ARKVX vs. XOVR

Last updated Jun 24, 2026

ARKVX (ARK Venture Fund) and XOVR (ERShares Private-Public Crossover ETF) are both funds - ARKVX is a Technology Equities fund actively managed by ARK Investment Management, while XOVR is a Large Cap Growth Equities fund actively managed by ERShares. Both are actively managed. Over the past 3 years, ARKVX returned 38.75%/yr vs 17.80%/yr for XOVR. A 0.70 correlation means they provide meaningful diversification when combined. ARKVX charges 3.50%/yr vs 0.75%/yr for XOVR.

Performance

ARKVX vs. XOVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Venture Fund (ARKVX) and ERShares Private-Public Crossover ETF (XOVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKVX achieves a 18.39% return, which is significantly higher than XOVR's -2.63% return.

ARKVX

• 1D: -2.17%
• 1M: 9.92%
• YTD: 18.39%
• 6M: 19.12%
• 1Y: 78.01%
• 3Y*: 38.75%
• 5Y*: —
• 10Y*: —

XOVR

• 1D: -1.16%
• 1M: 0.41%
• YTD: -2.63%
• 6M: -4.25%
• 1Y: 7.10%
• 3Y*: 17.80%
• 5Y*: 3.90%
• 10Y*: —

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

ARKVX vs. XOVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARKVX ARK Venture Fund	18.39%	55.68%	6.69%	61.25%	-6.24%
XOVR ERShares Private-Public Crossover ETF	-2.63%	11.83%	33.21%	51.89%	1.15%

Correlation

The correlation between ARKVX and XOVR is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 7, 2022	0.70

The correlation between ARKVX and XOVR shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ARKVX vs. XOVR — 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: 99
ARKVX Omega Ratio Rank: 98
ARKVX Calmar Ratio Rank: 99
ARKVX Martin Ratio Rank: 99

XOVR

XOVR Risk / Return Rank: 12
XOVR Sharpe Ratio Rank: 13
XOVR Sortino Ratio Rank: 13
XOVR Omega Ratio Rank: 13
XOVR Calmar Ratio Rank: 12
XOVR Martin Ratio Rank: 11

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. XOVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Venture Fund (ARKVX) and ERShares Private-Public Crossover ETF (XOVR). 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	XOVR	Difference
Sharpe ratio: Return per unit of total volatility	4.27	0.32	+3.95
Sortino ratio: Return per unit of downside risk	10.58	0.59	+9.99
Omega ratio: Gain probability vs. loss probability	2.38	1.07	+1.30
Calmar ratio: Return relative to maximum drawdown	10.13	0.29	+9.83
Martin ratio: Return relative to average drawdown	38.42	0.64	+37.77

ARKVX vs. XOVR - Sharpe Ratio Comparison

The current ARKVX Sharpe Ratio is 4.27, which is higher than the XOVR Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of ARKVX and XOVR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ARKVX vs. XOVR - Drawdown Comparison

The maximum ARKVX drawdown since its inception was -19.10%, smaller than the maximum XOVR drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for ARKVX and XOVR.

Drawdown Indicators

	ARKVX	XOVR	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-56.28%	+37.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-24.32%	+16.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	-25.23%	+6.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-49.35%	—
Current Drawdown Current decline from peak	-2.62%	-9.67%	+7.05%
Average Drawdown Average peak-to-trough decline	-4.15%	-18.34%	+14.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	11.07%	-8.97%

Volatility

ARKVX vs. XOVR - Volatility Comparison

The current volatility for ARK Venture Fund (ARKVX) is 6.84%, while ERShares Private-Public Crossover ETF (XOVR) has a volatility of 10.70%. This indicates that ARKVX experiences smaller price fluctuations and is considered to be less risky than XOVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKVX	XOVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	10.70%	-3.86%
Volatility (6M) Calculated over the trailing 6-month period	14.21%	17.41%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	19.35%	22.13%	-2.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	26.47%	-7.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	27.00%	-8.23%

ARKVX vs. XOVR - Expense Ratio Comparison

ARKVX has a 3.50% expense ratio, which is higher than XOVR's 0.75% expense ratio.

Dividends

ARKVX vs. XOVR - Dividend Comparison

Neither ARKVX nor XOVR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%

Frequently Asked Questions

Can I hold both ARKVX and XOVR in my portfolio?

ARKVX and XOVR have a correlation of 0.56, 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 XOVR?

XOVR has higher volatility (10.70%) compared to ARKVX (6.84%). In terms of maximum drawdown, ARKVX dropped -19.10% vs XOVR's -56.28%.

Which has better risk-adjusted returns?

ARKVX currently has the higher Sharpe Ratio (4.27 vs 0.32), 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.