ARKW vs. ARKK
Compare and contrast key facts about ARK Next Generation Internet ETF (ARKW) and ARK Innovation ETF (ARKK).
ARKW and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKW is an actively managed fund by ARK Investment Management. It was launched on Sep 30, 2014. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKW or ARKK.
Performance
ARKW vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, ARKW achieves a 40.22% return, which is significantly higher than ARKK's 4.58% return. Over the past 10 years, ARKW has outperformed ARKK with an annualized return of 20.41%, while ARKK has yielded a comparatively lower 11.53% annualized return.
ARKW
40.22%
21.77%
40.09%
67.63%
15.14%
20.41%
ARKK
4.58%
16.16%
25.59%
23.58%
3.25%
11.53%
Key characteristics
| ARKW | ARKK | |
|---|---|---|
| Sharpe Ratio | 2.21 | 0.70 |
| Sortino Ratio | 2.81 | 1.18 |
| Omega Ratio | 1.35 | 1.14 |
| Calmar Ratio | 1.07 | 0.33 |
| Martin Ratio | 10.60 | 1.73 |
| Ulcer Index | 6.59% | 14.39% |
| Daily Std Dev | 31.64% | 35.54% |
| Max Drawdown | -80.01% | -80.91% |
| Current Drawdown | -41.65% | -64.44% |
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ARKW vs. ARKK - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Correlation
The correlation between ARKW and ARKK is 0.92, 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.
Risk-Adjusted Performance
ARKW vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and ARK Innovation ETF (ARKK). 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
ARKW vs. ARKK - Dividend Comparison
Neither ARKW nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 0.00% | 0.00% | 0.00% | 2.79% | 1.29% | 0.00% | 13.06% | 2.05% | 0.00% | 2.29% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
ARKW vs. ARKK - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.01%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ARKW and ARKK. For additional features, visit the drawdowns tool.
Volatility
ARKW vs. ARKK - Volatility Comparison
The current volatility for ARK Next Generation Internet ETF (ARKW) is 11.36%, while ARK Innovation ETF (ARKK) has a volatility of 13.98%. This indicates that ARKW experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.