State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Clockwise US Core Equity ETF (TIME) is a ETF from Clockwise Capital. Over the past year SPY returned +23.66% while TIME returned +15.17%. Year to date, SPY is up 13.79% versus a gain of 8.90% for TIME.

Over three years, SPY compounded at +21.40% per year against +16.55% for TIME. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +8.10%. Past performance does not guarantee future results.

TIME has been the more volatile fund, with annualized monthly volatility of 24.6% compared with 15.3% for SPY. 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 SPY 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.

SPY charges 0.09% per year while TIME charges 0.96%. On a $10,000 position that is $9 vs $96 annually, a gap of $87 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 16.47% for TIME.