TIME
Clockwise Core Equity & Innovation ETF
TIME is an actively-managed ETF providing exposure to long-term core growth opportunities, balanced with emerging technologies.
US
EQUITY
Active
MANAGEMENT STYLE
29.6 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Fund sponsor | |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 27, 2022 |
| Assets (mns) | $30 |
| Expense ratio | 95 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CASH & OTHER | 15.8 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 4.4 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.1 % |
| META PLATFORMS INC | 3.4 % |
| AMAZON.COM INC | 3.3 % |
| TESLA MOTORS INC | 3.2 % |
| LAS VEGAS SANDS CORP | 3.2 % |
| MICROSTRATEGY INC-CL A | 3.1 % |
| ASML HOLDING NV-NY REG SHS | 3.0 % |
| VERIZON COMMUNICATIONS INC | 3.0 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 394 |
| Wgt avg mkt cap (mns) | $312,765 |
| Large cap (>$10bn) | 88.9% |
| Mid cap ($2-10bn) | 11.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 67.5 % |
 |
NETHERLANDS | 3.0 % |
 |
LUXEMBOURG | 3.0 % |
 |
TAIWAN | 2.0 % |
 |
CANADA | 2.0 % |
 |
BRITAIN | 1.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 40.1% | 48.4% | 43.4% | -- | -- | -- | 13.2% | Volatility | 18.9% | 17.9% | 19.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 71% |
| MSCI EAFE | 0.93 | 39% |
| MSCI Emg Mkts | 0.75 | 26% |
Liquidity Measures
| Avg. volume (000) | 32 |
| Turnover | 3.2% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $109,009 |
Technical Indicators
| Recent close | $29.62 |
| 30d moving avg. | $30.43 |
| Annualized volatility | 26.3% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.9% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. TIME |
Expenses vs. TIME |
ALTAR Score™ vs. TIME |
|---|---|---|---|---|
| SFYF | SoFi Social 50 ETF | 30.8% | -66 bp | -4.7% |
| BUZZ | VanEck Social Sentiment ETF | 26.3% | -20 bp | -1.4% |
| ARKW | ARK Next Generation Internet ETF | 25.8% | -8 bp | -3.2% |
| MVPS | Amplify Thematic All-Stars ETF | 23.5% | -46 bp | +0.3% |
| PWB | Invesco Large Cap Growth ETF | 23.1% | -39 bp | +0.7% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 22.7% | -27 bp | -0.2% |
| FFOG | Franklin Focused Growth ETF FOCUSED GROWTH ETF | 22.2% | -34 bp | +0.2% |
| GQQQ | Astoria US Quality Growth Kings ETF | 21.4% | -60 bp | +2.7% |
| BTECX | Baron Technology | 21.2% | -20 bp | -0.3% |
| BIOPX | Baron Opportunity Retail | 21.2% | -20 bp | -1.6% |
Risk and Returns: TIME vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
TIME
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
TIME
2.6%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. TIME's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places TIME in the 12nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TIMESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| TIME (95 bp) Percentile rank | 79 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TIME | 95.0 | 17.0 | 112 |
| Peer Avg. | 66.5 | 47.6 | 114.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .