ARKF vs. QQQ
Compare and contrast key facts about ARK Fintech Innovation ETF (ARKF) and Invesco QQQ (QQQ).
ARKF and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKF is an actively managed fund by ARK Investment Management. It was launched on Feb 4, 2019. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKF or QQQ.
Performance
ARKF vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ARKF achieves a 39.05% return, which is significantly higher than QQQ's 23.40% return.
ARKF
39.05%
21.48%
40.68%
72.13%
10.69%
N/A
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| ARKF | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.53 | 1.71 |
| Sortino Ratio | 3.16 | 2.29 |
| Omega Ratio | 1.40 | 1.31 |
| Calmar Ratio | 1.15 | 2.19 |
| Martin Ratio | 10.10 | 7.95 |
| Ulcer Index | 7.36% | 3.73% |
| Daily Std Dev | 29.45% | 17.38% |
| Max Drawdown | -78.63% | -82.98% |
| Current Drawdown | -39.70% | -2.13% |
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ARKF vs. QQQ - Expense Ratio Comparison
ARKF has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between ARKF and QQQ is 0.78, 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.
Risk-Adjusted Performance
ARKF vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) and Invesco QQQ (QQQ). 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
ARKF vs. QQQ - Dividend Comparison
ARKF has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKF ARK Fintech Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ARKF vs. QQQ - Drawdown Comparison
The maximum ARKF drawdown since its inception was -78.63%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARKF and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARKF vs. QQQ - Volatility Comparison
ARK Fintech Innovation ETF (ARKF) has a higher volatility of 10.59% compared to Invesco QQQ (QQQ) at 5.40%. This indicates that ARKF's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.