TIME vs. WISE

Last updated Jun 4, 2026

TIME (Clockwise Core Equity & Innovation ETF) and WISE (Themes Generative Artificial Intelligence ETF) are both Technology Equities funds. TIME is actively managed, while WISE is passively managed. Over the past year, TIME returned 23.44% vs 36.46% for WISE. A 0.76 correlation means they provide meaningful diversification when combined. TIME charges 1.00%/yr vs 0.35%/yr for WISE.

Performance

TIME vs. WISE - Performance Comparison

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

Returns By Period

In the year-to-date period, TIME achieves a 9.82% return, which is significantly lower than WISE's 11.03% return.

TIME

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

WISE

• 1D: -3.13%
• 1M: 11.81%
• YTD: 11.03%
• 6M: 7.21%
• 1Y: 36.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIME vs. WISE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TIME Clockwise Core Equity & Innovation ETF	9.82%	10.17%	6.75%
WISE Themes Generative Artificial Intelligence ETF	11.03%	5.88%	40.04%

Correlation

The correlation between TIME and WISE is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jun 25, 2024	0.76

The correlation between TIME and WISE has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.

TIME vs. WISE - Sectors Allocation Comparison

Sectors	TIME	WISE
Technology	38.5%	90.4%
Communication Services	17.4%	3.2%
Consumer Cyclical	13.8%	4.0%
Consumer Defensive	10.1%	-
Energy	8.4%	-
Utilities	5.1%	0.3%
Financial Services	3.2%	-
Basic Materials	3.0%	-
Industrials	1.0%	1.5%
Healthcare	0.5%	0.7%
Real Estate	-	-

Return for Risk

TIME vs. WISE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIME

TIME Risk / Return Rank: 45
TIME Sharpe Ratio Rank: 51
TIME Sortino Ratio Rank: 48
TIME Omega Ratio Rank: 49
TIME Calmar Ratio Rank: 36
TIME Martin Ratio Rank: 41

WISE

WISE Risk / Return Rank: 27
WISE Sharpe Ratio Rank: 31
WISE Sortino Ratio Rank: 30
WISE Omega Ratio Rank: 29
WISE Calmar Ratio Rank: 23
WISE Martin Ratio Rank: 21

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. WISE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and Themes Generative Artificial Intelligence ETF (WISE). 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	WISE	Difference
Sharpe ratio: Return per unit of total volatility	1.78	1.14	+0.64
Sortino ratio: Return per unit of downside risk	2.40	1.64	+0.75
Omega ratio: Gain probability vs. loss probability	1.31	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	1.80	1.07	+0.72
Martin ratio: Return relative to average drawdown	6.63	2.58	+4.04
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. WISE - Sharpe Ratio Comparison

The current TIME Sharpe Ratio is 1.78, which is higher than the WISE Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of TIME and WISE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIME	WISE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	1.14	+0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.78	+0.02

Drawdowns

TIME vs. WISE - Drawdown Comparison

The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum WISE drawdown of -39.15%. Use the drawdown chart below to compare losses from any high point for TIME and WISE.

Drawdown Indicators

	TIME	WISE	Difference
Max Drawdown Largest peak-to-trough decline	-24.26%	-39.15%	+14.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	-34.08%	+20.99%
Current Drawdown Current decline from peak	-0.74%	-5.48%	+4.74%
Average Drawdown Average peak-to-trough decline	-5.60%	-11.90%	+6.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	14.15%	-10.60%

Volatility

TIME vs. WISE - Volatility Comparison

The current volatility for Clockwise Core Equity & Innovation ETF (TIME) is 3.48%, while Themes Generative Artificial Intelligence ETF (WISE) has a volatility of 10.83%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than WISE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIME	WISE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	10.83%	-7.35%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	24.11%	-13.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	32.26%	-18.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.62%	33.55%	-15.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	33.55%	-15.93%

TIME vs. WISE - Expense Ratio Comparison

TIME has a 1.00% expense ratio, which is higher than WISE's 0.35% expense ratio.

Dividends

TIME vs. WISE - Dividend Comparison

TIME's dividend yield for the trailing twelve months is around 9.12%, more than WISE's 3.71% yield.

Position	TTM	2025	2024
TIME Clockwise Core Equity & Innovation ETF	9.12%	10.02%	15.84%
WISE Themes Generative Artificial Intelligence ETF	3.71%	4.12%	0.00%

Frequently Asked Questions

Can I hold both TIME and WISE in my portfolio?

TIME and WISE have a correlation of 0.71, 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 WISE?

WISE has higher volatility (10.83%) compared to TIME (3.48%). In terms of maximum drawdown, TIME dropped -24.26% vs WISE's -39.15%.

Which ETF is better, TIME or WISE?

On 1-year performance, WISE leads with 36.46% vs 23.44% for TIME. On fees, WISE is cheaper at 0.35% 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.

Which ETF has performed better, TIME or WISE?

Over the 1-year period, WISE has performed better with a 36.46% return vs 23.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TIME or WISE?

WISE is cheaper with a 0.35% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.12%, compared with 3.71% for WISE.

What is the main difference between TIME and WISE?

They also come from different issuers: Clockwise Capital and Themes. Their fees differ too: 1.00% for TIME and 0.35% for WISE.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.78 vs 1.14), 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.