ARKG vs. SPY
Compare and contrast key facts about ARK Genomic Revolution Multi-Sector ETF (ARKG) and SPDR S&P 500 ETF (SPY).
ARKG and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKG is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKG or SPY.
Key characteristics
| ARKG | SPY | |
|---|---|---|
| YTD Return | -26.52% | 6.27% |
| 1Y Return | -21.59% | 23.40% |
| 3Y Return (Ann) | -35.16% | 8.07% |
| 5Y Return (Ann) | -4.76% | 13.52% |
| Sharpe Ratio | -0.51 | 2.05 |
| Daily Std Dev | 40.15% | 11.65% |
| Max Drawdown | -80.10% | -55.19% |
| Current Drawdown | -78.43% | -3.75% |
Correlation
The correlation between ARKG and SPY is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ARKG vs. SPY - Performance Comparison
In the year-to-date period, ARKG achieves a -26.52% return, which is significantly lower than SPY's 6.27% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARKG vs. SPY - Expense Ratio Comparison
Risk-Adjusted Performance
ARKG vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Genomic Revolution Multi-Sector ETF (ARKG) and SPDR S&P 500 ETF (SPY). 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
ARKG vs. SPY - Dividend Comparison
ARKG has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKG ARK Genomic Revolution Multi-Sector ETF | 0.00% | 0.00% | 0.00% | 0.62% | 0.85% | 3.14% | 1.94% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ARKG vs. SPY - Drawdown Comparison
The maximum ARKG drawdown since its inception was -80.10%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARKG and SPY. For additional features, visit the drawdowns tool.
Volatility
ARKG vs. SPY - Volatility Comparison
ARK Genomic Revolution Multi-Sector ETF (ARKG) has a higher volatility of 10.30% compared to SPDR S&P 500 ETF (SPY) at 3.33%. This indicates that ARKG's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.