ARKW vs. QQQ
Compare and contrast key facts about ARK Next Generation Internet ETF (ARKW) and Invesco QQQ (QQQ).
ARKW and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKW or QQQ.
Performance
ARKW vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ARKW achieves a 34.93% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, ARKW has outperformed QQQ with an annualized return of 20.10%, while QQQ has yielded a comparatively lower 17.95% annualized return.
ARKW
34.93%
15.51%
30.98%
64.46%
14.33%
20.10%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| ARKW | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.02 | 1.70 |
| Sortino Ratio | 2.63 | 2.29 |
| Omega Ratio | 1.32 | 1.31 |
| Calmar Ratio | 0.97 | 2.19 |
| Martin Ratio | 9.74 | 7.96 |
| Ulcer Index | 6.59% | 3.72% |
| Daily Std Dev | 31.74% | 17.39% |
| Max Drawdown | -80.01% | -82.98% |
| Current Drawdown | -43.86% | -3.42% |
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ARKW vs. QQQ - Expense Ratio Comparison
ARKW has a 0.76% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between ARKW and QQQ is 0.76, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Next Generation Internet ETF (ARKW) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
ARKW has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ARKW vs. QQQ - Drawdown Comparison
The maximum ARKW drawdown since its inception was -80.01%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ARKW and QQQ. For additional features, visit the drawdowns tool.
Volatility
ARKW vs. QQQ - Volatility Comparison
ARK Next Generation Internet ETF (ARKW) has a higher volatility of 11.92% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that ARKW's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.