IVV vs TIME
iShares Core S&P 500 ETF vs Clockwise US Core Equity ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | TIME | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.96% | |
| AUM | $907.0B | $16M | |
| Dividend Yield | 1.10% | 9.41% | |
| Holdings | 508 | 46 | |
| YTD Return | +13.25% | +7.79% | |
| 1Y Return | +19.95% | +13.74% | |
| 3Y Return (annualized) | +21.26% | +16.28% | |
| 5Y Return (annualized) | +12.82% | - | |
| Volatility (annualized) | 15.1% | 24.6% | |
| Max Drawdown | -56.5% | -42.2% | |
| Fund Family | iShares by BlackRock (US) | Clockwise Capital | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jan 27, 2022 |
IVV vs TIME Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Clockwise US Core Equity ETF (TIME) is a ETF from Clockwise Capital. Over the past year IVV returned +19.95% while TIME returned +13.74%. Year to date, IVV is up 13.25% versus a gain of 7.79% for TIME.
Over three years, IVV compounded at +21.26% per year against +16.28% for TIME. Across the full 5-year window we track, TIME has the edge at +7.75% annualized vs +7.01%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TIME has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 15.1% for IVV. 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 -56.5% for IVV and -42.2% for TIME. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while TIME charges 0.96%. On a $10,000 position that is $3 vs $96 annually, a gap of $93 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 9.41% for TIME.
Holdings Overlap
IVV and TIME share 27 holdings out of 520 unique holdings combined, representing a 41.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or TIME?
IVV has an expense ratio of 0.03% while TIME charges 0.96%. IVV is the cheaper option. On a $10,000 investment, that is $93 per year of difference.
Which performed better, IVV or TIME?
Over the past year IVV returned +19.95% vs +13.74% for TIME, so IVV leads on 1-year performance. Over the longest common window we track (5 years), IVV annualized +7.01% vs +7.75% for TIME. Past performance does not guarantee future results.
Which is riskier, IVV or TIME?
TIME has been the more volatile fund at 24.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs TIME -42.2%.
Should I hold both IVV and TIME?
IVV and TIME have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and TIME?
IVV and TIME share 27 common holdings with a 41.5% weight overlap. Combined, they hold 520 unique securities.
Which pays a higher dividend, IVV or TIME?
IVV yields 1.10% while TIME yields 9.41%, so TIME currently pays the higher dividend yield.
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