CARK vs. QWLD

Last updated Jun 4, 2026

CARK (Castleark Large Growth ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds. CARK is actively managed, while QWLD is passively managed. Over the past year, CARK returned 22.33% vs 17.09% for QWLD. A 0.68 correlation means they provide meaningful diversification when combined. CARK charges 0.54%/yr vs 0.30%/yr for QWLD.

Performance

CARK vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Castleark Large Growth ETF (CARK) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CARK achieves a 8.34% return, which is significantly higher than QWLD's 6.55% return.

CARK

• 1D: -1.13%
• 1M: 5.14%
• YTD: 8.34%
• 6M: 8.76%
• 1Y: 22.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QWLD

• 1D: -0.56%
• 1M: 2.55%
• YTD: 6.55%
• 6M: 7.32%
• 1Y: 17.09%
• 3Y*: 16.35%
• 5Y*: 9.96%
• 10Y*: 11.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CARK vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CARK Castleark Large Growth ETF	8.34%	10.84%	26.49%	3.57%
QWLD SPDR MSCI World StrategicFactors ETF	6.55%	17.93%	14.44%	3.66%

Correlation

The correlation between CARK and QWLD is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 8, 2023	0.68

The correlation between CARK and QWLD has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.

CARK vs. QWLD - Sectors Allocation Comparison

Sectors	CARK	QWLD
Technology	55.1%	22.3%
Communication Services	15.8%	9.6%
Consumer Cyclical	8.7%	5.0%
Financial Services	8.5%	13.8%
Healthcare	6.5%	12.6%
Industrials	5.5%	8.6%
Basic Materials	-	2.9%
Consumer Defensive	-	7.6%
Energy	-	4.5%
Real Estate	-	0.8%
Utilities	-	3.7%

Return for Risk

CARK vs. QWLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CARK

CARK Risk / Return Rank: 34
CARK Sharpe Ratio Rank: 37
CARK Sortino Ratio Rank: 35
CARK Omega Ratio Rank: 35
CARK Calmar Ratio Rank: 29
CARK Martin Ratio Rank: 32

QWLD

QWLD Risk / Return Rank: 50
QWLD Sharpe Ratio Rank: 51
QWLD Sortino Ratio Rank: 52
QWLD Omega Ratio Rank: 49
QWLD Calmar Ratio Rank: 45
QWLD Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CARK vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Castleark Large Growth ETF (CARK) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

	CARK	QWLD	Difference
Sharpe ratio Return per unit of total volatility	1.32	1.77	-0.46
Sortino ratio Return per unit of downside risk	1.83	2.55	-0.72
Omega ratio Gain probability vs. loss probability	1.23	1.31	-0.08
Calmar ratio Return relative to maximum drawdown	1.36	2.24	-0.88
Martin ratio Return relative to average drawdown	4.59	9.70	-5.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CARK vs. QWLD - Sharpe Ratio Comparison

The current CARK Sharpe Ratio is 1.32, which is comparable to the QWLD Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of CARK and QWLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CARK	QWLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	1.77	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.69	+0.28

Drawdowns

CARK vs. QWLD - Drawdown Comparison

The maximum CARK drawdown since its inception was -25.22%, smaller than the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for CARK and QWLD.

Drawdown Indicators

	CARK	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-25.22%	-31.89%	+6.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-7.66%	-8.84%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-1.58%	-0.56%	-1.02%
Average Drawdown Average peak-to-trough decline	-4.44%	-3.71%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.87%	1.77%	+3.10%

Volatility

CARK vs. QWLD - Volatility Comparison

Castleark Large Growth ETF (CARK) has a higher volatility of 3.92% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.26%. This indicates that CARK's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CARK	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	2.26%	+1.66%
Volatility (6M) Calculated over the trailing 6-month period	12.94%	7.51%	+5.43%
Volatility (1Y) Calculated over the trailing 1-year period	17.06%	9.68%	+7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	13.53%	+7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.70%	15.18%	+5.52%

CARK vs. QWLD - Expense Ratio Comparison

CARK has a 0.54% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

CARK vs. QWLD - Dividend Comparison

CARK's dividend yield for the trailing twelve months is around 0.01%, less than QWLD's 1.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CARK Castleark Large Growth ETF	0.01%	0.01%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QWLD SPDR MSCI World StrategicFactors ETF	1.84%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%

Frequently Asked Questions

Can I hold both CARK and QWLD in my portfolio?

CARK and QWLD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CARK or QWLD?

CARK has higher volatility (3.92%) compared to QWLD (2.26%). In terms of maximum drawdown, CARK dropped -25.22% vs QWLD's -31.89%.

Which ETF is better, CARK or QWLD?

On 1-year performance, CARK leads with 22.33% vs 17.09% for QWLD. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CARK or QWLD?

Over the 1-year period, CARK has performed better with a 22.33% return vs 17.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CARK or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.54% for CARK.

Which ETF pays a higher dividend yield, CARK or QWLD?

QWLD has the higher dividend yield at 1.84%, compared with 0.01% for CARK.

What is the main difference between CARK and QWLD?

They also come from different issuers: CastleArk and State Street. Their fees differ too: 0.54% for CARK and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.77 vs 1.32), 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.