ARKF vs. APP
ARKF (ARK Fintech Innovation ETF) is Blockchain fund actively managed by ARK, while APP (AppLovin Corporation) is a stock. Over the past 5 years, ARKF returned -5.06%/yr vs 43.23%/yr for APP. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ARKF vs. APP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ARKF achieves a -18.31% return, which is significantly higher than APP's -26.28% return.
ARKF
- 1D
- 0.00%
- 1M
- -5.76%
- YTD
- -18.31%
- 6M
- -21.31%
- 1Y
- -11.87%
- 3Y*
- 23.97%
- 5Y*
- -5.06%
- 10Y*
- —
APP
- 1D
- 3.80%
- 1M
- 9.53%
- YTD
- -26.28%
- 6M
- -25.93%
- 1Y
- 30.53%
- 3Y*
- 180.45%
- 5Y*
- 43.23%
- 10Y*
- —
ARKF vs. APP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ARKF ARK Fintech Innovation ETF | -18.31% | 28.67% | 34.34% | 93.27% | -65.07% | -23.94% |
APP AppLovin Corporation | -26.28% | 108.08% | 712.62% | 278.44% | -88.83% | 34.66% |
Correlation
The correlation between ARKF and APP is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.63 |
The correlation between ARKF and APP has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ARKF vs. APP — Risk / Return Rank
ARKF
APP
ARKF vs. APP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) and AppLovin Corporation (APP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARKF | APP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.13 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.61 | -0.92 |
| Martin ratioReturn relative to average drawdown | -0.57 | 1.22 | -1.79 |
Loading charts...
Drawdowns
ARKF vs. APP - Drawdown Comparison
The maximum ARKF drawdown since its inception was -78.63%, smaller than the maximum APP drawdown of -91.90%. Use the drawdown chart below to compare losses from any high point for ARKF and APP.
Loading charts...
Drawdown Indicators
| ARKF | APP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.63% | -91.90% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -38.50% | -49.99% | +11.49% |
Max Drawdown (3Y)Largest decline over 3 years | -38.50% | -57.00% | +18.50% |
Max Drawdown (5Y)Largest decline over 5 years | -75.30% | -91.90% | +16.60% |
Current DrawdownCurrent decline from peak | -38.77% | -32.28% | -6.49% |
Average DrawdownAverage peak-to-trough decline | -34.95% | -42.52% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 25.10% | -4.10% |
Volatility
ARKF vs. APP - Volatility Comparison
The current volatility for ARK Fintech Innovation ETF (ARKF) is 10.36%, while AppLovin Corporation (APP) has a volatility of 20.54%. This indicates that ARKF experiences smaller price fluctuations and is considered to be less risky than APP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ARKF | APP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 20.54% | -10.18% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 58.87% | -33.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.69% | 71.03% | -37.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.87% | 77.84% | -34.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.77% | 77.53% | -37.76% |
Dividends
ARKF vs. APP - Dividend Comparison
ARKF's dividend yield for the trailing twelve months is around 0.11%, while APP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
APP AppLovin Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKF ARK Fintech Innovation ETF | 0.11% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 1.25% |
Frequently Asked Questions
ARKF and APP have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APP has higher volatility (20.54%) compared to ARKF (10.36%). In terms of maximum drawdown, ARKF dropped -78.63% vs APP's -91.90%.
APP currently has the higher Sharpe Ratio (0.43 vs -0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for ARKF and APP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer