ARKX vs. ROKT
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and SPDR S&P Kensho Final Frontiers ETF (ROKT).
ARKX and ROKT 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. ROKT is a passively managed fund by State Street that tracks the performance of the S&P Kensho Final Frontiers Index. It was launched on Oct 22, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or ROKT.
Key characteristics
| ARKX | ROKT | |
|---|---|---|
| YTD Return | -6.29% | -4.28% |
| 1Y Return | 9.10% | 7.60% |
| 3Y Return (Ann) | -11.33% | 1.91% |
| Sharpe Ratio | 0.34 | 0.38 |
| Daily Std Dev | 19.88% | 15.31% |
| Max Drawdown | -43.61% | -43.16% |
| Current Drawdown | -32.03% | -5.04% |
Correlation
The correlation between ARKX and ROKT is 0.82, 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. ROKT - Performance Comparison
In the year-to-date period, ARKX achieves a -6.29% return, which is significantly lower than ROKT's -4.28% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ARKX vs. ROKT - Expense Ratio Comparison
ARKX has a 0.75% expense ratio, which is higher than ROKT's 0.45% expense ratio.
Risk-Adjusted Performance
ARKX vs. ROKT - 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 Final Frontiers ETF (ROKT). 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. ROKT - Dividend Comparison
ARKX has not paid dividends to shareholders, while ROKT's dividend yield for the trailing twelve months is around 0.68%.
| 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% |
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.68% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% |
Drawdowns
ARKX vs. ROKT - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, roughly equal to the maximum ROKT drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for ARKX and ROKT. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. ROKT - Volatility Comparison
ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 4.87% compared to SPDR S&P Kensho Final Frontiers ETF (ROKT) at 4.28%. This indicates that ARKX's price experiences larger fluctuations and is considered to be riskier than ROKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.