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TIME vs. SOXX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TIME vs. SOXX

Last updated Jun 4, 2026

TIME (Clockwise Core Equity & Innovation ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - TIME is a Technology Equities fund actively managed by Clockwise Capital, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. TIME is actively managed, while SOXX is passively managed. Over the past year, TIME returned 23.44% vs 190.05% for SOXX. A 0.71 correlation means they provide meaningful diversification when combined. TIME charges 1.00%/yr vs 0.34%/yr for SOXX.

Performance

TIME vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clockwise Core Equity & Innovation ETF (TIME) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TIME achieves a 9.82% return, which is significantly lower than SOXX's 104.57% return.

TIME

1D
-0.73%
1M
5.38%
YTD
9.82%
6M
10.85%
1Y
23.44%
3Y*
—
5Y*
—
10Y*
—

SOXX

1D
1.76%
1M
33.25%
YTD
104.57%
6M
99.43%
1Y
190.05%
3Y*
57.39%
5Y*
34.50%
10Y*
35.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TIME vs. SOXX - Yearly Performance Comparison

2026 (YTD)20252024
TIME
Clockwise Core Equity & Innovation ETF		9.82%10.17%6.75%
SOXX
iShares Semiconductor ETF		104.57%40.74%-10.84%

Correlation

The correlation between TIME and SOXX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2024

0.71

The correlation between TIME and SOXX has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

TIME vs. SOXX - Sectors Allocation Comparison

Sectors
TIME
SOXX

Technology

38.5%
100.0%

Communication Services

17.4%

-

Consumer Cyclical

13.8%

-

Consumer Defensive

10.1%

-

Energy

8.4%

-

Utilities

5.1%

-

Financial Services

3.2%

-

Basic Materials

3.0%

-

Industrials

1.0%

-

Healthcare

0.5%

-

Real Estate

-

-

Technology

TIME
38.5%
SOXX
100.0%

Communication Services

TIME
17.4%
SOXX

-

Consumer Cyclical

TIME
13.8%
SOXX

-

Consumer Defensive

TIME
10.1%
SOXX

-

Energy

TIME
8.4%
SOXX

-

Utilities

TIME
5.1%
SOXX

-

Financial Services

TIME
3.2%
SOXX

-

Basic Materials

TIME
3.0%
SOXX

-

Industrials

TIME
1.0%
SOXX

-

Healthcare

TIME
0.5%
SOXX

-

Real Estate

TIME

-

SOXX

-

Compare stocks, funds, or ETFs

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Clockwise Core Equity & Innovation ETF

iShares Semiconductor ETF

Often compared with TIME:
TIME vs. SMHTIME vs. DATTIME vs. MSTYTIME vs. TMFETIME vs. HAILTIME vs. HYGWTIME vs. QYLD
Often compared with SOXX:
SOXX vs. SMHSOXX vs. QQQSOXX vs. SOXLSOXX vs. SOXQSOXX vs. FSELXSOXX vs. VGTSOXX vs. VOO

Return for Risk

TIME vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TIME
TIME Risk / Return Rank: 4545
Overall Rank
TIME Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
TIME Sortino Ratio Rank: 4848
Sortino Ratio Rank
TIME Omega Ratio Rank: 4949
Omega Ratio Rank
TIME Calmar Ratio Rank: 3636
Calmar Ratio Rank
TIME Martin Ratio Rank: 4141
Martin Ratio Rank
SOXX
SOXX Risk / Return Rank: 9797
Overall Rank
SOXX Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SOXX Sortino Ratio Rank: 9595
Sortino Ratio Rank
SOXX Omega Ratio Rank: 9595
Omega Ratio Rank
SOXX Calmar Ratio Rank: 9797
Calmar Ratio Rank
SOXX Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIME vs. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and iShares Semiconductor ETF (SOXX). 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.

TIMESOXXDifference
Sharpe ratioReturn per unit of total volatility
1.78
5.61

-3.83

Sortino ratioReturn per unit of downside risk
2.40
5.36

-2.96

Omega ratioGain probability vs. loss probability

1.31

1.74

-0.43

Calmar ratioReturn relative to maximum drawdown

1.80

12.13

-10.34

Martin ratioReturn relative to average drawdown

6.63

46.43

-39.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIME vs. SOXX - Sharpe Ratio Comparison

The current TIME Sharpe Ratio is 1.78, which is lower than the SOXX Sharpe Ratio of 5.61. The chart below compares the historical Sharpe Ratios of TIME and SOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TIMESOXXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.78

5.61

-3.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.96

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.07

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.80

0.45

+0.36

Drawdowns

TIME vs. SOXX - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for TIME and SOXX.

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Drawdown Indicators

TIMESOXXDifference

Max Drawdown

Largest peak-to-trough decline

-24.26%

-70.21%

+45.95%

Max Drawdown (1Y)

Largest decline over 1 year

-13.09%

-15.77%

+2.68%

Max Drawdown (3Y)

Largest decline over 3 years

—

-41.36%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-45.75%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-45.75%

—

Current Drawdown

Current decline from peak

-0.74%

0.00%

-0.74%

Average Drawdown

Average peak-to-trough decline

-5.60%

-19.97%

+14.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.55%

4.11%

-0.56%

Volatility

TIME vs. SOXX - Volatility Comparison

The current volatility for Clockwise Core Equity & Innovation ETF (TIME) is 3.48%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TIMESOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.48%

14.03%

-10.55%

Volatility (6M)

Calculated over the trailing 6-month period

10.14%

27.35%

-17.21%

Volatility (1Y)

Calculated over the trailing 1-year period

13.27%

34.18%

-20.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.62%

36.11%

-18.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.62%

33.43%

-15.81%

TIME vs. SOXX - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than SOXX's 0.34% expense ratio.

Dividends

TIME vs. SOXX - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 9.12%, more than SOXX's 0.27% yield.

PositionTTM20252024202320222021202020192018201720162015
SOXX
iShares Semiconductor ETF		0.27%0.57%0.67%0.78%1.26%0.64%0.81%1.23%1.37%0.90%1.08%1.29%
TIME
Clockwise Core Equity & Innovation ETF		9.12%10.02%15.84%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TIME and SOXX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXX has higher volatility (14.03%) compared to TIME (3.48%). In terms of maximum drawdown, TIME dropped -24.26% vs SOXX's -70.21%.

On 1-year performance, SOXX leads with 190.05% vs 23.44% for TIME. On fees, SOXX is cheaper at 0.34% per year. On volatility, TIME has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, SOXX has performed better with a 190.05% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXX is cheaper with a 0.34% expense ratio, compared with 1.00% for TIME.

TIME has the higher dividend yield at 9.12%, compared with 0.27% for SOXX.

TIME is categorized as Technology Equities, while SOXX is Semiconductors. They also come from different issuers: Clockwise Capital and iShares. Their fees differ too: 1.00% for TIME and 0.34% for SOXX.

SOXX currently has the higher Sharpe Ratio (5.61 vs 1.78), 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.

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