ARKX vs. VOO
Compare and contrast key facts about ARK Space Exploration & Innovation ETF (ARKX) and Vanguard S&P 500 ETF (VOO).
ARKX and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKX or VOO.
Key characteristics
| ARKX | VOO | |
|---|---|---|
| YTD Return | -4.80% | 5.98% |
| 1Y Return | 9.31% | 22.69% |
| 3Y Return (Ann) | -10.71% | 8.02% |
| Sharpe Ratio | 0.47 | 1.93 |
| Daily Std Dev | 19.95% | 11.69% |
| Max Drawdown | -43.61% | -33.99% |
| Current Drawdown | -30.95% | -4.14% |
Correlation
The correlation between ARKX and VOO 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. VOO - Performance Comparison
In the year-to-date period, ARKX achieves a -4.80% return, which is significantly lower than VOO's 5.98% 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. VOO - Expense Ratio Comparison
ARKX has a 0.75% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ARKX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK Space Exploration & Innovation ETF (ARKX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
ARKX has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.39%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.39% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
ARKX vs. VOO - Drawdown Comparison
The maximum ARKX drawdown since its inception was -43.61%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ARKX and VOO. For additional features, visit the drawdowns tool.
Volatility
ARKX vs. VOO - Volatility Comparison
ARK Space Exploration & Innovation ETF (ARKX) has a higher volatility of 6.00% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that ARKX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.