ARKX vs. FITE
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and SPDR S&P Kensho Future Security ETF (FITE).
ARKX and FITE 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. FITE is a passively managed fund by State Street that tracks the performance of the S&P Kensho Future Security Index. It was launched on Dec 26, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or FITE.
Performance
ARKX vs. FITE - Performance Comparison
Returns By Period
In the year-to-date period, ARKX achieves a 16.74% return, which is significantly lower than FITE's 18.14% return.
ARKX
16.74%
6.96%
15.17%
27.05%
N/A
N/A
FITE
18.14%
2.03%
14.58%
31.54%
11.47%
N/A
Key characteristics
| ARKX | FITE | |
|---|---|---|
| Sharpe Ratio | 1.40 | 1.94 |
| Sortino Ratio | 1.99 | 2.59 |
| Omega Ratio | 1.24 | 1.34 |
| Calmar Ratio | 0.83 | 2.89 |
| Martin Ratio | 5.58 | 11.53 |
| Ulcer Index | 5.06% | 2.84% |
| Daily Std Dev | 20.22% | 16.90% |
| Max Drawdown | -43.61% | -36.90% |
| Current Drawdown | -15.32% | -3.49% |
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ARKX vs. FITE - Expense Ratio Comparison
ARKX has a 0.75% expense ratio, which is higher than FITE's 0.45% expense ratio.
Correlation
The correlation between ARKX and FITE is 0.88, 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. FITE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and SPDR S&P Kensho Future Security ETF (FITE). 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. FITE - Dividend Comparison
ARKX has not paid dividends to shareholders, while FITE's dividend yield for the trailing twelve months is around 0.15%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
ARKX ARK Space Exploration & Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FITE SPDR S&P Kensho Future Security ETF | 0.15% | 0.13% | 0.12% | 0.92% | 0.88% | 0.44% | 1.79% |
Drawdowns
ARKX vs. FITE - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, which is greater than FITE's maximum drawdown of -36.90%. Use the drawdown chart below to compare losses from any high point for ARKX and FITE. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. FITE - Volatility Comparison
ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 7.88% compared to SPDR S&P Kensho Future Security ETF (FITE) at 6.92%. This indicates that ARKX's price experiences larger fluctuations and is considered to be riskier than FITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.