Key characteristics
| ARKK | ARKQ | |
|---|---|---|
| YTD Return | -5.77% | -4.63% |
| 1Y Return | 48.01% | 26.77% |
| 3Y Return (Ann) | -29.42% | -13.55% |
| 5Y Return (Ann) | 4.15% | 12.31% |
| Sharpe Ratio | 1.29 | 1.13 |
| Daily Std Dev | 40.08% | 25.35% |
| Max Drawdown | -80.91% | -59.89% |
Correlation
0.86
-1.001.00
The correlation between ARKK and ARKQ is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
ARKK vs. ARKQ - Performance Comparison
In the year-to-date period, ARKK achieves a -5.77% return, which is significantly lower than ARKQ's -4.63% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
ARKK
ARKQ
ARKK vs. ARKQ - Dividend Comparison
Neither ARKK nor ARKQ has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
ARKQ ARK Autonomous Technology & Robotics ETF | 0.00% | 0.00% | 0.00% | 0.80% | 0.86% | 0.00% | 2.86% | 1.54% | 0.00% | 0.98% |
ARKK vs. ARKQ - Expense Ratio Comparison
Both ARKK and ARKQ have an expense ratio of 0.75%.
0.75%
0.00%2.15%
0.75%
0.00%2.15%
ARKK vs. ARKQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and ARK Autonomous Technology & Robotics ETF (ARKQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ARKK ARK Innovation ETF | 1.29 | ||||
ARKQ ARK Autonomous Technology & Robotics ETF | 1.13 |
ARKK vs. ARKQ - Sharpe Ratio Comparison
The current ARKK Sharpe Ratio is 1.29, which roughly equals the ARKQ Sharpe Ratio of 1.13. The chart below compares the 12-month rolling Sharpe Ratio of ARKK and ARKQ.
ARKK
ARKQ
ARKK vs. ARKQ - Drawdown Comparison
The maximum ARKK drawdown for the period was -77.86%, lower than the maximum ARKQ drawdown of -52.66%. The drawdown chart below compares losses from any high point along the way for ARKK and ARKQ
ARKK
ARKQ
ARKK vs. ARKQ - Volatility Comparison
ARK Innovation ETF (ARKK) has a higher volatility of 11.77% compared to ARK Autonomous Technology & Robotics ETF (ARKQ) at 7.97%. This indicates that ARKK's price experiences larger fluctuations and is considered to be riskier than ARKQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
ARKK
ARKQ
