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ARKQ vs. AIEQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


ARKQAIEQ
YTD Return6.83%7.12%
1Y Return23.82%26.70%
3Y Return (Ann)-11.43%-4.00%
5Y Return (Ann)12.65%8.21%
Sharpe Ratio1.271.76
Sortino Ratio1.802.43
Omega Ratio1.221.32
Calmar Ratio0.621.01
Martin Ratio4.348.39
Ulcer Index7.25%3.86%
Daily Std Dev24.78%18.45%
Max Drawdown-59.89%-38.97%
Current Drawdown-37.37%-12.24%

Correlation

-0.50.00.51.00.8

The correlation between ARKQ and AIEQ is 0.83, 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.

Performance

ARKQ vs. AIEQ - Performance Comparison

The year-to-date returns for both investments are quite close, with ARKQ having a 6.83% return and AIEQ slightly higher at 7.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


50.00%60.00%70.00%80.00%90.00%100.00%110.00%JuneJulyAugustSeptemberOctoberNovember
99.09%
72.86%
ARKQ
AIEQ

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ARKQ vs. AIEQ - Expense Ratio Comparison

ARKQ has a 0.75% expense ratio, which is lower than AIEQ's 0.80% expense ratio.


AIEQ
AI Powered Equity ETF
Expense ratio chart for AIEQ: current value at 0.80% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.80%
Expense ratio chart for ARKQ: 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%

Risk-Adjusted Performance

ARKQ vs. AIEQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Autonomous Technology & Robotics ETF (ARKQ) and AI Powered Equity ETF (AIEQ). 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.


ARKQ
Sharpe ratio
The chart of Sharpe ratio for ARKQ, currently valued at 1.27, compared to the broader market-2.000.002.004.006.001.27
Sortino ratio
The chart of Sortino ratio for ARKQ, currently valued at 1.80, compared to the broader market0.005.0010.001.80
Omega ratio
The chart of Omega ratio for ARKQ, currently valued at 1.22, compared to the broader market1.001.502.002.503.003.501.22
Calmar ratio
The chart of Calmar ratio for ARKQ, currently valued at 0.62, compared to the broader market0.005.0010.0015.0020.000.62
Martin ratio
The chart of Martin ratio for ARKQ, currently valued at 4.34, compared to the broader market0.0020.0040.0060.0080.00100.00120.004.34
AIEQ
Sharpe ratio
The chart of Sharpe ratio for AIEQ, currently valued at 1.76, compared to the broader market-2.000.002.004.006.001.76
Sortino ratio
The chart of Sortino ratio for AIEQ, currently valued at 2.43, compared to the broader market0.005.0010.002.43
Omega ratio
The chart of Omega ratio for AIEQ, currently valued at 1.32, compared to the broader market1.001.502.002.503.003.501.32
Calmar ratio
The chart of Calmar ratio for AIEQ, currently valued at 1.01, compared to the broader market0.005.0010.0015.0020.001.01
Martin ratio
The chart of Martin ratio for AIEQ, currently valued at 8.39, compared to the broader market0.0020.0040.0060.0080.00100.00120.008.39

ARKQ vs. AIEQ - Sharpe Ratio Comparison

The current ARKQ Sharpe Ratio is 1.27, which is comparable to the AIEQ Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ARKQ and AIEQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.27
1.76
ARKQ
AIEQ

Dividends

ARKQ vs. AIEQ - Dividend Comparison

ARKQ has not paid dividends to shareholders, while AIEQ's dividend yield for the trailing twelve months is around 0.67%.


TTM202320222021202020192018201720162015
ARKQ
ARK Autonomous Technology & Robotics ETF
0.00%0.00%0.00%0.80%0.86%0.00%2.86%1.54%0.00%0.98%
AIEQ
AI Powered Equity ETF
0.67%0.98%0.11%1.76%0.39%0.60%9.11%0.14%0.00%0.00%

Drawdowns

ARKQ vs. AIEQ - Drawdown Comparison

The maximum ARKQ drawdown since its inception was -59.89%, which is greater than AIEQ's maximum drawdown of -38.97%. Use the drawdown chart below to compare losses from any high point for ARKQ and AIEQ. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%JuneJulyAugustSeptemberOctoberNovember
-37.37%
-12.24%
ARKQ
AIEQ

Volatility

ARKQ vs. AIEQ - Volatility Comparison

ARK Autonomous Technology & Robotics ETF (ARKQ) has a higher volatility of 5.64% compared to AI Powered Equity ETF (AIEQ) at 4.12%. This indicates that ARKQ's price experiences larger fluctuations and is considered to be riskier than AIEQ 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%JuneJulyAugustSeptemberOctoberNovember
5.64%
4.12%
ARKQ
AIEQ