ARKK vs. SPY
Compare and contrast key facts about ARK Innovation ETF (ARKK) and SPDR S&P 500 ETF (SPY).
ARKK and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKK 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: ARKK or SPY.
Performance
ARKK vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, ARKK achieves a 5.56% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, ARKK has underperformed SPY with an annualized return of 11.71%, while SPY has yielded a comparatively higher 13.07% annualized return.
ARKK
5.56%
16.67%
22.87%
26.01%
3.44%
11.71%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| ARKK | SPY | |
|---|---|---|
| Sharpe Ratio | 0.65 | 2.62 |
| Sortino Ratio | 1.12 | 3.50 |
| Omega Ratio | 1.13 | 1.49 |
| Calmar Ratio | 0.31 | 3.78 |
| Martin Ratio | 1.61 | 17.00 |
| Ulcer Index | 14.38% | 1.87% |
| Daily Std Dev | 35.60% | 12.14% |
| Max Drawdown | -80.91% | -55.19% |
| Current Drawdown | -64.11% | -1.38% |
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ARKK vs. SPY - Expense Ratio Comparison
ARKK has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between ARKK and SPY is 0.66, 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.
Risk-Adjusted Performance
ARKK vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) 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
ARKK vs. SPY - Dividend Comparison
ARKK has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
ARKK vs. SPY - Drawdown Comparison
The maximum ARKK drawdown since its inception was -80.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ARKK and SPY. For additional features, visit the drawdowns tool.
Volatility
ARKK vs. SPY - Volatility Comparison
ARK Innovation ETF (ARKK) has a higher volatility of 14.40% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that ARKK'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.