ARKF vs. LEGR

Last updated Jun 4, 2026

ARKF (ARK Fintech Innovation ETF) and LEGR (First Trust Indxx Innovative Transaction & Process ETF) are both Blockchain funds. ARKF is actively managed, while LEGR is passively managed. Over the past 5 years, ARKF returned -4.19%/yr vs 11.82%/yr for LEGR. A 0.68 correlation means they provide meaningful diversification when combined. ARKF charges 0.75%/yr vs 0.65%/yr for LEGR.

Performance

ARKF vs. LEGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Fintech Innovation ETF (ARKF) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKF achieves a -16.17% return, which is significantly lower than LEGR's 12.39% return.

ARKF

• 1D: -3.76%
• 1M: -7.12%
• YTD: -16.17%
• 6M: -20.39%
• 1Y: -4.73%
• 3Y*: 26.10%
• 5Y*: -4.19%
• 10Y*: —

LEGR

• 1D: -1.50%
• 1M: 7.23%
• YTD: 12.39%
• 6M: 15.64%
• 1Y: 30.64%
• 3Y*: 23.83%
• 5Y*: 11.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKF vs. LEGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	-16.17%	28.67%	34.34%	93.27%	-65.07%	-17.82%	108.03%	19.04%
LEGR First Trust Indxx Innovative Transaction & Process ETF	12.39%	30.83%	16.25%	22.79%	-19.01%	17.91%	18.73%	17.33%

Correlation

The correlation between ARKF and LEGR is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019	0.68

The correlation between ARKF and LEGR has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

ARKF vs. LEGR - Sectors Allocation Comparison

Sectors	ARKF	LEGR
Technology	42.7%	27.3%
Financial Services	28.5%	42.5%
Consumer Cyclical	16.4%	8.5%
Communication Services	12.2%	8.9%
Healthcare	0.2%	1.3%
Basic Materials	-	1.6%
Consumer Defensive	-	1.4%
Energy	-	0.8%
Industrials	-	5.6%
Real Estate	-	-
Utilities	-	2.1%

Return for Risk

ARKF vs. LEGR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKF

ARKF Risk / Return Rank: 7
ARKF Sharpe Ratio Rank: 7
ARKF Sortino Ratio Rank: 7
ARKF Omega Ratio Rank: 7
ARKF Calmar Ratio Rank: 7
ARKF Martin Ratio Rank: 8

LEGR

LEGR Risk / Return Rank: 64
LEGR Sharpe Ratio Rank: 68
LEGR Sortino Ratio Rank: 67
LEGR Omega Ratio Rank: 65
LEGR Calmar Ratio Rank: 59
LEGR Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKF vs. LEGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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.

	ARKF	LEGR	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	2.26	-2.40
Sortino ratio: Return per unit of downside risk	0.03	3.10	-3.07
Omega ratio: Gain probability vs. loss probability	1.00	1.40	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.12	2.96	-3.08
Martin ratio: Return relative to average drawdown	-0.23	11.21	-11.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKF vs. LEGR - Sharpe Ratio Comparison

The current ARKF Sharpe Ratio is -0.14, which is lower than the LEGR Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of ARKF and LEGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARKF	LEGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	2.26	-2.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.70	-0.80
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.60	-0.35

Drawdowns

ARKF vs. LEGR - Drawdown Comparison

The maximum ARKF drawdown since its inception was -78.63%, which is greater than LEGR's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for ARKF and LEGR.

Drawdown Indicators

	ARKF	LEGR	Difference
Max Drawdown Largest peak-to-trough decline	-78.63%	-36.12%	-42.51%
Max Drawdown (1Y) Largest decline over 1 year	-38.50%	-10.40%	-28.10%
Max Drawdown (3Y) Largest decline over 3 years	-38.50%	-14.25%	-24.25%
Max Drawdown (5Y) Largest decline over 5 years	-75.30%	-31.45%	-43.85%
Current Drawdown Current decline from peak	-37.16%	-1.50%	-35.66%
Average Drawdown Average peak-to-trough decline	-34.96%	-6.61%	-28.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.22%	2.74%	+17.48%

Volatility

ARKF vs. LEGR - Volatility Comparison

ARK Fintech Innovation ETF (ARKF) has a higher volatility of 8.36% compared to First Trust Indxx Innovative Transaction & Process ETF (LEGR) at 4.93%. This indicates that ARKF's price experiences larger fluctuations and is considered to be riskier than LEGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKF	LEGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	4.93%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	24.47%	11.22%	+13.25%
Volatility (1Y) Calculated over the trailing 1-year period	33.66%	13.62%	+20.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.79%	16.96%	+25.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.77%	20.31%	+19.46%

ARKF vs. LEGR - Expense Ratio Comparison

ARKF has a 0.75% expense ratio, which is higher than LEGR's 0.65% expense ratio.

Dividends

ARKF vs. LEGR - Dividend Comparison

ARKF's dividend yield for the trailing twelve months is around 0.11%, less than LEGR's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ARKF ARK Fintech Innovation ETF	0.11%	0.09%	0.00%	0.00%	0.00%	0.00%	0.37%	1.25%	0.00%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.67%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%

Frequently Asked Questions

Can I hold both ARKF and LEGR in my portfolio?

ARKF and LEGR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKF or LEGR?

ARKF has higher volatility (8.36%) compared to LEGR (4.93%). In terms of maximum drawdown, ARKF dropped -78.63% vs LEGR's -36.12%.

Which ETF is better, ARKF or LEGR?

On 5-year performance, LEGR leads with 11.82% vs -4.19% for ARKF. On fees, LEGR is cheaper at 0.65% per year. On volatility, LEGR has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKF or LEGR?

Over the 5-year period, LEGR has performed better with a 11.82% return vs -4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKF or LEGR?

LEGR is cheaper with a 0.65% expense ratio, compared with 0.75% for ARKF.

Which ETF pays a higher dividend yield, ARKF or LEGR?

LEGR has the higher dividend yield at 1.67%, compared with 0.11% for ARKF.

What is the main difference between ARKF and LEGR?

They also come from different issuers: ARK and First Trust. Their fees differ too: 0.75% for ARKF and 0.65% for LEGR.

Which has better risk-adjusted returns?

LEGR currently has the higher Sharpe Ratio (2.26 vs -0.14), 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.