ARKF vs. RCAT
ARKF (ARK Fintech Innovation ETF) is Blockchain fund actively managed by ARK, while RCAT (Red Cat Holdings, Inc.) is a stock. Over the past 5 years, ARKF returned -5.06%/yr vs 26.88%/yr for RCAT. At a 0.23 correlation, their price movements are largely independent.
Performance
ARKF vs. RCAT - Performance Comparison
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Returns By Period
In the year-to-date period, ARKF achieves a -18.31% return, which is significantly lower than RCAT's 40.98% return.
ARKF
- 1D
- 0.00%
- 1M
- -5.76%
- YTD
- -18.31%
- 6M
- -21.31%
- 1Y
- -11.87%
- 3Y*
- 23.97%
- 5Y*
- -5.06%
- 10Y*
- —
RCAT
- 1D
- -6.91%
- 1M
- 18.94%
- YTD
- 40.98%
- 6M
- 39.05%
- 1Y
- 27.77%
- 3Y*
- 131.59%
- 5Y*
- 26.88%
- 10Y*
- —
ARKF vs. RCAT - 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% |
RCAT Red Cat Holdings, Inc. | 40.98% | -38.29% | 1,360.23% | -6.38% | -54.81% | -30.67% | 172.73% | 64,605.88% |
Correlation
The correlation between ARKF and RCAT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2019 | 0.23 |
Over the past year, ARKF and RCAT have become more correlated (0.46) than their long-term average of 0.23, meaning their price movements have been converging.
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Return for Risk
ARKF vs. RCAT — Risk / Return Rank
ARKF
RCAT
ARKF vs. RCAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) and Red Cat Holdings, Inc. (RCAT). 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 | RCAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.14 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 0.46 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.57 | 0.92 | -1.49 |
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Drawdowns
ARKF vs. RCAT - Drawdown Comparison
The maximum ARKF drawdown since its inception was -78.63%, smaller than the maximum RCAT drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for ARKF and RCAT.
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Drawdown Indicators
| ARKF | RCAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.63% | -99.21% | +20.58% |
Max Drawdown (1Y)Largest decline over 1 year | -38.50% | -60.08% | +21.58% |
Max Drawdown (3Y)Largest decline over 3 years | -38.50% | -67.16% | +28.66% |
Max Drawdown (5Y)Largest decline over 5 years | -75.30% | -92.25% | +16.95% |
Current DrawdownCurrent decline from peak | -38.77% | -35.60% | -3.17% |
Average DrawdownAverage peak-to-trough decline | -34.95% | -65.98% | +31.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 30.17% | -9.17% |
Volatility
ARKF vs. RCAT - Volatility Comparison
The current volatility for ARK Fintech Innovation ETF (ARKF) is 10.36%, while Red Cat Holdings, Inc. (RCAT) has a volatility of 40.71%. This indicates that ARKF experiences smaller price fluctuations and is considered to be less risky than RCAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKF | RCAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 40.71% | -30.35% |
Volatility (6M)Calculated over the trailing 6-month period | 25.14% | 85.22% | -60.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.69% | 120.36% | -86.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.87% | 115.04% | -72.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.77% | 29,209.75% | -29,169.98% |
Dividends
ARKF vs. RCAT - Dividend Comparison
ARKF's dividend yield for the trailing twelve months is around 0.11%, while RCAT 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% |
RCAT Red Cat Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARKF and RCAT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RCAT has higher volatility (40.71%) compared to ARKF (10.36%). In terms of maximum drawdown, ARKF dropped -78.63% vs RCAT's -99.21%.
RCAT currently has the higher Sharpe Ratio (0.23 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.
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