ARKD vs. SPY
Compare and contrast key facts about ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and SPDR S&P 500 ETF (SPY).
ARKD and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKD is an actively managed fund by ARK. It was launched on Nov 14, 2023. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKD or SPY.
Correlation
The correlation between ARKD and SPY is 0.48, 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
ARKD vs. SPY - Performance Comparison
Key characteristics
ARKD:
1.69
SPY:
2.03
ARKD:
2.34
SPY:
2.71
ARKD:
1.28
SPY:
1.38
ARKD:
2.93
SPY:
3.02
ARKD:
6.91
SPY:
13.49
ARKD:
11.91%
SPY:
1.88%
ARKD:
48.77%
SPY:
12.48%
ARKD:
-28.08%
SPY:
-55.19%
ARKD:
-8.63%
SPY:
-3.54%
Returns By Period
In the year-to-date period, ARKD achieves a 73.83% return, which is significantly higher than SPY's 24.51% return.
ARKD
73.83%
1.68%
34.48%
77.31%
N/A
N/A
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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ARKD vs. SPY - Expense Ratio Comparison
ARKD has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ARKD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and SPDR S&P 500 ETF (SPY). 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
ARKD vs. SPY - Dividend Comparison
ARKD's dividend yield for the trailing twelve months is around 6.30%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF | 6.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ARKD vs. SPY - Drawdown Comparison
The maximum ARKD drawdown since its inception was -28.08%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARKD and SPY. For additional features, visit the drawdowns tool.
Volatility
ARKD vs. SPY - Volatility Comparison
ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) has a higher volatility of 14.56% compared to SPDR S&P 500 ETF (SPY) at 3.64%. This indicates that ARKD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.