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ARKX vs. FITE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between ARKX and FITE is 0.80, 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.


Performance

ARKX vs. FITE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARK Space Exploration & Innovation ETF (ARKX) and SPDR S&P Kensho Future Security ETF (FITE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ARKX:

1.08

FITE:

0.91

Sortino Ratio

ARKX:

1.57

FITE:

1.29

Omega Ratio

ARKX:

1.19

FITE:

1.17

Calmar Ratio

ARKX:

0.87

FITE:

0.92

Martin Ratio

ARKX:

3.79

FITE:

3.14

Ulcer Index

ARKX:

7.89%

FITE:

6.47%

Daily Std Dev

ARKX:

30.42%

FITE:

24.67%

Max Drawdown

ARKX:

-43.61%

FITE:

-36.90%

Current Drawdown

ARKX:

-5.54%

FITE:

-5.86%

Returns By Period

In the year-to-date period, ARKX achieves a 3.94% return, which is significantly higher than FITE's 2.00% return.


ARKX

YTD

3.94%

1M

9.79%

6M

7.75%

1Y

31.67%

3Y*

12.87%

5Y*

N/A

10Y*

N/A

FITE

YTD

2.00%

1M

7.65%

6M

-0.05%

1Y

21.24%

3Y*

15.07%

5Y*

14.85%

10Y*

N/A

*Annualized

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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.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ARKX vs. FITE — Risk-Adjusted Performance Rank

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

ARKX
The Risk-Adjusted Performance Rank of ARKX is 8282
Overall Rank
The Sharpe Ratio Rank of ARKX is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of ARKX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of ARKX is 8080
Omega Ratio Rank
The Calmar Ratio Rank of ARKX is 8080
Calmar Ratio Rank
The Martin Ratio Rank of ARKX is 8080
Martin Ratio Rank

FITE
The Risk-Adjusted Performance Rank of FITE is 7878
Overall Rank
The Sharpe Ratio Rank of FITE is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of FITE is 7878
Sortino Ratio Rank
The Omega Ratio Rank of FITE is 7777
Omega Ratio Rank
The Calmar Ratio Rank of FITE is 8181
Calmar Ratio Rank
The Martin Ratio Rank of FITE is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current ARKX Sharpe Ratio is 1.08, which is comparable to the FITE Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of ARKX and FITE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

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%.


TTM2024202320222021202020192018
ARKX
ARK Space Exploration & Innovation ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FITE
SPDR S&P Kensho Future Security ETF
0.15%0.12%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.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ARKX vs. FITE - Volatility Comparison

ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 7.13% compared to SPDR S&P Kensho Future Security ETF (FITE) at 4.32%. 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.


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