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TIME vs. QYLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TIMEQYLD
YTD Return30.07%15.01%
1Y Return48.71%19.84%
Sharpe Ratio2.852.05
Sortino Ratio3.572.81
Omega Ratio1.491.50
Calmar Ratio2.782.62
Martin Ratio15.2814.44
Ulcer Index3.30%1.41%
Daily Std Dev17.68%9.95%
Max Drawdown-42.24%-24.89%
Current Drawdown-5.29%-1.10%

Correlation

-0.50.00.51.00.8

The correlation between TIME and QYLD is 0.82, 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. QYLD - Performance Comparison

In the year-to-date period, TIME achieves a 30.07% return, which is significantly higher than QYLD's 15.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.04%
8.79%
TIME
QYLD

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TIME vs. QYLD - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than QYLD's 0.60% expense ratio.


TIME
Clockwise Core Equity & Innovation ETF
Expense ratio chart for TIME: current value at 1.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.00%
Expense ratio chart for QYLD: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%

Risk-Adjusted Performance

TIME vs. QYLD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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
Sharpe ratio
The chart of Sharpe ratio for TIME, currently valued at 2.85, compared to the broader market0.002.004.006.002.85
Sortino ratio
The chart of Sortino ratio for TIME, currently valued at 3.57, compared to the broader market0.005.0010.003.57
Omega ratio
The chart of Omega ratio for TIME, currently valued at 1.49, compared to the broader market1.001.502.002.503.001.49
Calmar ratio
The chart of Calmar ratio for TIME, currently valued at 2.78, compared to the broader market0.005.0010.0015.0020.002.78
Martin ratio
The chart of Martin ratio for TIME, currently valued at 15.28, compared to the broader market0.0020.0040.0060.0080.00100.00120.0015.28
QYLD
Sharpe ratio
The chart of Sharpe ratio for QYLD, currently valued at 2.05, compared to the broader market0.002.004.006.002.05
Sortino ratio
The chart of Sortino ratio for QYLD, currently valued at 2.81, compared to the broader market0.005.0010.002.81
Omega ratio
The chart of Omega ratio for QYLD, currently valued at 1.50, compared to the broader market1.001.502.002.503.001.50
Calmar ratio
The chart of Calmar ratio for QYLD, currently valued at 2.62, compared to the broader market0.005.0010.0015.0020.002.62
Martin ratio
The chart of Martin ratio for QYLD, currently valued at 14.44, compared to the broader market0.0020.0040.0060.0080.00100.00120.0014.44

TIME vs. QYLD - Sharpe Ratio Comparison

The current TIME Sharpe Ratio is 2.85, which is higher than the QYLD Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of TIME and QYLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.85
2.05
TIME
QYLD

Dividends

TIME vs. QYLD - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 16.17%, more than QYLD's 11.55% yield.


TTM2023202220212020201920182017201620152014
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%
QYLD
Global X NASDAQ 100 Covered Call ETF
11.55%11.78%13.26%12.85%11.16%9.84%12.44%7.69%9.15%9.42%10.74%

Drawdowns

TIME vs. QYLD - Drawdown Comparison

The maximum TIME drawdown since its inception was -42.24%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for TIME and QYLD. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-5.29%
-1.10%
TIME
QYLD

Volatility

TIME vs. QYLD - Volatility Comparison

Clockwise Core Equity & Innovation ETF (TIME) has a higher volatility of 5.25% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 2.14%. This indicates that TIME's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.25%
2.14%
TIME
QYLD