ARKX vs. ARKK
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and ARK Innovation ETF (ARKK).
ARKX and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKX is an actively managed fund by ARK Investment Management. It was launched on Mar 30, 2021. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or ARKK.
Performance
ARKX vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, ARKX achieves a 20.12% return, which is significantly higher than ARKK's 4.58% return.
ARKX
20.12%
11.51%
20.82%
31.44%
N/A
N/A
ARKK
4.58%
16.16%
25.59%
23.58%
3.25%
11.53%
Key characteristics
| ARKX | ARKK | |
|---|---|---|
| Sharpe Ratio | 1.59 | 0.70 |
| Sortino Ratio | 2.24 | 1.18 |
| Omega Ratio | 1.27 | 1.14 |
| Calmar Ratio | 0.95 | 0.33 |
| Martin Ratio | 6.40 | 1.73 |
| Ulcer Index | 5.06% | 14.39% |
| Daily Std Dev | 20.35% | 35.54% |
| Max Drawdown | -43.61% | -80.91% |
| Current Drawdown | -12.87% | -64.44% |
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ARKX vs. ARKK - Expense Ratio Comparison
Both ARKX and ARKK have an expense ratio of 0.75%.
Correlation
The correlation between ARKX and ARKK is 0.81, 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
ARKX vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and ARK Innovation ETF (ARKK). 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
ARKX vs. ARKK - Dividend Comparison
Neither ARKX nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ARKX ARK Space Exploration & Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
ARKX vs. ARKK - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ARKX and ARKK. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. ARKK - Volatility Comparison
The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 8.16%, while ARK Innovation ETF (ARKK) has a volatility of 13.98%. This indicates that ARKX experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.