ARKK vs. SWPPX
Compare and contrast key facts about ARK Innovation ETF (ARKK) and Schwab S&P 500 Index Fund (SWPPX).
ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKK or SWPPX.
Key characteristics
| ARKK | SWPPX | |
|---|---|---|
| YTD Return | -15.26% | 6.55% |
| 1Y Return | 15.37% | 24.22% |
| 3Y Return (Ann) | -28.78% | 8.22% |
| 5Y Return (Ann) | -0.45% | 13.68% |
| Sharpe Ratio | 0.39 | 2.03 |
| Daily Std Dev | 36.75% | 11.84% |
| Max Drawdown | -80.91% | -55.06% |
| Current Drawdown | -71.18% | -3.61% |
Correlation
The correlation between ARKK and SWPPX 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. SWPPX - Performance Comparison
In the year-to-date period, ARKK achieves a -15.26% return, which is significantly lower than SWPPX's 6.55% 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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ARKK vs. SWPPX - Expense Ratio Comparison
Risk-Adjusted Performance
ARKK vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
ARKK has not paid dividends to shareholders, while SWPPX's dividend yield for the trailing twelve months is around 1.34%.
| 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% |
SWPPX Schwab S&P 500 Index Fund | 1.34% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.66% | 1.78% | 2.55% | 3.17% | 1.80% | 1.67% |
Drawdowns
ARKK vs. SWPPX - Drawdown Comparison
The maximum ARKK drawdown since its inception was -80.91%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for ARKK and SWPPX. For additional features, visit the drawdowns tool.
Volatility
ARKK vs. SWPPX - Volatility Comparison
ARK Innovation ETF (ARKK) has a higher volatility of 9.07% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.44%. This indicates that ARKK's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.