ARKX vs. ITA
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and iShares U.S. Aerospace & Defense ETF (ITA).
ARKX and ITA 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. ITA is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index. It was launched on May 5, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or ITA.
Performance
ARKX vs. ITA - Performance Comparison
Returns By Period
In the year-to-date period, ARKX achieves a 20.12% return, which is significantly lower than ITA's 21.49% return.
ARKX
20.12%
11.51%
20.82%
31.44%
N/A
N/A
ITA
21.49%
1.59%
14.41%
30.84%
6.94%
11.61%
Key characteristics
| ARKX | ITA | |
|---|---|---|
| Sharpe Ratio | 1.59 | 2.10 |
| Sortino Ratio | 2.24 | 2.81 |
| Omega Ratio | 1.27 | 1.40 |
| Calmar Ratio | 0.95 | 4.42 |
| Martin Ratio | 6.40 | 13.61 |
| Ulcer Index | 5.06% | 2.33% |
| Daily Std Dev | 20.35% | 15.08% |
| Max Drawdown | -43.61% | -59.72% |
| Current Drawdown | -12.87% | -2.79% |
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ARKX vs. ITA - Expense Ratio Comparison
ARKX has a 0.75% expense ratio, which is higher than ITA's 0.42% expense ratio.
Correlation
The correlation between ARKX and ITA is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ARKX vs. ITA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and iShares U.S. Aerospace & Defense ETF (ITA). 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. ITA - Dividend Comparison
ARKX has not paid dividends to shareholders, while ITA's dividend yield for the trailing twelve months is around 0.80%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ITA iShares U.S. Aerospace & Defense ETF | 0.80% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% | 1.21% | 1.13% |
Drawdowns
ARKX vs. ITA - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum ITA drawdown of -59.72%. Use the drawdown chart below to compare losses from any high point for ARKX and ITA. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. ITA - Volatility Comparison
ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 8.16% compared to iShares U.S. Aerospace & Defense ETF (ITA) at 6.88%. This indicates that ARKX's price experiences larger fluctuations and is considered to be riskier than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.