ARKQ vs. QQQ
Compare and contrast key facts about ARK Autonomous Technology & Robotics ETF (ARKQ) and Invesco QQQ (QQQ).
ARKQ and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKQ or QQQ.
Key characteristics
| ARKQ | QQQ | |
|---|---|---|
| YTD Return | 6.83% | 19.54% |
| 1Y Return | 23.82% | 33.47% |
| 3Y Return (Ann) | -11.43% | 7.72% |
| 5Y Return (Ann) | 12.65% | 20.33% |
| 10Y Return (Ann) | 12.83% | 17.97% |
| Sharpe Ratio | 1.27 | 2.17 |
| Sortino Ratio | 1.80 | 2.84 |
| Omega Ratio | 1.22 | 1.39 |
| Calmar Ratio | 0.62 | 2.77 |
| Martin Ratio | 4.34 | 10.10 |
| Ulcer Index | 7.25% | 3.71% |
| Daily Std Dev | 24.78% | 17.30% |
| Max Drawdown | -59.89% | -82.98% |
| Current Drawdown | -37.37% | -2.95% |
Correlation
The correlation between ARKQ and QQQ is 0.77, 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. QQQ - Performance Comparison
In the year-to-date period, ARKQ achieves a 6.83% return, which is significantly lower than QQQ's 19.54% return. Over the past 10 years, ARKQ has underperformed QQQ with an annualized return of 12.83%, while QQQ has yielded a comparatively higher 17.97% 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. QQQ - Expense Ratio Comparison
ARKQ has a 0.75% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ARKQ vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Autonomous Technology & Robotics ETF (ARKQ) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
ARKQ has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ARKQ vs. QQQ - Drawdown Comparison
The maximum ARKQ drawdown since its inception was -59.89%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARKQ and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARKQ vs. QQQ - Volatility Comparison
ARK Autonomous Technology & Robotics ETF (ARKQ) has a higher volatility of 5.64% compared to Invesco QQQ (QQQ) at 4.62%. This indicates that ARKQ's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.