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ARKK vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ARKKSPY
YTD Return-17.28%15.29%
1Y Return3.66%26.49%
3Y Return (Ann)-29.55%10.42%
5Y Return (Ann)0.20%14.94%
Sharpe Ratio0.072.40
Daily Std Dev36.05%11.21%
Max Drawdown-80.91%-55.19%
Current Drawdown-71.87%-0.41%

Correlation

-0.50.00.51.00.7

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.

Performance

ARKK vs. SPY - Performance Comparison

In the year-to-date period, ARKK achieves a -17.28% return, which is significantly lower than SPY's 15.29% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


120.00%140.00%160.00%180.00%200.00%220.00%2024FebruaryMarchAprilMayJune
135.54%
221.09%
ARKK
SPY

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ARK Innovation ETF

SPDR S&P 500 ETF

ARKK vs. SPY - Expense Ratio Comparison

ARKK has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.


ARKK
ARK Innovation ETF
Expense ratio chart for ARKK: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

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.


ARKK
Sharpe ratio
The chart of Sharpe ratio for ARKK, currently valued at 0.07, compared to the broader market0.002.004.006.000.07
Sortino ratio
The chart of Sortino ratio for ARKK, currently valued at 0.36, compared to the broader market0.005.0010.000.36
Omega ratio
The chart of Omega ratio for ARKK, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.003.501.04
Calmar ratio
The chart of Calmar ratio for ARKK, currently valued at 0.03, compared to the broader market0.005.0010.0015.0020.000.03
Martin ratio
The chart of Martin ratio for ARKK, currently valued at 0.16, compared to the broader market0.0020.0040.0060.0080.00100.000.16
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.40, compared to the broader market0.002.004.006.002.40
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.38, compared to the broader market0.005.0010.003.38
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.43, compared to the broader market0.501.001.502.002.503.003.501.43
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.31, compared to the broader market0.005.0010.0015.0020.002.31
Martin ratio
The chart of Martin ratio for SPY, currently valued at 9.33, compared to the broader market0.0020.0040.0060.0080.00100.009.33

ARKK vs. SPY - Sharpe Ratio Comparison

The current ARKK Sharpe Ratio is 0.07, which is lower than the SPY Sharpe Ratio of 2.40. The chart below compares the 12-month rolling Sharpe Ratio of ARKK and SPY.


Rolling 12-month Sharpe Ratio0.001.002.003.002024FebruaryMarchAprilMayJune
0.07
2.40
ARKK
SPY

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 1.26%.


TTM20232022202120202019201820172016201520142013
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
1.26%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.


-80.00%-60.00%-40.00%-20.00%0.00%2024FebruaryMarchAprilMayJune
-71.87%
-0.41%
ARKK
SPY

Volatility

ARKK vs. SPY - Volatility Comparison

ARK Innovation ETF (ARKK) has a higher volatility of 6.56% compared to SPDR S&P 500 ETF (SPY) at 2.41%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%2024FebruaryMarchAprilMayJune
6.56%
2.41%
ARKK
SPY