PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
TIME vs. USD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

TIME vs. USD - Performance Comparison

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

-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
15.87%
20.58%
TIME
USD

Returns By Period

In the year-to-date period, TIME achieves a 44.29% return, which is significantly lower than USD's 149.32% return.


TIME

YTD

44.29%

1M

6.48%

6M

15.87%

1Y

54.44%

5Y (annualized)

N/A

10Y (annualized)

N/A

USD

YTD

149.32%

1M

-3.81%

6M

20.58%

1Y

192.75%

5Y (annualized)

59.69%

10Y (annualized)

46.20%

Key characteristics


TIMEUSD
Sharpe Ratio3.032.37
Sortino Ratio3.822.60
Omega Ratio1.521.34
Calmar Ratio4.143.94
Martin Ratio16.6610.35
Ulcer Index3.31%18.20%
Daily Std Dev18.18%79.57%
Max Drawdown-42.24%-87.93%
Current Drawdown-0.08%-17.56%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TIME vs. USD - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than USD's 0.95% 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 USD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.8

The correlation between TIME and USD is 0.81, 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.

Risk-Adjusted Performance

TIME vs. USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and ProShares Ultra Semiconductors (USD). 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.


Sharpe ratio
The chart of Sharpe ratio for TIME, currently valued at 3.03, compared to the broader market0.002.004.003.032.37
The chart of Sortino ratio for TIME, currently valued at 3.82, compared to the broader market-2.000.002.004.006.008.0010.0012.003.822.60
The chart of Omega ratio for TIME, currently valued at 1.52, compared to the broader market0.501.001.502.002.503.001.521.34
The chart of Calmar ratio for TIME, currently valued at 4.14, compared to the broader market0.005.0010.0015.004.143.94
The chart of Martin ratio for TIME, currently valued at 16.66, compared to the broader market0.0020.0040.0060.0080.00100.0016.6610.35
TIME
USD

The current TIME Sharpe Ratio is 3.03, which is comparable to the USD Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of TIME and USD, 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 Ratio1.002.003.004.005.00JuneJulyAugustSeptemberOctoberNovember
3.03
2.37
TIME
USD

Dividends

TIME vs. USD - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 14.58%, more than USD's 0.02% yield.


TTM20232022202120202019201820172016201520142013
TIME
Clockwise Core Equity & Innovation ETF
14.58%21.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USD
ProShares Ultra Semiconductors
0.02%0.05%0.30%0.00%0.24%1.24%1.06%0.55%7.33%0.54%2.98%1.26%

Drawdowns

TIME vs. USD - Drawdown Comparison

The maximum TIME drawdown since its inception was -42.24%, smaller than the maximum USD drawdown of -87.93%. Use the drawdown chart below to compare losses from any high point for TIME and USD. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.08%
-17.56%
TIME
USD

Volatility

TIME vs. USD - Volatility Comparison

The current volatility for Clockwise Core Equity & Innovation ETF (TIME) is 6.42%, while ProShares Ultra Semiconductors (USD) has a volatility of 18.72%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
6.42%
18.72%
TIME
USD