ARKF vs. NGD

Last updated Jun 13, 2026

ARKF (ARK Fintech Innovation ETF) is Blockchain fund actively managed by ARK, while NGD (New Gold Inc.) is a stock. At a 0.18 correlation, their price movements are largely independent.

Performance

ARKF vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Fintech Innovation ETF (ARKF) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARKF

• 1D: 0.00%
• 1M: -5.76%
• YTD: -18.31%
• 6M: -21.31%
• 1Y: -11.87%
• 3Y*: 23.97%
• 5Y*: -5.06%
• 10Y*: —

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKF vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	-18.31%	28.67%	34.34%	93.27%	-65.07%	-17.82%	108.03%	20.45%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	-22.81%

Correlation

The correlation between ARKF and NGD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Feb 4, 2019	0.18

Return for Risk

ARKF vs. NGD — 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: 6
ARKF Sortino Ratio Rank: 7
ARKF Omega Ratio Rank: 7
ARKF Calmar Ratio Rank: 7
ARKF Martin Ratio Rank: 7

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) and New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	—	—
Sortino ratio: Return per unit of downside risk	-0.28	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.31	—	—
Martin ratio: Return relative to average drawdown	-0.57	—	—

Drawdowns

Drawdown Indicators

	ARKF	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-78.63%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-38.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-38.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-75.30%	—	—
Current Drawdown Current decline from peak	-38.77%	—	—
Average Drawdown Average peak-to-trough decline	-34.95%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	—	—

Volatility

Volatility by Period

	ARKF	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.87%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.77%	—	—

Dividends

ARKF vs. NGD - Dividend Comparison

ARKF's dividend yield for the trailing twelve months is around 0.11%, while NGD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	0.11%	0.09%	0.00%	0.00%	0.00%	0.00%	0.37%	1.25%
NGD New Gold Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARKF and NGD in my portfolio?

ARKF and NGD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.