ARKW vs. MACGX
Compare and contrast key facts about ARK Next Generation Internet ETF (ARKW) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX).
ARKW is an actively managed fund by ARK. It was launched on Sep 30, 2014. MACGX is managed by Morgan Stanley. It was launched on Mar 30, 1990.
Performance
ARKW vs. MACGX - Performance Comparison
Loading graphics...
ARKW vs. MACGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | -17.90% | 38.93% | 42.27% | 96.89% | -67.49% | -18.85% | 157.44% | 35.76% | 4.24% | 87.29% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -11.39% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Returns By Period
In the year-to-date period, ARKW achieves a -17.90% return, which is significantly lower than MACGX's -11.39% return. Over the past 10 years, ARKW has outperformed MACGX with an annualized return of 21.40%, while MACGX has yielded a comparatively lower 12.76% annualized return.
ARKW
- 1D
- 0.56%
- 1M
- -4.66%
- YTD
- -17.90%
- 6M
- -29.29%
- 1Y
- 27.20%
- 3Y*
- 31.95%
- 5Y*
- -3.84%
- 10Y*
- 21.40%
MACGX
- 1D
- 4.70%
- 1M
- -4.98%
- YTD
- -11.39%
- 6M
- -20.28%
- 1Y
- 6.83%
- 3Y*
- 21.48%
- 5Y*
- -7.74%
- 10Y*
- 12.76%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ARKW vs. MACGX - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is lower than MACGX's 1.00% expense ratio.
Return for Risk
ARKW vs. MACGX — Risk / Return Rank
ARKW
MACGX
ARKW vs. MACGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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 | MACGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.27 | +0.45 |
Sortino ratioReturn per unit of downside risk | 1.24 | 0.62 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.29 | +0.54 |
Martin ratioReturn relative to average drawdown | 2.01 | 0.73 | +1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| ARKW | MACGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.27 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.16 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.33 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.31 | +0.22 |
Correlation
The correlation between ARKW and MACGX is 0.87, 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.
Dividends
ARKW vs. MACGX - Dividend Comparison
ARKW's dividend yield for the trailing twelve months is around 1.94%, while MACGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKW ARK Next Generation Internet ETF | 1.94% | 1.59% | 0.00% | 0.00% | 0.00% | 0.17% | 1.29% | 0.00% | 13.05% | 2.05% | 0.00% | 2.29% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Drawdowns
ARKW vs. MACGX - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.52%, roughly equal to the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for ARKW and MACGX.
Loading graphics...
Drawdown Indicators
| ARKW | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.52% | -77.61% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -36.21% | -27.55% | -8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -77.36% | -77.61% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -80.52% | -77.61% | -2.91% |
Current DrawdownCurrent decline from peak | -34.20% | -50.74% | +16.54% |
Average DrawdownAverage peak-to-trough decline | -23.98% | -25.53% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.98% | 10.93% | +4.05% |
Volatility
ARKW vs. MACGX - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 11.70% compared to Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) at 9.52%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| ARKW | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.70% | 9.52% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 25.81% | 22.32% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.79% | 32.22% | +5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 48.42% | -4.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.55% | 39.21% | -1.66% |