BIGZ vs. ARKK
Compare and contrast key facts about Blackrock Innovation & Growth Trust (BIGZ) and ARK Innovation ETF (ARKK).
ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIGZ or ARKK.
Key characteristics
| BIGZ | ARKK | |
|---|---|---|
| YTD Return | 16.90% | 10.46% |
| 1Y Return | 27.81% | 45.61% |
| 3Y Return (Ann) | -16.03% | -20.92% |
| Sharpe Ratio | 1.53 | 1.34 |
| Sortino Ratio | 2.13 | 1.90 |
| Omega Ratio | 1.26 | 1.23 |
| Calmar Ratio | 0.48 | 0.65 |
| Martin Ratio | 5.16 | 3.34 |
| Ulcer Index | 5.76% | 14.36% |
| Daily Std Dev | 19.41% | 35.94% |
| Max Drawdown | -67.28% | -80.91% |
| Current Drawdown | -52.04% | -62.44% |
Correlation
The correlation between BIGZ and ARKK is 0.74, 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
BIGZ vs. ARKK - Performance Comparison
In the year-to-date period, BIGZ achieves a 16.90% return, which is significantly higher than ARKK's 10.46% 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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Risk-Adjusted Performance
BIGZ vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackrock Innovation & Growth Trust (BIGZ) and ARK Innovation ETF (ARKK). 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
BIGZ vs. ARKK - Dividend Comparison
BIGZ's dividend yield for the trailing twelve months is around 9.57%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIGZ Blackrock Innovation & Growth Trust | 9.57% | 10.45% | 14.54% | 4.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
BIGZ vs. ARKK - Drawdown Comparison
The maximum BIGZ drawdown since its inception was -67.28%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for BIGZ and ARKK. For additional features, visit the drawdowns tool.
Volatility
BIGZ vs. ARKK - Volatility Comparison
The current volatility for Blackrock Innovation & Growth Trust (BIGZ) is 4.79%, while ARK Innovation ETF (ARKK) has a volatility of 13.21%. This indicates that BIGZ experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.