USMD vs. TIME

Last updated Aug 5, 2026

USMD (CoreValues America First Technology ETF) and TIME (Clockwise U.S. Core Equity ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.87 means they have usually moved in the same direction. USMD charges 0.87%/yr vs 1.00%/yr for TIME.

Performance

USMD vs. TIME - Performance Comparison

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

Returns By Period

USMD

• 1D: 4.53%
• 1M: 2.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TIME

• 1D: 1.15%
• 1M: 2.44%
• 6M: 8.57%
• YTD: 9.18%
• 1Y: 17.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.17%

*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	$49.28K	$42.67K	$99.16K
USMD CoreValues America First Technology ETF	$990.75	$1.45K	$638.40

USMD vs. TIME - Yearly Performance Comparison

	2026 (YTD)
USMD CoreValues America First Technology ETF	26.12%
TIME Clockwise U.S. Core Equity ETF	12.91%

Correlation

The correlation between USMD and TIME is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026	0.87

Return for Risk

USMD vs. TIME — Risk / Return Rank

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

USMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TIME

TIME Risk / Return Rank: 39
TIME Sharpe Ratio Rank: 42
TIME Sortino Ratio Rank: 40
TIME Omega Ratio Rank: 40
TIME Calmar Ratio Rank: 34
TIME Martin Ratio Rank: 38

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.

USMD vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreValues America First Technology ETF (USMD) 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.

	USMD	TIME	Difference
Sharpe ratio: Return per unit of total volatility	—	1.21	—
Sortino ratio: Return per unit of downside risk	—	1.67	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.31	—
Martin ratio: Return relative to average drawdown	—	4.46	—

Drawdowns

USMD vs. TIME - Drawdown Comparison

The maximum USMD drawdown since its inception was -16.64%, smaller than the maximum TIME drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for USMD and TIME.

Drawdown Indicators

	USMD	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-24.26%	+7.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.09%	—
Current Drawdown Current decline from peak	-5.38%	-1.31%	-4.07%
Average Drawdown Average peak-to-trough decline	-4.10%	-5.43%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.83%	—

Volatility

Volatility by Period

	USMD	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.69%	14.26%	+13.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.69%	17.55%	+10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.69%	17.55%	+10.14%

USMD vs. TIME - Expense Ratio Comparison

USMD has a 0.87% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

USMD vs. TIME - Dividend Comparison

USMD has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 9.18%.

Position	TTM	2025	2024
TIME Clockwise U.S. Core Equity ETF	9.18%	10.02%	15.84%
USMD CoreValues America First Technology ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USMD and TIME in my portfolio?

USMD and TIME have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USMD or TIME?

On fees, USMD is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USMD or TIME?

USMD is cheaper with a 0.87% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.18%, compared with 0.00% for USMD.

What is the main difference between USMD and TIME?

They also come from different issuers: CoreValues and Clockwise. Their fees differ too: 0.87% for USMD and 1.00% for TIME.