^NDX vs. ARKK
Compare and contrast key facts about NASDAQ 100 (^NDX) and ARK Innovation ETF (ARKK).
ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^NDX or ARKK.
Correlation
The correlation between ^NDX and ARKK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^NDX vs. ARKK - Performance Comparison
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Key characteristics
^NDX:
0.59
ARKK:
0.61
^NDX:
1.01
ARKK:
1.00
^NDX:
1.14
ARKK:
1.12
^NDX:
0.67
ARKK:
0.30
^NDX:
2.19
ARKK:
1.66
^NDX:
7.03%
ARKK:
13.66%
^NDX:
25.60%
ARKK:
44.53%
^NDX:
-82.90%
ARKK:
-80.91%
^NDX:
-5.90%
ARKK:
-64.63%
Returns By Period
In the year-to-date period, ^NDX achieves a -0.69% return, which is significantly higher than ARKK's -4.03% return. Over the past 10 years, ^NDX has outperformed ARKK with an annualized return of 16.65%, while ARKK has yielded a comparatively lower 11.14% annualized return.
^NDX
-0.69%
11.65%
-1.13%
14.91%
18.40%
16.65%
ARKK
-4.03%
18.72%
-5.83%
26.93%
-0.02%
11.14%
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Risk-Adjusted Performance
^NDX vs. ARKK — Risk-Adjusted Performance Rank
^NDX
ARKK
^NDX vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) and ARK Innovation ETF (ARKK). 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.
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Drawdowns
^NDX vs. ARKK - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ^NDX and ARKK. For additional features, visit the drawdowns tool.
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Volatility
^NDX vs. ARKK - Volatility Comparison
The current volatility for NASDAQ 100 (^NDX) is 7.55%, while ARK Innovation ETF (ARKK) has a volatility of 11.81%. This indicates that ^NDX experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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