ARKK vs. TQQQ
Compare and contrast key facts about ARK Innovation ETF (ARKK) and ProShares UltraPro QQQ (TQQQ).
ARKK and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKK or TQQQ.
Performance
ARKK vs. TQQQ - Performance Comparison
Returns By Period
In the year-to-date period, ARKK achieves a 6.78% return, which is significantly lower than TQQQ's 54.08% return. Over the past 10 years, ARKK has underperformed TQQQ with an annualized return of 11.84%, while TQQQ has yielded a comparatively higher 34.59% annualized return.
ARKK
6.78%
16.43%
23.72%
24.60%
3.80%
11.84%
TQQQ
54.08%
3.55%
20.54%
75.53%
34.11%
34.59%
Key characteristics
| ARKK | TQQQ | |
|---|---|---|
| Sharpe Ratio | 0.78 | 1.57 |
| Sortino Ratio | 1.28 | 2.03 |
| Omega Ratio | 1.15 | 1.27 |
| Calmar Ratio | 0.38 | 1.60 |
| Martin Ratio | 1.94 | 6.56 |
| Ulcer Index | 14.38% | 12.46% |
| Daily Std Dev | 35.67% | 51.94% |
| Max Drawdown | -80.91% | -81.66% |
| Current Drawdown | -63.69% | -9.84% |
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ARKK vs. TQQQ - Expense Ratio Comparison
ARKK has a 0.75% expense ratio, which is lower than TQQQ's 0.95% expense ratio.
Correlation
The correlation between ARKK and TQQQ is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ARKK vs. TQQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and ProShares UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
ARKK has not paid dividends to shareholders, while TQQQ's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TQQQ ProShares UltraPro QQQ | 1.23% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
ARKK vs. TQQQ - Drawdown Comparison
The maximum ARKK drawdown since its inception was -80.91%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for ARKK and TQQQ. For additional features, visit the drawdowns tool.
Volatility
ARKK vs. TQQQ - Volatility Comparison
The current volatility for ARK Innovation ETF (ARKK) is 14.32%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 17.03%. This indicates that ARKK experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.