ARKK vs. ARKW

Last updated Jun 24, 2026

ARKK (ARK Innovation ETF) and ARKW (ARK Next Generation Internet ETF) are both exchange-traded funds - ARKK is a Technology Equities fund actively managed by ARK, while ARKW is a Mid Cap Growth Equities fund actively managed by ARK. Both are actively managed. Over the past 10 years, ARKK returned 15.90%/yr vs 22.53%/yr for ARKW. Their correlation of 0.92 suggests significant overlap in exposure. ARKK charges 0.75%/yr vs 0.76%/yr for ARKW.

Performance

ARKK vs. ARKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKK achieves a -0.31% return, which is significantly higher than ARKW's -4.76% return. Over the past 10 years, ARKK has underperformed ARKW with an annualized return of 15.90%, while ARKW has yielded a comparatively higher 22.53% annualized return.

ARKK

• 1D: -2.23%
• 1M: 0.37%
• YTD: -0.31%
• 6M: -4.76%
• 1Y: 11.37%
• 3Y*: 22.42%
• 5Y*: -9.10%
• 10Y*: 15.90%

ARKW

• 1D: -1.79%
• 1M: -3.15%
• YTD: -4.76%
• 6M: -7.39%
• 1Y: -0.64%
• 3Y*: 36.73%
• 5Y*: -1.21%
• 10Y*: 22.53%

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

ARKK vs. ARKW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARKK ARK Innovation ETF	-0.31%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	35.08%	3.52%	87.33%
ARKW ARK Next Generation Internet ETF	-4.76%	38.93%	42.27%	96.89%	-67.49%	-18.85%	157.44%	35.76%	4.24%	87.29%

Correlation

The correlation between ARKK and ARKW is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.92

The correlation between ARKK and ARKW has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

ARKK vs. ARKW - Sectors Allocation Comparison

Sectors	ARKK	ARKW
Healthcare	28.1%	-
Technology	25.9%	44.0%
Financial Services	16.2%	14.1%
Consumer Cyclical	14.1%	14.4%
Communication Services	10.0%	14.6%
Industrials	5.7%	4.9%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ARKK vs. ARKW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKK

ARKK Risk / Return Rank: 13
ARKK Sharpe Ratio Rank: 13
ARKK Sortino Ratio Rank: 14
ARKK Omega Ratio Rank: 13
ARKK Calmar Ratio Rank: 13
ARKK Martin Ratio Rank: 12

ARKW

ARKW Risk / Return Rank: 9
ARKW Sharpe Ratio Rank: 8
ARKW Sortino Ratio Rank: 9
ARKW Omega Ratio Rank: 9
ARKW Calmar Ratio Rank: 8
ARKW Martin Ratio Rank: 8

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.

ARKK vs. ARKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW). 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.

	ARKK	ARKW	Difference
Sharpe ratio: Return per unit of total volatility	0.32	-0.02	+0.34
Sortino ratio: Return per unit of downside risk	0.69	0.20	+0.49
Omega ratio: Gain probability vs. loss probability	1.08	1.02	+0.05
Calmar ratio: Return relative to maximum drawdown	0.36	-0.02	+0.38
Martin ratio: Return relative to average drawdown	0.78	-0.04	+0.82

ARKK vs. ARKW - Sharpe Ratio Comparison

The current ARKK Sharpe Ratio is 0.32, which is higher than the ARKW Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of ARKK and ARKW, 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

ARKK vs. ARKW - Drawdown Comparison

The maximum ARKK drawdown since its inception was -80.97%, roughly equal to the maximum ARKW drawdown of -80.52%. Use the drawdown chart below to compare losses from any high point for ARKK and ARKW.

Drawdown Indicators

	ARKK	ARKW	Difference
Max Drawdown Largest peak-to-trough decline	-80.97%	-80.52%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	-31.35%	-36.21%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-39.56%	-36.21%	-3.35%
Max Drawdown (5Y) Largest decline over 5 years	-77.23%	-77.36%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	-80.97%	-80.52%	-0.45%
Current Drawdown Current decline from peak	-50.35%	-23.67%	-26.68%
Average Drawdown Average peak-to-trough decline	-30.20%	-23.97%	-6.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.57%	18.14%	-3.57%

Volatility

ARKK vs. ARKW - Volatility Comparison

ARK Innovation ETF (ARKK) has a higher volatility of 12.53% compared to ARK Next Generation Internet ETF (ARKW) at 11.08%. This indicates that ARKK's price experiences larger fluctuations and is considered to be riskier than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKK	ARKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.53%	11.08%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	26.71%	24.74%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	36.20%	32.81%	+3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.46%	43.66%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.40%	37.78%	+2.62%

ARKK vs. ARKW - Expense Ratio Comparison

ARKK has a 0.75% expense ratio, which is lower than ARKW's 0.76% expense ratio.

Dividends

ARKK vs. ARKW - Dividend Comparison

ARKK has not paid dividends to shareholders, while ARKW's dividend yield for the trailing twelve months is around 1.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
ARKW ARK Next Generation Internet ETF	1.67%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%

Frequently Asked Questions

Can I hold both ARKK and ARKW in my portfolio?

With a correlation of 0.93, ARKK and ARKW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ARKK or ARKW?

ARKK has higher volatility (12.53%) compared to ARKW (11.08%). In terms of maximum drawdown, ARKK dropped -80.97% vs ARKW's -80.52%.

Which ETF is better, ARKK or ARKW?

On 10-year performance, ARKW leads with 22.53% vs 15.90% for ARKK. On fees, ARKK is cheaper at 0.75% per year. On volatility, ARKW has been the lower-risk option at 11.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKK or ARKW?

Over the 10-year period, ARKW has performed better with a 22.53% return vs 15.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKK or ARKW?

ARKK is cheaper with a 0.75% expense ratio, compared with 0.76% for ARKW.

Which ETF pays a higher dividend yield, ARKK or ARKW?

ARKW has the higher dividend yield at 1.67%, compared with 0.00% for ARKK.

What is the main difference between ARKK and ARKW?

ARKK is categorized as Technology Equities, while ARKW is Mid Cap Growth Equities. Their fees differ too: 0.75% for ARKK and 0.76% for ARKW.

Which has better risk-adjusted returns?

ARKK currently has the higher Sharpe Ratio (0.32 vs -0.02), 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.