ARKVX vs. TOWTX

Last updated Apr 2, 2026

Compare and contrast key facts about ARK Venture Fund (ARKVX) and Towpath Technology Fund (TOWTX).

ARKVX is an actively managed fund by ARK. It was launched on Sep 23, 2022. TOWTX is managed by Oelschlager Investments. It was launched on Feb 2, 2021.

Performance

ARKVX vs. TOWTX - Performance Comparison

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

ARKVX vs. TOWTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARKVX ARK Venture Fund	6.04%	55.68%	6.69%	61.25%	-6.24%
TOWTX Towpath Technology Fund	-7.44%	9.55%	12.82%	29.78%	1.07%

Returns By Period

In the year-to-date period, ARKVX achieves a 6.04% return, which is significantly higher than TOWTX's -7.44% return.

ARKVX

• 1D: 0.00%
• 1M: -2.06%
• YTD: 6.04%
• 6M: 16.63%
• 1Y: 66.44%
• 3Y*: 35.36%
• 5Y*: —
• 10Y*: —

TOWTX

• 1D: 2.35%
• 1M: -2.45%
• YTD: -7.44%
• 6M: -4.99%
• 1Y: 5.48%
• 3Y*: 11.17%
• 5Y*: 6.35%
• 10Y*: —

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

ARKVX vs. TOWTX - Expense Ratio Comparison

ARKVX has a 2.90% expense ratio, which is higher than TOWTX's 1.10% expense ratio.

ARKVX

ARK Venture Fund

TOWTX

Towpath Technology Fund

Return for Risk

ARKVX vs. TOWTX — Risk / Return Rank

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

ARKVX

ARKVX Risk / Return Rank: 99
ARKVX Sharpe Ratio Rank: 99
ARKVX Sortino Ratio Rank: 100
ARKVX Omega Ratio Rank: 99
ARKVX Calmar Ratio Rank: 99
ARKVX Martin Ratio Rank: 99

TOWTX

TOWTX Risk / Return Rank: 11
TOWTX Sharpe Ratio Rank: 9
TOWTX Sortino Ratio Rank: 10
TOWTX Omega Ratio Rank: 9
TOWTX Calmar Ratio Rank: 13
TOWTX Martin Ratio Rank: 12

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. TOWTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Venture Fund (ARKVX) and Towpath Technology Fund (TOWTX). 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	TOWTX	Difference
Sharpe ratio Return per unit of total volatility	3.80	0.35	+3.45
Sortino ratio Return per unit of downside risk	9.85	0.63	+9.22
Omega ratio Gain probability vs. loss probability	2.26	1.08	+1.17
Calmar ratio Return relative to maximum drawdown	7.62	0.57	+7.05
Martin ratio Return relative to average drawdown	26.67	1.80	+24.87
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. TOWTX - Sharpe Ratio Comparison

The current ARKVX Sharpe Ratio is 3.80, which is higher than the TOWTX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of ARKVX and TOWTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARKVX	TOWTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	0.35	+3.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.82	0.00	+1.81

Correlation

The correlation between ARKVX and TOWTX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ARKVX vs. TOWTX - Dividend Comparison

ARKVX has not paid dividends to shareholders, while TOWTX's dividend yield for the trailing twelve months is around 1.84%.

	TTM	2025	2024	2023	2022	2021
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%
TOWTX Towpath Technology Fund	1.84%	1.70%	3.55%	0.42%	0.57%	0.66%

Drawdowns

ARKVX vs. TOWTX - Drawdown Comparison

The maximum ARKVX drawdown since its inception was -19.10%, smaller than the maximum TOWTX drawdown of -98.79%. Use the drawdown chart below to compare losses from any high point for ARKVX and TOWTX.

Drawdown Indicators

	ARKVX	TOWTX	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-98.79%	+79.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-11.62%	+3.48%
Max Drawdown (5Y) Largest decline over 5 years	—	-98.79%	—
Current Drawdown Current decline from peak	-2.06%	-98.57%	+96.51%
Average Drawdown Average peak-to-trough decline	-4.37%	-26.24%	+21.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	3.65%	-1.32%

Volatility

ARKVX vs. TOWTX - Volatility Comparison

The current volatility for ARK Venture Fund (ARKVX) is 2.04%, while Towpath Technology Fund (TOWTX) has a volatility of 4.83%. This indicates that ARKVX experiences smaller price fluctuations and is considered to be less risky than TOWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKVX	TOWTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	4.83%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	11.33%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	18.40%	18.38%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.96%	3,101.36%	-3,082.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	3,034.51%	-3,015.55%