ARK Innovation ETF (ARKK)
ARKK is an exchange-traded fund (ETF) that is actively managed by ARK Investment Management, a New York-based asset management firm specializing in disruptive innovation and technology. ARKK was launched on October 31, 2014, with an expense ratio of 0.75%.
ARKK aims to provide investors with exposure to a diverse portfolio of companies involved in disruptive innovation, such as those in genomics, energy storage, and robotics. The fund might be suitable for investors looking for a high-growth, high-risk investment strategy and willing to accept the potential for significant volatility in their portfolio.
ARKK uses a bottom-up, research-driven approach to select the underlying holdings for the fund. They seek out companies that have the potential to revolutionize their respective industries and offer long-term growth opportunities.
ETF Info
| ISIN | US00214Q1040 |
|---|---|
| CUSIP | 00214Q104 |
| Issuer | ARK Investment Management |
| Inception Date | Oct 31, 2014 |
| Region | North America (U.S.) |
| Category | Actively Managed, Innovation, Technology Equities |
| Index Tracked | No Index (Active) |
| ETF Home Page | ark-funds.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Growth |
Expense Ratio
The ARK Innovation ETF has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in ARK Innovation ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: ARKK vs. SPY, ARKK vs. QQQ, ARKK vs. ARKG, ARKK vs. BRK-B, ARKK vs. ARKQ, ARKK vs. TQQQ, ARKK vs. ARKW, ARKK vs. XLK, ARKK vs. ARKF, ARKK vs. SWPPX
Return
ARK Innovation ETF had a return of 26.01% year-to-date (YTD) and 3.87% in the last 12 months. Over the past 10 years, ARK Innovation ETF had an annualized return of 8.86%, while the S&P 500 benchmark had an annualized return of 8.75%, indicating that ARK Innovation ETF performed slightly bigger than the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -9.75% | -5.04% |
| 6 months | -0.01% | 4.58% |
| Year-To-Date | 26.01% | 11.69% |
| 1 year | 3.87% | 16.58% |
| 5 years (annualized) | -1.41% | 8.16% |
| 10 years (annualized) | 8.86% | 8.75% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.82% | -10.96% | 12.72% | 9.01% | 14.30% | -13.28% | -8.57% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and S&P 500 (^GSPC). 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 | 0.09 | ||||
^GSPC S&P 500 | 1.04 |
Dividend History
ARK Innovation ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.78 | $1.63 | $0.19 | $1.17 | $0.49 | $0.00 | $0.47 |
Dividend yield | 0.00% | 0.00% | 0.83% | 1.33% | 0.39% | 3.26% | 1.41% | 0.00% | 2.46% |
Monthly Dividends
The table displays the monthly dividend distributions for ARK Innovation ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.63 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.17 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.47 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the ARK Innovation ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the ARK Innovation ETF is 80.91%, recorded on Dec 28, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.91% | Feb 16, 2021 | 472 | Dec 28, 2022 | — | — | — |
| -42.54% | Feb 20, 2020 | 20 | Mar 18, 2020 | 44 | May 20, 2020 | 64 |
| -32.03% | Jun 24, 2015 | 161 | Feb 11, 2016 | 148 | Sep 22, 2016 | 309 |
| -28.89% | Sep 4, 2018 | 78 | Dec 24, 2018 | 68 | Apr 3, 2019 | 146 |
| -18.63% | Jul 25, 2019 | 53 | Oct 8, 2019 | 35 | Nov 26, 2019 | 88 |
Volatility Chart
The current ARK Innovation ETF volatility is 6.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ARKG | Oct 31, 2014 | 0.75% | -4.5% | 4.3% | 0.0% | -75.9% | -0.4 | -0.4 | 1.0 | -0.6 | 15.0% |
| ARKQ | Sep 30, 2014 | 0.75% | 27.1% | 12.3% | 0.0% | -59.9% | 0.5 | 0.7 | 1.1 | 0.8 | 7.7% |
| ARKW | Sep 30, 2014 | 0.76% | 40.1% | 14.3% | 0.0% | -80.0% | 0.4 | 0.7 | 1.1 | 0.7 | 11.7% |
| QQQ | Mar 10, 1999 | 0.20% | 36.3% | 17.4% | 0.6% | -83.0% | 1.5 | 2.0 | 1.2 | 3.0 | 3.9% |
| SPY | Jan 22, 1993 | 0.09% | 13.0% | 11.8% | 1.5% | -55.2% | 1.2 | 1.6 | 1.2 | 2.6 | 3.0% |