re: Joe Russo answers your Endgame questions (SPOILERS)

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Q: EG's plot, is it a parallel universe or a closed time loop?
A: Nope, not a time loop. Both Ancient One and Hulk were right. You can't change the future by simply going back to past. But it's possible to create a different alternate future. It's not butterfly effect. Every decision you made in the past could potentially create a new timeline. For example, the old Cap at the end movie, he lived his married life in a different universe from the main one. He had to make another jump back to the main universe at the end to give the shield to Sam.

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