ARKQ vs. ARKK
Compare and contrast key facts about ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Innovation ETF (ARKK).
ARKQ and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKQ is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014. 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: ARKQ or ARKK.
Key characteristics
| ARKQ | ARKK | |
|---|---|---|
| YTD Return | 6.83% | -10.94% |
| 1Y Return | 23.82% | 15.33% |
| 3Y Return (Ann) | -11.43% | -27.62% |
| 5Y Return (Ann) | 12.65% | 1.28% |
| 10Y Return (Ann) | 12.83% | 9.94% |
| Sharpe Ratio | 1.27 | 0.90 |
| Sortino Ratio | 1.80 | 1.41 |
| Omega Ratio | 1.22 | 1.17 |
| Calmar Ratio | 0.62 | 0.43 |
| Martin Ratio | 4.34 | 2.24 |
| Ulcer Index | 7.25% | 14.32% |
| Daily Std Dev | 24.78% | 35.82% |
| Max Drawdown | -59.89% | -80.91% |
| Current Drawdown | -37.37% | -69.72% |
Correlation
The correlation between ARKQ and ARKK is 0.86, 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. ARKK - Performance Comparison
In the year-to-date period, ARKQ achieves a 6.83% return, which is significantly higher than ARKK's -10.94% return. Over the past 10 years, ARKQ has outperformed ARKK with an annualized return of 12.83%, while ARKK has yielded a comparatively lower 9.94% annualized 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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ARKQ vs. ARKK - Expense Ratio Comparison
Both ARKQ and ARKK have an expense ratio of 0.75%.
Risk-Adjusted Performance
ARKQ vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Innovation ETF (ARKK). 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
ARKQ vs. ARKK - Dividend Comparison
Neither ARKQ nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
ARKQ vs. ARKK - Drawdown Comparison
The maximum ARKQ drawdown since its inception was -59.89%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ARKQ and ARKK. For additional features, visit the drawdowns tool.
Volatility
ARKQ vs. ARKK - Volatility Comparison
The current volatility for ARK Autonomous Technology & Robotics ETF (ARKQ) is 5.64%, while ARK Innovation ETF (ARKK) has a volatility of 8.89%. This indicates that ARKQ experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.