XDAT vs. TIME

Last updated Jun 24, 2026

XDAT (Franklin Exponential Data ETF) and TIME (Clockwise Core Equity & Innovation ETF) are both Technology Equities funds. Both are actively managed. Over the past year, XDAT returned -9.59% vs 18.44% for TIME. A 0.69 correlation means they provide meaningful diversification when combined. XDAT charges 0.50%/yr vs 1.00%/yr for TIME.

Performance

XDAT vs. TIME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Exponential Data ETF (XDAT) and Clockwise Core Equity & Innovation ETF (TIME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDAT achieves a -7.81% return, which is significantly lower than TIME's 6.28% return.

XDAT

• 1D: -0.58%
• 1M: -2.09%
• YTD: -7.81%
• 6M: -9.60%
• 1Y: -9.59%
• 3Y*: 8.96%
• 5Y*: -2.54%
• 10Y*: —

TIME

• 1D: -1.44%
• 1M: -2.34%
• YTD: 6.28%
• 6M: 5.78%
• 1Y: 18.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDAT vs. TIME - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XDAT Franklin Exponential Data ETF	-7.81%	1.87%	14.63%
TIME Clockwise Core Equity & Innovation ETF	6.28%	10.17%	5.94%

Correlation

The correlation between XDAT and TIME is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 24, 2024	0.69

The correlation between XDAT and TIME has been stable across timeframes, ranging from 0.59 to 0.69 - a consistent structural relationship.

XDAT vs. TIME - Sectors Allocation Comparison

Sectors	XDAT	TIME
Technology	59.4%	41.1%
Communication Services	32.0%	15.4%
Real Estate	4.7%	-
Healthcare	2.6%	0.5%
Financial Services	2.4%	8.9%
Consumer Cyclical	1.2%	8.7%
Industrials	0.2%	5.3%
Basic Materials	-	5.3%
Consumer Defensive	-	3.0%
Energy	-	8.3%
Utilities	-	4.1%

Return for Risk

XDAT vs. TIME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDAT

XDAT Risk / Return Rank: 6
XDAT Sharpe Ratio Rank: 6
XDAT Sortino Ratio Rank: 5
XDAT Omega Ratio Rank: 5
XDAT Calmar Ratio Rank: 6
XDAT Martin Ratio Rank: 6

TIME

TIME Risk / Return Rank: 35
TIME Sharpe Ratio Rank: 40
TIME Sortino Ratio Rank: 36
TIME Omega Ratio Rank: 37
TIME Calmar Ratio Rank: 29
TIME Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDAT vs. TIME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Exponential Data ETF (XDAT) 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.

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.

	XDAT	TIME	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	1.33	-1.72
Sortino ratio: Return per unit of downside risk	-0.40	1.82	-2.22
Omega ratio: Gain probability vs. loss probability	0.95	1.23	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.33	1.41	-1.74
Martin ratio: Return relative to average drawdown	-0.68	5.10	-5.77

XDAT vs. TIME - Sharpe Ratio Comparison

The current XDAT Sharpe Ratio is -0.40, which is lower than the TIME Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of XDAT 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

XDAT vs. TIME - Drawdown Comparison

The maximum XDAT drawdown since its inception was -54.87%, which is greater than TIME's maximum drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for XDAT and TIME.

Drawdown Indicators

	XDAT	TIME	Difference
Max Drawdown Largest peak-to-trough decline	-54.87%	-24.26%	-30.61%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	-13.09%	-16.47%
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.87%	—	—
Current Drawdown Current decline from peak	-22.87%	-3.94%	-18.93%
Average Drawdown Average peak-to-trough decline	-25.85%	-5.53%	-20.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.17%	3.63%	+10.54%

Volatility

XDAT vs. TIME - Volatility Comparison

Franklin Exponential Data ETF (XDAT) has a higher volatility of 10.70% compared to Clockwise Core Equity & Innovation ETF (TIME) at 5.23%. This indicates that XDAT'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

	XDAT	TIME	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.70%	5.23%	+5.47%
Volatility (6M) Calculated over the trailing 6-month period	20.11%	11.10%	+9.01%
Volatility (1Y) Calculated over the trailing 1-year period	24.35%	13.98%	+10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.56%	17.73%	+11.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.43%	17.73%	+11.70%

XDAT vs. TIME - Expense Ratio Comparison

XDAT has a 0.50% expense ratio, which is lower than TIME's 1.00% expense ratio.

Dividends

XDAT vs. TIME - Dividend Comparison

XDAT has not paid dividends to shareholders, while TIME's dividend yield for the trailing twelve months is around 9.43%.

Position	TTM	2025	2024
TIME Clockwise Core Equity & Innovation ETF	9.43%	10.02%	15.84%
XDAT Franklin Exponential Data ETF	0.00%	0.00%	0.13%

Frequently Asked Questions

Can I hold both XDAT and TIME in my portfolio?

XDAT and TIME have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDAT or TIME?

XDAT has higher volatility (10.70%) compared to TIME (5.23%). In terms of maximum drawdown, XDAT dropped -54.87% vs TIME's -24.26%.

Which ETF is better, XDAT or TIME?

On 1-year performance, TIME leads with 18.44% vs -9.59% for XDAT. On fees, XDAT is cheaper at 0.50% per year. On volatility, TIME has been the lower-risk option at 5.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDAT or TIME?

Over the 1-year period, TIME has performed better with a 18.44% return vs -9.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDAT or TIME?

XDAT is cheaper with a 0.50% expense ratio, compared with 1.00% for TIME.

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

TIME has the higher dividend yield at 9.43%, compared with 0.00% for XDAT.

What is the main difference between XDAT and TIME?

They also come from different issuers: Franklin Templeton and Clockwise Capital. Their fees differ too: 0.50% for XDAT and 1.00% for TIME.

Which has better risk-adjusted returns?

TIME currently has the higher Sharpe Ratio (1.33 vs -0.40), 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.