ARKVX vs. FXAIX

Last updated Jun 4, 2026

ARKVX (ARK Venture Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - ARKVX is a Technology Equities fund actively managed by ARK, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. ARKVX is actively managed, while FXAIX is passively managed. Over the past 3 years, ARKVX returned 36.76%/yr vs 22.75%/yr for FXAIX. A 0.61 correlation means they provide meaningful diversification when combined. ARKVX charges 2.90%/yr vs 0.02%/yr for FXAIX.

Performance

ARKVX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Venture Fund (ARKVX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ARKVX having a 11.89% return and FXAIX slightly lower at 11.71%.

ARKVX

• 1D: -0.44%
• 1M: 2.38%
• YTD: 11.89%
• 6M: 26.97%
• 1Y: 69.96%
• 3Y*: 36.76%
• 5Y*: —
• 10Y*: —

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKVX vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARKVX ARK Venture Fund	11.89%	55.68%	6.69%	61.25%	-6.24%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	1.16%

Correlation

The correlation between ARKVX and FXAIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Nov 8, 2022	0.61

The correlation between ARKVX and FXAIX shifts across timeframes, from 0.47 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARKVX vs. FXAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKVX

ARKVX Risk / Return Rank: 98
ARKVX Sharpe Ratio Rank: 98
ARKVX Sortino Ratio Rank: 99
ARKVX Omega Ratio Rank: 98
ARKVX Calmar Ratio Rank: 98
ARKVX Martin Ratio Rank: 98

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKVX vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Venture Fund (ARKVX) and Fidelity 500 Index Fund (FXAIX). 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.

	ARKVX	FXAIX	Difference
Sharpe ratio Return per unit of total volatility	4.00	2.52	+1.48
Sortino ratio Return per unit of downside risk	11.07	3.42	+7.65
Omega ratio Gain probability vs. loss probability	2.37	1.46	+0.92
Calmar ratio Return relative to maximum drawdown	9.09	3.36	+5.73
Martin ratio Return relative to average drawdown	34.78	15.70	+19.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKVX vs. FXAIX - Sharpe Ratio Comparison

The current ARKVX Sharpe Ratio is 4.00, which is higher than the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of ARKVX and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARKVX	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.00	2.52	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.85	0.82	+1.03

Drawdowns

ARKVX vs. FXAIX - Drawdown Comparison

The maximum ARKVX drawdown since its inception was -19.10%, smaller than the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for ARKVX and FXAIX.

Drawdown Indicators

	ARKVX	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-33.79%	+14.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-8.89%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-18.76%	-0.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-0.71%	0.00%	-0.71%
Average Drawdown Average peak-to-trough decline	-4.20%	-3.79%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	1.90%	+0.19%

Volatility

ARKVX vs. FXAIX - Volatility Comparison

ARK Venture Fund (ARKVX) has a higher volatility of 4.38% compared to Fidelity 500 Index Fund (FXAIX) at 2.83%. This indicates that ARKVX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKVX	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	2.83%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	8.97%	+4.22%
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	11.86%	+6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.67%	16.91%	+1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.67%	18.07%	+0.60%

ARKVX vs. FXAIX - Expense Ratio Comparison

ARKVX has a 2.90% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

Dividends

ARKVX vs. FXAIX - Dividend Comparison

ARKVX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both ARKVX and FXAIX in my portfolio?

ARKVX and FXAIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKVX or FXAIX?

ARKVX has higher volatility (4.38%) compared to FXAIX (2.83%). In terms of maximum drawdown, ARKVX dropped -19.10% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

ARKVX currently has the higher Sharpe Ratio (4.00 vs 2.52), 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.