ARKF vs. SHLD

Last updated Jun 13, 2026

ARKF (ARK Fintech Innovation ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - ARKF is a Blockchain fund actively managed by ARK, while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. ARKF is actively managed, while SHLD is passively managed. Over the past year, ARKF returned -11.87% vs 10.40% for SHLD. At a 0.46 correlation, their price movements are largely independent. ARKF charges 0.75%/yr vs 0.50%/yr for SHLD.

Performance

ARKF vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Fintech Innovation ETF (ARKF) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKF achieves a -18.31% return, which is significantly lower than SHLD's -1.50% return.

ARKF

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

SHLD

• 1D: -2.04%
• 1M: 0.05%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 10.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ARKF vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ARKF ARK Fintech Innovation ETF	-18.31%	28.67%	34.34%	30.28%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between ARKF and SHLD is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.46

The correlation between ARKF and SHLD has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.

ARKF vs. SHLD - Sectors Allocation Comparison

Sectors	ARKF	SHLD
Technology	42.7%	11.8%
Financial Services	28.5%	-
Consumer Cyclical	16.4%	-
Communication Services	12.2%	-
Healthcare	0.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	88.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

ARKF vs. SHLD — 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

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Fintech Innovation ETF (ARKF) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.43	-0.78
Sortino ratio: Return per unit of downside risk	-0.28	0.78	-1.06
Omega ratio: Gain probability vs. loss probability	0.97	1.09	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.31	0.52	-0.83
Martin ratio: Return relative to average drawdown	-0.57	1.28	-1.85

ARKF vs. SHLD - Sharpe Ratio Comparison

The current ARKF Sharpe Ratio is -0.35, which is lower than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of ARKF and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKF vs. SHLD - Drawdown Comparison

The maximum ARKF drawdown since its inception was -78.63%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for ARKF and SHLD.

Drawdown Indicators

	ARKF	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-78.63%	-20.10%	-58.53%
Max Drawdown (1Y) Largest decline over 1 year	-38.50%	-20.10%	-18.40%
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%	-18.20%	-20.57%
Average Drawdown Average peak-to-trough decline	-34.95%	-3.34%	-31.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.00%	8.12%	+12.88%

Volatility

ARKF vs. SHLD - Volatility Comparison

ARK Fintech Innovation ETF (ARKF) has a higher volatility of 10.36% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that ARKF's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKF	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.36%	9.05%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	25.14%	19.94%	+5.20%
Volatility (1Y) Calculated over the trailing 1-year period	33.69%	24.55%	+9.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.87%	21.29%	+21.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.77%	21.29%	+18.48%

ARKF vs. SHLD - Expense Ratio Comparison

ARKF has a 0.75% expense ratio, which is higher than SHLD's 0.50% expense ratio.

Dividends

ARKF vs. SHLD - Dividend Comparison

ARKF's dividend yield for the trailing twelve months is around 0.11%, less than SHLD's 0.56% yield.

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%
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARKF and SHLD in my portfolio?

ARKF and SHLD have a correlation of 0.50, 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 SHLD?

ARKF has higher volatility (10.36%) compared to SHLD (9.05%). In terms of maximum drawdown, ARKF dropped -78.63% vs SHLD's -20.10%.

Which ETF is better, ARKF or SHLD?

On 1-year performance, SHLD leads with 10.40% vs -11.87% for ARKF. On fees, SHLD is cheaper at 0.50% per year. On volatility, SHLD has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKF or SHLD?

Over the 1-year period, SHLD has performed better with a 10.40% return vs -11.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKF or SHLD?

SHLD is cheaper with a 0.50% expense ratio, compared with 0.75% for ARKF.

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

SHLD has the higher dividend yield at 0.56%, compared with 0.11% for ARKF.

What is the main difference between ARKF and SHLD?

ARKF is categorized as Blockchain, while SHLD is Aerospace & Defense. They also come from different issuers: ARK and Global X. Their fees differ too: 0.75% for ARKF and 0.50% for SHLD.

Which has better risk-adjusted returns?

SHLD 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.