ADNPX vs. ARKK
Compare and contrast key facts about American Beacon ARK Transformational Innovation Fund (ADNPX) and ARK Innovation ETF (ARKK).
ADNPX is managed by American Beacon. It was launched on Jan 27, 2017. 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: ADNPX or ARKK.
Key characteristics
| ADNPX | ARKK | |
|---|---|---|
| YTD Return | -16.87% | -16.65% |
| 1Y Return | 11.24% | 12.94% |
| 3Y Return (Ann) | -29.06% | -29.14% |
| 5Y Return (Ann) | -1.06% | -0.79% |
| Sharpe Ratio | 0.33 | 0.37 |
| Daily Std Dev | 35.83% | 36.72% |
| Max Drawdown | -79.98% | -80.91% |
| Current Drawdown | -70.66% | -71.66% |
Correlation
The correlation between ADNPX and ARKK is 0.99, 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.
Performance
ADNPX vs. ARKK - Performance Comparison
The year-to-date returns for both investments are quite close, with ADNPX having a -16.87% return and ARKK slightly higher at -16.65%. 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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ADNPX vs. ARKK - Expense Ratio Comparison
Risk-Adjusted Performance
ADNPX vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Beacon ARK Transformational Innovation Fund (ADNPX) 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.
Dividends
ADNPX vs. ARKK - Dividend Comparison
Neither ADNPX nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ADNPX American Beacon ARK Transformational Innovation Fund | 0.00% | 0.00% | 9.67% | 31.49% | 0.39% | 3.31% | 6.56% | 3.64% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
ADNPX vs. ARKK - Drawdown Comparison
The maximum ADNPX drawdown since its inception was -79.98%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ADNPX and ARKK. For additional features, visit the drawdowns tool.
Volatility
ADNPX vs. ARKK - Volatility Comparison
American Beacon ARK Transformational Innovation Fund (ADNPX) and ARK Innovation ETF (ARKK) have volatilities of 8.92% and 9.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.