WFH vs. TIME
Compare and contrast key facts about Direxion Work From Home ETF (WFH) and Clockwise Core Equity & Innovation ETF (TIME).
WFH and TIME are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WFH is a passively managed fund by Direxion that tracks the performance of the Solactive Remote Work Index. It was launched on Jun 25, 2020. 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: WFH or TIME.
Correlation
The correlation between WFH and TIME is 0.83, 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.
Performance
WFH vs. TIME - Performance Comparison
Key characteristics
WFH:
0.39
TIME:
0.24
WFH:
0.72
TIME:
0.45
WFH:
1.10
TIME:
1.06
WFH:
0.29
TIME:
0.21
WFH:
1.27
TIME:
0.64
WFH:
8.05%
TIME:
7.87%
WFH:
26.66%
TIME:
21.14%
WFH:
-51.23%
TIME:
-42.24%
WFH:
-24.91%
TIME:
-18.05%
Returns By Period
The year-to-date returns for both stocks are quite close, with WFH having a -8.68% return and TIME slightly lower at -8.79%.
WFH
-8.68%
-3.44%
-1.76%
11.32%
N/A
N/A
TIME
-8.79%
-2.63%
-7.34%
4.67%
N/A
N/A
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WFH vs. TIME - Expense Ratio Comparison
WFH has a 0.45% expense ratio, which is lower than TIME's 1.00% expense ratio.
Risk-Adjusted Performance
WFH vs. TIME — Risk-Adjusted Performance Rank
WFH
TIME
WFH vs. TIME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Work From Home ETF (WFH) 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.
Dividends
WFH vs. TIME - Dividend Comparison
WFH's dividend yield for the trailing twelve months is around 0.53%, less than TIME's 17.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
WFH Direxion Work From Home ETF | 0.53% | 0.50% | 0.67% | 0.42% | 0.79% | 0.87% |
TIME Clockwise Core Equity & Innovation ETF | 17.37% | 15.84% | 21.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
WFH vs. TIME - Drawdown Comparison
The maximum WFH drawdown since its inception was -51.23%, which is greater than TIME's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for WFH and TIME. For additional features, visit the drawdowns tool.
Volatility
WFH vs. TIME - Volatility Comparison
Direxion Work From Home ETF (WFH) has a higher volatility of 18.10% compared to Clockwise Core Equity & Innovation ETF (TIME) at 8.71%. This indicates that WFH'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.