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 21.34%/yr vs 10.93%/yr for IVOG. Their 0.68 correlation means they have sometimes moved together and sometimes differently. 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 -4.64% return, which is significantly lower than IVOG's 17.52% return. Over the past 10 years, ARKW has outperformed IVOG with an annualized return of 21.34%, while IVOG has yielded a comparatively lower 10.93% annualized return.
ARKW
- 1D
- 2.95%
- 1M
- -2.97%
- 6M
- 4.60%
- YTD
- -4.64%
- 1Y
- -4.74%
- 3Y*
- 32.39%
- 5Y*
- -0.92%
- 10Y*
- 21.34%
- ALL TIME*
- 19.87%
IVOG
- 1D
- 1.42%
- 1M
- -1.51%
- 6M
- 11.66%
- YTD
- 17.52%
- 1Y
- 24.56%
- 3Y*
- 14.95%
- 5Y*
- 7.84%
- 10Y*
- 10.93%
- ALL TIME*
- 12.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.17M | $12.26M | $13.73M | |
| $2.45M | $2.86M | $3.13M |
ARKW vs. IVOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -4.64% | 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 | 17.52% | 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 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.68 |
The correlation between ARKW and IVOG has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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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 | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.55 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.25 | 9.19 | -9.43 |
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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 | -23.57% | -3.44% | -20.13% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -5.84% | -18.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 2.68% | +16.70% |
Volatility
ARKW vs. IVOG - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 9.38% compared to Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) at 4.48%. 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 | 9.38% | 4.48% | +4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 25.80% | 14.00% | +11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.40% | 17.89% | +15.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.79% | 20.71% | +23.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.84% | 20.62% | +17.22% |
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 1.67%, 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 | 1.67% | 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 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKW has higher volatility (9.38%) compared to IVOG (4.48%). In terms of maximum drawdown, ARKW dropped -80.52% vs IVOG's -39.32%.
On 10-year performance, ARKW leads with 21.34% vs 10.93% for IVOG. On fees, IVOG is cheaper at 0.10% per year. On volatility, IVOG has been the lower-risk option at 4.48%. 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 21.34% return vs 10.93%. 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 1.67%, 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 (1.38 vs -0.14), 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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