CLIX vs. ARKG
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and ARK Genomic Revolution Multi-Sector ETF (ARKG).
CLIX and ARKG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. ARKG 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: CLIX or ARKG.
Key characteristics
| CLIX | ARKG | |
|---|---|---|
| YTD Return | 11.00% | -27.22% |
| 1Y Return | 37.18% | -17.54% |
| 3Y Return (Ann) | -20.60% | -35.45% |
| 5Y Return (Ann) | -4.25% | -5.09% |
| Sharpe Ratio | 1.75 | -0.43 |
| Daily Std Dev | 21.18% | 40.18% |
| Max Drawdown | -73.21% | -80.10% |
| Current Drawdown | -59.11% | -78.63% |
Correlation
The correlation between CLIX and ARKG is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CLIX vs. ARKG - Performance Comparison
In the year-to-date period, CLIX achieves a 11.00% return, which is significantly higher than ARKG's -27.22% 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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CLIX vs. ARKG - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is lower than ARKG's 0.75% expense ratio.
Risk-Adjusted Performance
CLIX vs. ARKG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) and ARK Genomic Revolution Multi-Sector ETF (ARKG). 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
CLIX vs. ARKG - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.36%, while ARKG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.36% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% |
ARKG ARK Genomic Revolution Multi-Sector ETF | 0.00% | 0.00% | 0.00% | 0.62% | 0.85% | 3.14% | 1.94% | 1.34% |
Drawdowns
CLIX vs. ARKG - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, smaller than the maximum ARKG drawdown of -80.10%. Use the drawdown chart below to compare losses from any high point for CLIX and ARKG. For additional features, visit the drawdowns tool.
Volatility
CLIX vs. ARKG - Volatility Comparison
The current volatility for ProShares Long Online/Short Stores ETF (CLIX) is 4.81%, while ARK Genomic Revolution Multi-Sector ETF (ARKG) has a volatility of 10.75%. This indicates that CLIX experiences smaller price fluctuations and is considered to be less risky than ARKG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.