TIME vs. XLK
Compare and contrast key facts about Clockwise Core Equity & Innovation ETF (TIME) and State Street Technology Select Sector SPDR ETF (XLK).
TIME and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.
Performance
TIME vs. XLK - Performance Comparison
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TIME vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | -7.92% | 10.17% | 6.75% |
XLK State Street Technology Select Sector SPDR ETF | -7.57% | 24.61% | 4.90% |
Returns By Period
The year-to-date returns for both investments are quite close, with TIME having a -7.92% return and XLK slightly higher at -7.57%.
TIME
- 1D
- 2.20%
- 1M
- -5.68%
- YTD
- -7.92%
- 6M
- -6.35%
- 1Y
- 11.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- 4.24%
- 1M
- -4.10%
- YTD
- -7.57%
- 6M
- -5.44%
- 1Y
- 29.46%
- 3Y*
- 21.58%
- 5Y*
- 15.31%
- 10Y*
- 20.82%
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TIME vs. XLK - Expense Ratio Comparison
TIME has a 1.00% expense ratio, which is higher than XLK's 0.08% expense ratio.
Return for Risk
TIME vs. XLK — Risk / Return Rank
TIME
XLK
TIME vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clockwise Core Equity & Innovation ETF (TIME) and State Street Technology Select Sector SPDR ETF (XLK). 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 | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.10 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.13 | 1.66 | -0.54 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.85 | -0.96 |
Martin ratioReturn relative to average drawdown | 3.48 | 5.98 | -2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIME | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.10 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.36 | -0.10 |
Correlation
The correlation between TIME and XLK is 0.78, 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.
Dividends
TIME vs. XLK - Dividend Comparison
TIME's dividend yield for the trailing twelve months is around 10.88%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIME Clockwise Core Equity & Innovation ETF | 10.88% | 10.02% | 15.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
TIME vs. XLK - Drawdown Comparison
The maximum TIME drawdown since its inception was -24.26%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for TIME and XLK.
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Drawdown Indicators
| TIME | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -82.05% | +57.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.09% | -15.92% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -11.18% | -12.36% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -35.17% | +29.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 4.93% | -1.54% |
Volatility
TIME vs. XLK - Volatility Comparison
The current volatility for Clockwise Core Equity & Innovation ETF (TIME) is 5.31%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.06%. This indicates that TIME experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIME | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 8.06% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.67% | 16.43% | -5.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 27.02% | -12.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.99% | 24.72% | -6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 24.33% | -6.34% |