ARKK vs. ^NDX
Compare and contrast key facts about ARK Innovation ETF (ARKK) and NASDAQ 100 (^NDX).
ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKK or ^NDX.
Performance
ARKK vs. ^NDX - Performance Comparison
Returns By Period
In the year-to-date period, ARKK achieves a 5.56% return, which is significantly lower than ^NDX's 22.83% return. Over the past 10 years, ARKK has underperformed ^NDX with an annualized return of 11.71%, while ^NDX has yielded a comparatively higher 17.17% annualized return.
ARKK
5.56%
16.67%
22.87%
26.01%
3.44%
11.71%
^NDX
22.83%
1.50%
10.49%
29.71%
20.17%
17.17%
Key characteristics
| ARKK | ^NDX | |
|---|---|---|
| Sharpe Ratio | 0.65 | 1.64 |
| Sortino Ratio | 1.12 | 2.22 |
| Omega Ratio | 1.13 | 1.30 |
| Calmar Ratio | 0.31 | 2.13 |
| Martin Ratio | 1.61 | 7.68 |
| Ulcer Index | 14.38% | 3.77% |
| Daily Std Dev | 35.60% | 17.60% |
| Max Drawdown | -80.91% | -82.90% |
| Current Drawdown | -64.11% | -2.13% |
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Correlation
The correlation between ARKK and ^NDX 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. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Innovation ETF (ARKK) and NASDAQ 100 (^NDX). 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.
Drawdowns
ARKK vs. ^NDX - Drawdown Comparison
The maximum ARKK drawdown since its inception was -80.91%, roughly equal to the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for ARKK and ^NDX. For additional features, visit the drawdowns tool.
Volatility
ARKK vs. ^NDX - Volatility Comparison
ARK Innovation ETF (ARKK) has a higher volatility of 14.40% compared to NASDAQ 100 (^NDX) at 5.67%. This indicates that ARKK's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.