Correlation
The correlation between WBAT and TIME is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
WBAT vs. TIME
Compare and contrast key facts about WisdomTree Battery Value Chain and Innovation Fund (WBAT) and Clockwise Core Equity & Innovation ETF (TIME).
WBAT and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WBAT is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Battery Solutions Index. It was launched on Feb 15, 2022. TIME is an actively managed fund by Clockwise Capital. It was launched on Jan 27, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WBAT or TIME.
Performance
WBAT vs. TIME - Performance Comparison
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Key characteristics
WBAT:
-0.22
TIME:
0.18
WBAT:
-0.16
TIME:
0.33
WBAT:
0.98
TIME:
1.04
WBAT:
-0.14
TIME:
0.12
WBAT:
-0.65
TIME:
0.33
WBAT:
9.47%
TIME:
9.12%
WBAT:
26.19%
TIME:
20.83%
WBAT:
-44.18%
TIME:
-42.24%
WBAT:
-32.63%
TIME:
-13.57%
Returns By Period
In the year-to-date period, WBAT achieves a 1.57% return, which is significantly higher than TIME's -3.81% return.
WBAT
1.57%
3.96%
-4.17%
-5.73%
-9.17%
N/A
N/A
TIME
-3.81%
5.31%
-10.17%
4.69%
19.74%
N/A
N/A
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WBAT vs. TIME - Expense Ratio Comparison
WBAT has a 0.45% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
WBAT vs. TIME — Risk-Adjusted Performance Rank
WBAT
TIME
WBAT vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Battery Value Chain and Innovation Fund (WBAT) and Clockwise Core Equity & Innovation 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.
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Dividends
WBAT vs. TIME - Dividend Comparison
WBAT's dividend yield for the trailing twelve months is around 1.30%, less than TIME's 16.47% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
WBAT WisdomTree Battery Value Chain and Innovation Fund | 1.30% | 1.32% | 2.42% | 0.46% |
TIME Clockwise Core Equity & Innovation ETF | 16.47% | 15.84% | 21.04% | 0.00% |
Drawdowns
WBAT vs. TIME - Drawdown Comparison
The maximum WBAT drawdown since its inception was -44.18%, roughly equal to the maximum TIME drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for WBAT and TIME.
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Volatility
WBAT vs. TIME - Volatility Comparison
WisdomTree Battery Value Chain and Innovation Fund (WBAT) has a higher volatility of 4.94% compared to Clockwise Core Equity & Innovation ETF (TIME) at 3.29%. This indicates that WBAT'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.
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