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

Key characteristics


ARKXSPY
YTD Return-3.18%10.41%
1Y Return11.19%34.16%
Sharpe Ratio0.552.93
Daily Std Dev19.80%11.54%
Max Drawdown-43.61%-55.19%
Current Drawdown-29.77%0.00%

Correlation

0.81
-1.001.00

The correlation between ARKX and SPY is 0.81, 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. SPY - Performance Comparison

In the year-to-date period, ARKX achieves a -3.18% return, which is significantly lower than SPY's 10.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-40.00%-20.00%0.00%20.00%40.00%OctoberNovemberDecember2024FebruaryMarch
-26.50%
38.54%
ARKX
SPY

Compare stocks, funds, or ETFs


ARK Space Exploration & Innovation ETF

SPDR S&P 500 ETF

ARKX vs. SPY - Expense Ratio Comparison

ARKX has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.

ARKX
ARK Space Exploration & Innovation ETF
0.50%1.00%1.50%2.00%0.75%
0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

ARKX vs. SPY - 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 500 ETF (SPY). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ARKX
ARK Space Exploration & Innovation ETF
0.55
SPY
SPDR S&P 500 ETF
2.93

ARKX vs. SPY - Sharpe Ratio Comparison

The current ARKX Sharpe Ratio is 0.55, which is lower than the SPY Sharpe Ratio of 2.93. The chart below compares the 12-month rolling Sharpe Ratio of ARKX and SPY.


Rolling 12-month Sharpe Ratio0.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
0.55
2.93
ARKX
SPY

Dividends

ARKX vs. SPY - Dividend Comparison

ARKX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.28%.


TTM20232022202120202019201820172016201520142013
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%
SPY
SPDR S&P 500 ETF
1.28%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

ARKX vs. SPY - Drawdown Comparison

The maximum ARKX drawdown since its inception was -43.61%, smaller than the maximum SPY drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for ARKX and SPY


-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-29.77%
0
ARKX
SPY

Volatility

ARKX vs. SPY - Volatility Comparison

ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 4.17% compared to SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that ARKX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2024FebruaryMarch
4.17%
2.75%
ARKX
SPY