BAFE vs TIME
Brown Advisory Flexible Equity ETF vs Clockwise US Core Equity ETF
Which is better, BAFE or TIME?
Each has led over a different period.
BAFE has a lower expense ratio. BAFE led over the full window, TIME over 1Y. BAFE is less concentrated, with 45.4% of the fund in its ten largest positions against 46.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BAFE | TIME |
|---|---|---|
| Expense Ratio | 0.54%Best | 0.96% |
| AUM | $1.8B | $16M |
| Dividend Yield | 0.27% | 0.67% |
| Holdings | 90 | 56 |
| YTD Return | +9.97% | +11.28%Best |
| 1Y Return | +12.65% | +13.37%Best |
| 3Y Return (annualized) | - | +18.43% |
| Volatility (annualized) | 13.2%Best | 21.9% |
| Max Drawdown | -18.4%Best | -32.3% |
| $10,000 over 1.9 years | $12,035Best | $10,239 |
| Top 10 Weight | 45.4%Best | 46.2% |
| Fund Family | Brown Advisory | Clockwise Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Jan 27, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 14, 2026 (1.9 years).
BAFE vs TIME growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
BAFE vs TIME Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and Clockwise US Core Equity ETF (TIME) is an ETF from Clockwise Capital. Over the past year BAFE returned +12.65% while TIME returned +13.37%. Year to date, BAFE is up 9.97% versus a gain of 11.28% for TIME.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TIME has been the more volatile fund, with annualized monthly volatility of 21.9% compared with 13.2% for BAFE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.4% for BAFE and -32.3% for TIME. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while TIME charges 0.96%. On a $10,000 position that is $54 vs $96 annually, a gap of $42 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.67% for TIME.
Holdings Overlap
39.6% of BAFE's money is in holdings TIME also owns. 42.5% of TIME's money is in holdings BAFE also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 42 positions we hold weights for in BAFE and 59 in TIME, against full books of 90 and 56.
What only one of them owns
Our book lists 46 positions for TIME that do not appear in our book for BAFE (55.5% of the fund), and 25 for BAFE that do not appear in TIME (43.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BAFE | Weight in TIME | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.84% | 9.34% | 5.50% |
| MSFTMicrosoft Corp | 6.49% | 6.28% | 0.21% |
| AAPLApple, Inc | 1.90% | 9.28% | 7.38% |
| GOOGLAlphabet Inc | 3.72% | 4.78% | 1.06% |
| AMZNAmazon.Com Inc | 4.42% | 3.68% | 0.74% |
| METAMeta Platforms Inc | 4.60% | 1.22% | 3.38% |
| VVisa Inc Class A | 4.22% | 1.36% | 2.86% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.11% | 1.89% | 1.22% |
| MRVLMarvell Technology Inc | 1.85% | 2.44% | 0.59% |
| UNHUnitedhealth Group, Inc. | 2.82% | 0.46% | 2.36% |
42.5% of TIME is already inside BAFE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BAFE or TIME?
BAFE has an expense ratio of 0.54% while TIME charges 0.96%. BAFE is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, BAFE or TIME?
Over the past year BAFE returned +12.65% vs +13.37% for TIME, so TIME leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs +1.25% for TIME. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or TIME?
TIME has been the more volatile fund at 21.9% annualized versus 13.2% for BAFE. Worst drawdown: BAFE -18.4% vs TIME -32.3%.
Should I hold both BAFE and TIME?
BAFE and TIME have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BAFE and TIME?
42.5% of TIME's money is in holdings BAFE also owns. 42.5% of TIME's is in holdings BAFE also owns. They hold 12 positions in common, counted across the 42 positions we hold weights for in BAFE and 59 in TIME.
Which pays a higher dividend, BAFE or TIME?
BAFE yields 0.27% while TIME yields 0.67%, so TIME currently pays the higher dividend yield.
Is TIME better than BAFE?
BAFE has a lower expense ratio. BAFE led over the full window, TIME over 1Y. BAFE is less concentrated, with 45.4% of the fund in its ten largest positions against 46.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.