Key characteristics
| ARKK | QQQ | |
|---|---|---|
| YTD Return | -6.63% | -3.12% |
| 1Y Return | 58.96% | 52.72% |
| 3Y Return (Ann) | -27.02% | 9.06% |
| 5Y Return (Ann) | 5.70% | 21.34% |
| Sharpe Ratio | 1.37 | 2.81 |
| Daily Std Dev | 40.28% | 17.93% |
| Max Drawdown | -80.91% | -82.98% |
Correlation
0.73
-1.001.00
The correlation between ARKK and QQQ is 0.73, 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. QQQ - Performance Comparison
In the year-to-date period, ARKK achieves a -6.63% return, which is significantly lower than QQQ's -3.12% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
ARKK
QQQ
ARKK vs. QQQ - Dividend Comparison
ARKK has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.64% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
ARKK vs. QQQ - Expense Ratio Comparison
ARKK has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
ARKK
0.75%
0.00%2.15%
QQQ
0.20%
0.00%2.15%
ARKK vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and Invesco QQQ (QQQ). 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 | 1.37 | ||||
QQQ Invesco QQQ | 2.81 |
ARKK vs. QQQ - Sharpe Ratio Comparison
The current ARKK Sharpe Ratio is 1.37, which is lower than the QQQ Sharpe Ratio of 2.81. The chart below compares the 12-month rolling Sharpe Ratio of ARKK and QQQ.
ARKK
QQQ
ARKK vs. QQQ - Drawdown Comparison
The maximum ARKK drawdown for the period was -77.86%, lower than the maximum QQQ drawdown of -13.83%. The drawdown chart below compares losses from any high point along the way for ARKK and QQQ
ARKK
QQQ
ARKK vs. QQQ - Volatility Comparison
ARK Innovation ETF (ARKK) has a higher volatility of 11.54% compared to Invesco QQQ (QQQ) at 3.93%. This indicates that ARKK's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
ARKK
QQQ
