ARKX vs. PRZO
ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK, while PRZO (ParaZero Technologies Ltd. Ordinary Shares) is a stock. Over the past year, ARKX returned 52.99% vs -49.14% for PRZO. At a 0.26 correlation, their price movements are largely independent.
Performance
ARKX vs. PRZO - Performance Comparison
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Returns By Period
In the year-to-date period, ARKX achieves a 16.56% return, which is significantly higher than PRZO's -26.98% return.
ARKX
- 1D
- -1.94%
- 1M
- -2.96%
- YTD
- 16.56%
- 6M
- 17.78%
- 1Y
- 52.99%
- 3Y*
- 31.55%
- 5Y*
- 10.38%
- 10Y*
- —
PRZO
- 1D
- -3.06%
- 1M
- 7.50%
- YTD
- -26.98%
- 6M
- -52.77%
- 1Y
- -49.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARKX vs. PRZO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ARKX ARK Space Exploration & Innovation ETF | 16.56% | 48.46% | 26.67% | 1.52% |
PRZO ParaZero Technologies Ltd. Ordinary Shares | -26.98% | -59.85% | 185.59% | -82.62% |
Correlation
The correlation between ARKX and PRZO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023 | 0.26 |
Over the past year, ARKX and PRZO have become more correlated (0.46) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
ARKX vs. PRZO — Risk / Return Rank
ARKX
PRZO
ARKX vs. PRZO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and ParaZero Technologies Ltd. Ordinary Shares (PRZO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARKX | PRZO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | -0.64 | +3.25 |
| Martin ratioReturn relative to average drawdown | 6.87 | -1.16 | +8.03 |
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Drawdowns
ARKX vs. PRZO - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum PRZO drawdown of -88.53%. Use the drawdown chart below to compare losses from any high point for ARKX and PRZO.
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Drawdown Indicators
| ARKX | PRZO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.61% | -88.53% | +44.92% |
Max Drawdown (1Y)Largest decline over 1 year | -20.42% | -76.78% | +56.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -43.61% | — | — |
Current DrawdownCurrent decline from peak | -10.49% | -85.45% | +74.96% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -74.24% | +54.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.74% | 42.41% | -34.67% |
Volatility
ARKX vs. PRZO - Volatility Comparison
The current volatility for ARK Space Exploration & Innovation ETF (ARKX) is 12.77%, while ParaZero Technologies Ltd. Ordinary Shares (PRZO) has a volatility of 50.24%. This indicates that ARKX experiences smaller price fluctuations and is considered to be less risky than PRZO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARKX | PRZO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.77% | 50.24% | -37.47% |
Volatility (6M)Calculated over the trailing 6-month period | 26.51% | 91.31% | -64.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.50% | 117.45% | -83.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.02% | 174.37% | -146.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.65% | 174.37% | -146.72% |
Dividends
ARKX vs. PRZO - Dividend Comparison
Neither ARKX nor PRZO has paid dividends to shareholders.
Frequently Asked Questions
ARKX and PRZO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRZO has higher volatility (50.24%) compared to ARKX (12.77%). In terms of maximum drawdown, ARKX dropped -43.61% vs PRZO's -88.53%.
ARKX currently has the higher Sharpe Ratio (1.59 vs -0.42), 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.
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