ARKW vs. IVOG
ARKW (ARK Next Generation Internet ETF) and IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) are both Mid Cap Growth Equities funds. ARKW is actively managed, while IVOG is passively managed. Over the past 10 years, ARKW returned 22.38%/yr vs 11.14%/yr for IVOG. A 0.68 correlation means they provide meaningful diversification when combined. ARKW charges 0.76%/yr vs 0.10%/yr for IVOG.
Performance
ARKW vs. IVOG - Performance Comparison
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Returns By Period
In the year-to-date period, ARKW achieves a 0.47% return, which is significantly lower than IVOG's 17.75% return. Over the past 10 years, ARKW has outperformed IVOG with an annualized return of 22.38%, while IVOG has yielded a comparatively lower 11.14% annualized return.
ARKW
- 1D
- 1.67%
- 1M
- 5.05%
- 6M
- -2.62%
- YTD
- 0.47%
- 1Y
- -1.17%
- 3Y*
- 32.28%
- 5Y*
- 1.38%
- 10Y*
- 22.38%
IVOG
- 1D
- 0.68%
- 1M
- -0.99%
- 6M
- 11.61%
- YTD
- 17.75%
- 1Y
- 23.66%
- 3Y*
- 15.12%
- 5Y*
- 8.45%
- 10Y*
- 11.14%
ARKW vs. IVOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 0.47% | 38.93% | 42.27% | 96.89% | -67.49% | -18.85% | 157.44% | 35.76% | 4.24% | 87.29% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 17.75% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 22.60% | 26.13% | -10.58% | 19.90% |
Correlation
The correlation between ARKW and IVOG is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.68 |
The correlation between ARKW and IVOG shifts across timeframes, from 0.61 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ARKW vs. IVOG — Risk / Return Rank
ARKW
IVOG
ARKW vs. IVOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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.
| ARKW | IVOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.24 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.45 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.06 | 9.35 | -9.42 |
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Drawdowns
ARKW vs. IVOG - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, which is greater than IVOG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for ARKW and IVOG.
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Drawdown Indicators
| ARKW | IVOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -39.32% | -41.20% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -9.69% | -26.52% |
Max Drawdown (3Y)Largest decline over 3 years | -36.21% | -25.61% | -10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | -29.31% | -48.05% |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | -39.32% | -41.20% |
Current DrawdownCurrent decline from peak | -19.48% | -3.25% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -5.85% | -18.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.70% | 2.54% | +16.16% |
Volatility
ARKW vs. IVOG - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 9.52% compared to Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) at 4.70%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than IVOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKW | IVOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.52% | 4.70% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 25.43% | 13.90% | +11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.23% | 17.88% | +15.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.71% | 20.72% | +22.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.78% | 20.59% | +17.19% |
ARKW vs. IVOG - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is higher than IVOG's 0.10% expense ratio.
Dividends
ARKW vs. IVOG - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.58%, more than IVOG's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.58% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.55% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
Frequently Asked Questions
ARKW and IVOG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKW has higher volatility (9.52%) compared to IVOG (4.70%). In terms of maximum drawdown, ARKW dropped -80.52% vs IVOG's -39.32%.
On 10-year performance, ARKW leads with 22.38% vs 11.14% for IVOG. On fees, IVOG is cheaper at 0.10% per year. On volatility, IVOG has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ARKW has performed better with a 22.38% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.10% expense ratio, compared with 0.76% for ARKW.
ARKW has the higher dividend yield at 1.58%, compared with 0.55% for IVOG.
They also come from different issuers: ARK and Vanguard. Their fees differ too: 0.76% for ARKW and 0.10% for IVOG.
IVOG currently has the higher Sharpe Ratio (1.33 vs -0.04), 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.
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