ARKK vs. TLT
ARKK (ARK Innovation ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - ARKK is a Technology Equities fund actively managed by ARK, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. ARKK is actively managed, while TLT is passively managed. Over the past 10 years, ARKK returned 15.39%/yr vs -1.85%/yr for TLT. At a correlation of -0.03, they often move in opposite directions. ARKK charges 0.75%/yr vs 0.15%/yr for TLT.
Performance
ARKK vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, ARKK achieves a -1.35% return, which is significantly lower than TLT's -1.08% return. Over the past 10 years, ARKK has outperformed TLT with an annualized return of 15.39%, while TLT has yielded a comparatively lower -1.85% annualized return.
ARKK
- 1D
- 1.87%
- 1M
- -4.10%
- YTD
- -1.35%
- 6M
- -7.42%
- 1Y
- 24.13%
- 3Y*
- 21.64%
- 5Y*
- -7.38%
- 10Y*
- 15.39%
TLT
- 1D
- -0.52%
- 1M
- -1.31%
- YTD
- -1.08%
- 6M
- -1.51%
- 1Y
- 3.67%
- 3Y*
- -2.05%
- 5Y*
- -6.70%
- 10Y*
- -1.85%
ARKK vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKK ARK Innovation ETF | -1.35% | 35.49% | 8.40% | 69.04% | -66.97% | -23.60% | 152.71% | 35.08% | 3.52% | 87.33% |
TLT iShares 20+ Year Treasury Bond ETF | -1.08% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between ARKK and TLT is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2014 | -0.03 |
The correlation between ARKK and TLT shifts across timeframes, from -0.03 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ARKK vs. TLT — Risk / Return Rank
ARKK
TLT
ARKK vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.07 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 0.49 | +0.29 |
| Martin ratioReturn relative to average drawdown | 1.71 | 1.19 | +0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARKK | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.38 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.42 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | -0.12 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.25 | +0.09 |
Drawdowns
ARKK vs. TLT - Drawdown Comparison
The maximum ARKK drawdown since its inception was -80.97%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ARKK and TLT.
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Drawdown Indicators
| ARKK | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.97% | -48.35% | -32.62% |
Max Drawdown (1Y)Largest decline over 1 year | -31.35% | -7.58% | -23.77% |
Max Drawdown (3Y)Largest decline over 3 years | -39.56% | -19.18% | -20.38% |
Max Drawdown (5Y)Largest decline over 5 years | -77.23% | -43.70% | -33.53% |
Max Drawdown (10Y)Largest decline over 10 years | -80.97% | -48.35% | -32.62% |
Current DrawdownCurrent decline from peak | -50.87% | -40.92% | -9.95% |
Average DrawdownAverage peak-to-trough decline | -30.14% | -13.83% | -16.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.18% | 3.08% | +11.10% |
Volatility
ARKK vs. TLT - Volatility Comparison
ARK Innovation ETF (ARKK) has a higher volatility of 11.34% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.65%. This indicates that ARKK's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKK | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 2.65% | +8.69% |
Volatility (6M)Calculated over the trailing 6-month period | 25.96% | 6.51% | +19.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.15% | 9.60% | +26.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.38% | 15.85% | +30.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.34% | 14.91% | +25.43% |
ARKK vs. TLT - Expense Ratio Comparison
ARKK has a 0.75% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
ARKK vs. TLT - Dividend Comparison
ARKK has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.63%.
| 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.63% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
ARKK and TLT have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKK has higher volatility (11.34%) compared to TLT (2.65%). In terms of maximum drawdown, ARKK dropped -80.97% vs TLT's -48.35%.
On 10-year performance, ARKK leads with 15.39% vs -1.85% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ARKK has performed better with a 15.39% return vs -1.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.75% for ARKK.
TLT has the higher dividend yield at 4.63%, compared with 0.00% for ARKK.
ARKK is categorized as Technology Equities, while TLT is Government Bonds. They also come from different issuers: ARK and iShares. Their fees differ too: 0.75% for ARKK and 0.15% for TLT.
ARKK currently has the higher Sharpe Ratio (0.67 vs 0.38), 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.
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