ARKVX vs. AAICX
ARKVX (ARK Venture Fund) and AAICX (Alger AI Enablers & Adopters C) are both mutual funds - ARKVX is a Technology Equities fund actively managed by ARK, while AAICX is a Artificial Intelligence fund managed by Alger. Over the past year, ARKVX returned 63.56% vs 33.34% for AAICX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. ARKVX charges 3.50%/yr vs 1.66%/yr for AAICX.
Performance
ARKVX vs. AAICX - Performance Comparison
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Returns By Period
In the year-to-date period, ARKVX achieves a 19.13% return, which is significantly higher than AAICX's 16.42% return.
ARKVX
- 1D
- 0.79%
- 1M
- -5.42%
- 6M
- 16.90%
- YTD
- 19.13%
- 1Y
- 63.56%
- 3Y*
- 30.10%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 34.19%
AAICX
- 1D
- 5.06%
- 1M
- -3.85%
- 6M
- 17.81%
- YTD
- 16.42%
- 1Y
- 33.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
ARKVX ARK Venture Fund | $0.00 | $0.00 | $0.00 |
ARKVX vs. AAICX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ARKVX ARK Venture Fund | 19.13% | 55.68% | 12.97% |
AAICX Alger AI Enablers & Adopters C | 16.42% | 39.54% | 32.77% |
Correlation
The correlation between ARKVX and AAICX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2024 | 0.57 |
The correlation between ARKVX and AAICX has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
ARKVX vs. AAICX — Risk / Return Rank
ARKVX
AAICX
ARKVX vs. AAICX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Venture Fund (ARKVX) and Alger AI Enablers & Adopters C (AAICX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARKVX | AAICX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +6.61 | ||
| Omega ratioGain probability vs. loss probability | 2.06 | 1.21 | +0.85 |
| Calmar ratioReturn relative to maximum drawdown | 9.02 | 1.79 | +7.23 |
| Martin ratioReturn relative to average drawdown | 28.09 | 5.00 | +23.09 |
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Drawdowns
ARKVX vs. AAICX - Drawdown Comparison
The maximum ARKVX drawdown since its inception was -19.10%, smaller than the maximum AAICX drawdown of -29.07%. Use the drawdown chart below to compare losses from any high point for ARKVX and AAICX.
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Drawdown Indicators
| ARKVX | AAICX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.10% | -29.07% | +9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -17.87% | +9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | — | — |
Current DrawdownCurrent decline from peak | -5.98% | -9.04% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -5.09% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 6.37% | -3.80% |
Volatility
ARKVX vs. AAICX - Volatility Comparison
The current volatility for ARK Venture Fund (ARKVX) is 3.86%, while Alger AI Enablers & Adopters C (AAICX) has a volatility of 9.42%. This indicates that ARKVX experiences smaller price fluctuations and is considered to be less risky than AAICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKVX | AAICX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 9.42% | -5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 20.56% | -9.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 25.70% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 28.03% | -9.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 28.03% | -9.30% |
ARKVX vs. AAICX - Expense Ratio Comparison
ARKVX has a 3.50% expense ratio, which is higher than AAICX's 1.66% expense ratio.
Dividends
ARKVX vs. AAICX - Dividend Comparison
ARKVX has not paid dividends to shareholders, while AAICX's dividend yield for the trailing twelve months is around 5.53%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAICX Alger AI Enablers & Adopters C | 5.53% | 6.44% | 4.48% | 0.00% |
ARKVX ARK Venture Fund | 0.00% | 0.00% | 0.32% | 0.72% |
Frequently Asked Questions
ARKVX and AAICX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAICX has higher volatility (9.42%) compared to ARKVX (3.86%). In terms of maximum drawdown, ARKVX dropped -19.10% vs AAICX's -29.07%.
ARKVX currently has the higher Sharpe Ratio (3.69 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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