UFOX vs. TIME

Last updated Aug 2, 2026

UFOX (Defiance Connective Technologies ETF) and TIME (Clockwise U.S. Core Equity ETF) are both Technology Equities funds. UFOX is passively managed, while TIME is actively managed. Over the past year, UFOX returned 50.71% vs 16.12% for TIME. Their 0.78 correlation means they have sometimes moved together and sometimes differently. UFOX charges 0.30%/yr vs 1.00%/yr for TIME.

Performance

UFOX vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) and Clockwise U.S. Core Equity ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFOX achieves a 24.91% return, which is significantly higher than TIME's 6.68% return.

UFOX

• 1D: 0.28%
• 1M: -10.33%
• 6M: 20.27%
• YTD: 24.91%
• 1Y: 50.71%
• 3Y*: 34.01%
• 5Y*: 16.95%
• 10Y*: —
• ALL TIME*: 18.18%

TIME

• 1D: 0.63%
• 1M: 0.10%
• 6M: 6.87%
• YTD: 6.68%
• 1Y: 16.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TIME Clockwise U.S. Core Equity ETF	$50.21K	$44.64K	$109.23K
UFOX Defiance Connective Technologies ETF	$4.02M	$3.58M	$4.72M

UFOX vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UFOX Defiance Connective Technologies ETF	24.91%	34.83%	14.90%
TIME Clockwise U.S. Core Equity ETF	6.68%	10.17%	5.94%

Correlation

The correlation between UFOX and TIME is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.77
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.78

The correlation between UFOX and TIME has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.

UFOX vs. TIME - Sectors Allocation Comparison

Sectors	UFOX	TIME
Technology	76.1%	45.5%
Industrials	14.4%	5.3%
Communication Services	6.4%	15.6%
Real Estate	3.1%	-
Basic Materials	-	3.3%
Consumer Cyclical	-	6.1%
Consumer Defensive	-	5.5%
Energy	-	6.8%
Financial Services	-	3.6%
Healthcare	-	6.8%
Utilities	-	1.6%

Return for Risk

UFOX vs. TIME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UFOX

UFOX Risk / Return Rank: 58
UFOX Sharpe Ratio Rank: 67
UFOX Sortino Ratio Rank: 62
UFOX Omega Ratio Rank: 61
UFOX Calmar Ratio Rank: 46
UFOX Martin Ratio Rank: 53

TIME

TIME Risk / Return Rank: 40
TIME Sharpe Ratio Rank: 44
TIME Sortino Ratio Rank: 42
TIME Omega Ratio Rank: 42
TIME Calmar Ratio Rank: 35
TIME Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UFOX vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) and Clockwise U.S. Core Equity ETF (TIME). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UFOX	TIME	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.10	+0.43
Sortino ratio: Return per unit of downside risk	2.09	1.55	+0.54
Omega ratio: Gain probability vs. loss probability	1.26	1.20	+0.07
Calmar ratio: Return relative to maximum drawdown	1.66	1.20	+0.46
Martin ratio: Return relative to average drawdown	6.25	4.09	+2.16

UFOX vs. TIME - Sharpe Ratio Comparison

The current UFOX Sharpe Ratio is 1.54, which is higher than the TIME Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of UFOX and TIME, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UFOX vs. TIME - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for UFOX and TIME.

Drawdown Indicators

	UFOX	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-24.26%	-9.64%
Max Drawdown (1Y) Largest decline over 1 year	-28.71%	-13.09%	-15.62%
Max Drawdown (3Y) Largest decline over 3 years	-28.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	—	—
Current Drawdown Current decline from peak	-25.11%	-3.57%	-21.54%
Average Drawdown Average peak-to-trough decline	-9.18%	-5.44%	-3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.61%	3.83%	+3.78%

Volatility

UFOX vs. TIME - Volatility Comparison

Defiance Connective Technologies ETF (UFOX) has a higher volatility of 11.73% compared to Clockwise U.S. Core Equity ETF (TIME) at 3.90%. This indicates that UFOX's price experiences larger fluctuations and is considered to be riskier than TIME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UFOX	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.73%	3.90%	+7.83%
Volatility (6M) Calculated over the trailing 6-month period	26.21%	11.44%	+14.77%
Volatility (1Y) Calculated over the trailing 1-year period	31.05%	14.19%	+16.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.82%	17.55%	+8.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.83%	17.55%	+8.28%

UFOX vs. TIME - Expense Ratio Comparison

UFOX has a 0.30% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

UFOX vs. TIME - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.48%, less than TIME's 9.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TIME Clockwise U.S. Core Equity ETF	9.39%	10.02%	15.84%	0.00%	0.00%	0.00%	0.00%	0.00%
UFOX Defiance Connective Technologies ETF	0.48%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%

Frequently Asked Questions

Can I hold both UFOX and TIME in my portfolio?

UFOX and TIME have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFOX or TIME?

UFOX has higher volatility (11.73%) compared to TIME (3.90%). In terms of maximum drawdown, UFOX dropped -33.90% vs TIME's -24.26%.

Which ETF is better, UFOX or TIME?

On 1-year performance, UFOX leads with 50.71% vs 16.12% for TIME. On fees, UFOX is cheaper at 0.30% per year. On volatility, TIME has been the lower-risk option at 3.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFOX or TIME?

Over the 1-year period, UFOX has performed better with a 50.71% return vs 16.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFOX or TIME?

UFOX is cheaper with a 0.30% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.39%, compared with 0.48% for UFOX.

What is the main difference between UFOX and TIME?

They also come from different issuers: Defiance and Clockwise. Their fees differ too: 0.30% for UFOX and 1.00% for TIME.

Which has better risk-adjusted returns?

UFOX currently has the higher Sharpe Ratio (1.54 vs 1.10), 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.