ARKX vs. ARKR

Last updated Jun 6, 2026

ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK, while ARKR (Ark Restaurants Corp.) is a stock. Over the past 5 years, ARKX returned 10.39%/yr vs -19.12%/yr for ARKR. At a 0.12 correlation, their price movements are largely independent.

Performance

ARKX vs. ARKR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Space Exploration & Innovation ETF (ARKX) and Ark Restaurants Corp. (ARKR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARKX achieves a 17.46% return, which is significantly higher than ARKR's -6.79% return.

ARKX

• 1D: -6.38%
• 1M: 0.65%
• YTD: 17.46%
• 6M: 19.82%
• 1Y: 62.33%
• 3Y*: 33.13%
• 5Y*: 10.39%
• 10Y*: —

ARKR

• 1D: 0.00%
• 1M: -6.72%
• YTD: -6.79%
• 6M: -11.85%
• 1Y: -39.02%
• 3Y*: -28.49%
• 5Y*: -19.12%
• 10Y*: -8.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARKX vs. ARKR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ARKX ARK Space Exploration & Innovation ETF	17.46%	48.46%	26.67%	24.37%	-34.27%	-7.14%
ARKR Ark Restaurants Corp.	-6.79%	-39.05%	-19.79%	-11.47%	0.44%	-16.50%

Correlation

The correlation between ARKX and ARKR is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Mar 31, 2021	0.12

The correlation between ARKX and ARKR shifts across timeframes, from -0.10 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ARKX vs. ARKR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKX

ARKX Risk / Return Rank: 54
ARKX Sharpe Ratio Rank: 57
ARKX Sortino Ratio Rank: 52
ARKX Omega Ratio Rank: 48
ARKX Calmar Ratio Rank: 63
ARKX Martin Ratio Rank: 50

ARKR

ARKR Risk / Return Rank: 8
ARKR Sharpe Ratio Rank: 7
ARKR Sortino Ratio Rank: 9
ARKR Omega Ratio Rank: 9
ARKR Calmar Ratio Rank: 4
ARKR Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKX vs. ARKR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and Ark Restaurants Corp. (ARKR). 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.

	ARKX	ARKR	Difference
Sharpe ratio: Return per unit of total volatility	1.89	-0.87	+2.76
Sortino ratio: Return per unit of downside risk	2.45	-1.18	+3.63
Omega ratio: Gain probability vs. loss probability	1.29	0.84	+0.45
Calmar ratio: Return relative to maximum drawdown	3.07	-0.95	+4.02
Martin ratio: Return relative to average drawdown	8.23	-1.28	+9.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKX vs. ARKR - Sharpe Ratio Comparison

The current ARKX Sharpe Ratio is 1.89, which is higher than the ARKR Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of ARKX and ARKR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARKX	ARKR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	-0.87	+2.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	-0.43	+0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.03	+0.35

Drawdowns

ARKX vs. ARKR - Drawdown Comparison

The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum ARKR drawdown of -90.86%. Use the drawdown chart below to compare losses from any high point for ARKX and ARKR.

Drawdown Indicators

	ARKX	ARKR	Difference
Max Drawdown Largest peak-to-trough decline	-43.61%	-90.86%	+47.25%
Max Drawdown (1Y) Largest decline over 1 year	-20.42%	-41.27%	+20.85%
Max Drawdown (3Y) Largest decline over 3 years	-25.47%	-66.27%	+40.80%
Max Drawdown (5Y) Largest decline over 5 years	-43.61%	-70.38%	+26.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.10%	—
Current Drawdown Current decline from peak	-9.80%	-72.07%	+62.27%
Average Drawdown Average peak-to-trough decline	-19.97%	-37.20%	+17.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.60%	30.51%	-22.91%

Volatility

ARKX vs. ARKR - Volatility Comparison

The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 12.24%, while Ark Restaurants Corp. (ARKR) has a volatility of 16.18%. This indicates that ARKX experiences smaller price fluctuations and is considered to be less risky than ARKR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKX	ARKR	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.24%	16.18%	-3.94%
Volatility (6M) Calculated over the trailing 6-month period	25.81%	34.81%	-9.00%
Volatility (1Y) Calculated over the trailing 1-year period	33.16%	45.04%	-11.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.86%	45.03%	-17.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.55%	49.19%	-21.64%

Dividends

ARKX vs. ARKR - Dividend Comparison

Neither ARKX nor ARKR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKR Ark Restaurants Corp.	0.00%	0.00%	3.41%	4.89%	2.26%	0.00%	1.29%	4.45%	5.45%	3.70%	4.12%	4.30%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARKX and ARKR in my portfolio?

ARKX and ARKR have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARKX or ARKR?

ARKR has higher volatility (16.18%) compared to ARKX (12.24%). In terms of maximum drawdown, ARKX dropped -43.61% vs ARKR's -90.86%.

Which has better risk-adjusted returns?

ARKX currently has the higher Sharpe Ratio (1.89 vs -0.87), 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.