ACHR vs. ARKX
Compare and contrast key facts about Archer Aviation Inc. (ACHR) and ARK Space Exploration & Innovation ETF (ARKX).
ARKX is an actively managed fund by ARK Investment Management. It was launched on Mar 30, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ACHR or ARKX.
Key characteristics
| ACHR | ARKX | |
|---|---|---|
| YTD Return | -34.85% | -4.48% |
| 1Y Return | 105.13% | 10.93% |
| 3Y Return (Ann) | -26.20% | -10.60% |
| Sharpe Ratio | 1.08 | 0.49 |
| Daily Std Dev | 90.08% | 19.95% |
| Max Drawdown | -90.49% | -43.61% |
| Current Drawdown | -76.66% | -30.71% |
Correlation
The correlation between ACHR and ARKX is 0.57, 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
ACHR vs. ARKX - Performance Comparison
In the year-to-date period, ACHR achieves a -34.85% return, which is significantly lower than ARKX's -4.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ACHR vs. ARKX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Archer Aviation Inc. (ACHR) and ARK Space Exploration & Innovation ETF (ARKX). 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.
Dividends
ACHR vs. ARKX - Dividend Comparison
Neither ACHR nor ARKX has paid dividends to shareholders.
Drawdowns
ACHR vs. ARKX - Drawdown Comparison
The maximum ACHR drawdown since its inception was -90.49%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for ACHR and ARKX. For additional features, visit the drawdowns tool.
Volatility
ACHR vs. ARKX - Volatility Comparison
Archer Aviation Inc. (ACHR) has a higher volatility of 12.79% compared to ARK Space Exploration & Innovation ETF (ARKX) at 5.74%. This indicates that ACHR's price experiences larger fluctuations and is considered to be riskier than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.