ARKW vs. BOUT

Last updated Jun 4, 2026

ARKW (ARK Next Generation Internet ETF) and BOUT (Innovator IBD Breakout Opportunities ETF) are both Mid Cap Growth Equities funds. ARKW is actively managed, while BOUT is passively managed. Over the past 5 years, ARKW returned 1.89%/yr vs 8.25%/yr for BOUT. A 0.63 correlation means they provide meaningful diversification when combined. ARKW charges 0.76%/yr vs 0.80%/yr for BOUT.

Performance

ARKW vs. BOUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Next Generation Internet ETF (ARKW) and Innovator IBD Breakout Opportunities ETF (BOUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKW achieves a -0.79% return, which is significantly lower than BOUT's 31.39% return.

ARKW

• 1D: -2.98%
• 1M: 2.53%
• YTD: -0.79%
• 6M: -3.36%
• 1Y: 19.55%
• 3Y*: 40.12%
• 5Y*: 1.89%
• 10Y*: 22.99%

BOUT

• 1D: -0.01%
• 1M: 5.85%
• YTD: 31.39%
• 6M: 30.30%
• 1Y: 35.27%
• 3Y*: 17.42%
• 5Y*: 8.25%
• 10Y*: —

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

ARKW vs. BOUT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ARKW ARK Next Generation Internet ETF	-0.79%	38.93%	42.27%	96.89%	-67.49%	-18.85%	157.44%	35.76%	-17.64%
BOUT Innovator IBD Breakout Opportunities ETF	31.39%	-6.77%	18.82%	13.27%	-22.60%	22.69%	50.56%	20.59%	-29.80%

Correlation

The correlation between ARKW and BOUT 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	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 14, 2018	0.63

The correlation between ARKW and BOUT has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

ARKW vs. BOUT - Sectors Allocation Comparison

Sectors	ARKW	BOUT
Technology	44.2%	28.4%
Consumer Cyclical	16.3%	8.5%
Communication Services	15.0%	2.0%
Financial Services	14.2%	22.9%
Industrials	1.7%	9.7%
Basic Materials	-	9.9%
Consumer Defensive	-	9.7%
Energy	-	3.1%
Healthcare	-	2.6%
Real Estate	-	3.5%
Utilities	-	7.0%

Return for Risk

ARKW vs. BOUT — Risk / Return Rank

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

ARKW

ARKW Risk / Return Rank: 17
ARKW Sharpe Ratio Rank: 18
ARKW Sortino Ratio Rank: 19
ARKW Omega Ratio Rank: 19
ARKW Calmar Ratio Rank: 15
ARKW Martin Ratio Rank: 14

BOUT

BOUT Risk / Return Rank: 51
BOUT Sharpe Ratio Rank: 49
BOUT Sortino Ratio Rank: 47
BOUT Omega Ratio Rank: 46
BOUT Calmar Ratio Rank: 61
BOUT Martin Ratio Rank: 53

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.

ARKW vs. BOUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and Innovator IBD Breakout Opportunities ETF (BOUT). 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.

	ARKW	BOUT	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.71	-1.11
Sortino ratio: Return per unit of downside risk	1.01	2.33	-1.32
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.17
Calmar ratio: Return relative to maximum drawdown	0.54	3.01	-2.47
Martin ratio: Return relative to average drawdown	1.12	9.00	-7.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKW vs. BOUT - Sharpe Ratio Comparison

The current ARKW Sharpe Ratio is 0.60, which is lower than the BOUT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of ARKW and BOUT, 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

	ARKW	BOUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	1.71	-1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.43	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.41	+0.17

Drawdowns

ARKW vs. BOUT - Drawdown Comparison

The maximum ARKW drawdown since its inception was -80.52%, which is greater than BOUT's maximum drawdown of -36.75%. Use the drawdown chart below to compare losses from any high point for ARKW and BOUT.

Drawdown Indicators

	ARKW	BOUT	Difference
Max Drawdown Largest peak-to-trough decline	-80.52%	-36.75%	-43.77%
Max Drawdown (1Y) Largest decline over 1 year	-36.21%	-11.76%	-24.45%
Max Drawdown (3Y) Largest decline over 3 years	-36.21%	-25.31%	-10.90%
Max Drawdown (5Y) Largest decline over 5 years	-77.36%	-28.28%	-49.08%
Max Drawdown (10Y) Largest decline over 10 years	-80.52%	—	—
Current Drawdown Current decline from peak	-20.48%	-0.01%	-20.47%
Average Drawdown Average peak-to-trough decline	-23.98%	-12.29%	-11.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.52%	3.93%	+13.59%

Volatility

ARKW vs. BOUT - Volatility Comparison

ARK Next Generation Internet ETF (ARKW) has a higher volatility of 7.95% compared to Innovator IBD Breakout Opportunities ETF (BOUT) at 5.96%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than BOUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKW	BOUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	5.96%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	23.54%	16.05%	+7.49%
Volatility (1Y) Calculated over the trailing 1-year period	32.93%	20.79%	+12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.49%	19.48%	+24.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.69%	22.93%	+14.76%

ARKW vs. BOUT - Expense Ratio Comparison

ARKW has a 0.76% expense ratio, which is lower than BOUT's 0.80% expense ratio.

Dividends

ARKW vs. BOUT - Dividend Comparison

ARKW's dividend yield for the trailing twelve months is around 1.60%, more than BOUT's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKW ARK Next Generation Internet ETF	1.60%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%
BOUT Innovator IBD Breakout Opportunities ETF	0.26%	0.34%	0.60%	1.32%	1.35%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARKW and BOUT in my portfolio?

ARKW and BOUT 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, ARKW or BOUT?

ARKW has higher volatility (7.95%) compared to BOUT (5.96%). In terms of maximum drawdown, ARKW dropped -80.52% vs BOUT's -36.75%.

Which ETF is better, ARKW or BOUT?

On 5-year performance, BOUT leads with 8.25% vs 1.89% for ARKW. On fees, ARKW is cheaper at 0.76% per year. On volatility, BOUT has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARKW or BOUT?

Over the 5-year period, BOUT has performed better with a 8.25% return vs 1.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARKW or BOUT?

ARKW is cheaper with a 0.76% expense ratio, compared with 0.80% for BOUT.

Which ETF pays a higher dividend yield, ARKW or BOUT?

ARKW has the higher dividend yield at 1.60%, compared with 0.26% for BOUT.

What is the main difference between ARKW and BOUT?

They also come from different issuers: ARK and Innovator. Their fees differ too: 0.76% for ARKW and 0.80% for BOUT.

Which has better risk-adjusted returns?

BOUT currently has the higher Sharpe Ratio (1.71 vs 0.60), 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.