.05	+3.58
Omega ratio: Gain probability vs. loss probability	1.19	0.78	+0.41
Calmar ratio: Return relative to maximum drawdown	1.18	-0.93	+2.11
Martin ratio: Return relative to average drawdown	4.04	-1.37	+5.41

TIME vs. MSTY - Sharpe Ratio Comparison

The current TIME Sharpe Ratio is 1.09, which is higher than the MSTY Sharpe Ratio of -1.07. The chart below compares the historical Sharpe Ratios of TIME and MSTY, 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. MSTY - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for TIME and MSTY.

Drawdown Indicators

	TIME	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-24.26%	-77.40%	+53.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-75.05%	+61.96%
Current Drawdown Current decline from peak	-4.17%	-73.07%	+68.90%
Average Drawdown Average peak-to-trough decline	-5.45%	-28.98%	+23.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	50.79%	-46.97%

Volatility

TIME vs. MSTY - Volatility Comparison

The current volatility for Clockwise U.S. Core Equity ETF (TIME) is 3.92%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 15.23%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIME	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	15.23%	-11.31%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	53.08%	-41.59%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	65.27%	-51.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.56%	71.95%	-54.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.56%	71.95%	-54.39%

TIME vs. MSTY - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than MSTY's 0.99% expense ratio.

Dividends

TIME vs. MSTY - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 9.45%, less than MSTY's 291.60% yield.

Position	TTM	2025	2024
MSTY YieldMax™ MSTR Option Income Strategy ETF	291.60%	294.61%	104.56%
TIME Clockwise U.S. Core Equity ETF	9.45%	10.02%	15.84%

Frequently Asked Questions

Can I hold both TIME and MSTY in my portfolio?

TIME and MSTY have a correlation of 0.55, 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 MSTY?

MSTY has higher volatility (15.23%) compared to TIME (3.92%). In terms of maximum drawdown, TIME dropped -24.26% vs MSTY's -77.40%.

Which ETF is better, TIME or MSTY?

On 1-year performance, TIME leads with 15.39% vs -69.81% for MSTY. On fees, MSTY is cheaper at 0.99% per year. On volatility, TIME has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TIME or MSTY?

Over the 1-year period, TIME has performed better with a 15.39% return vs -69.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TIME or MSTY?

MSTY is cheaper with a 0.99% expense ratio, compared with 1.00% for TIME.

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

MSTY has the higher dividend yield at 291.60%, compared with 9.45% for TIME.

What is the main difference between TIME and MSTY?

TIME is categorized as Technology Equities, while MSTY is Derivative Income. They also come from different issuers: Clockwise and YieldMax. Their fees differ too: 1.00% for TIME and 0.99% for MSTY.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.09 vs -1.07), 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.