ENVX vs. ARKK
ENVX (Enovix Corp) is a stock, while ARKK (ARK Innovation ETF) is Technology Equities fund actively managed by ARK. Over the past 3 years, ENVX returned -33.30%/yr vs 19.81%/yr for ARKK. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
ENVX vs. ARKK - Performance Comparison
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Returns By Period
In the year-to-date period, ENVX achieves a -28.86% return, which is significantly lower than ARKK's 4.32% return.
ENVX
- 1D
- -3.70%
- 1M
- -21.92%
- 6M
- -34.34%
- YTD
- -28.86%
- 1Y
- -57.76%
- 3Y*
- -33.30%
- 5Y*
- —
- 10Y*
- —
ARKK
- 1D
- -1.58%
- 1M
- 6.07%
- 6M
- -0.06%
- YTD
- 4.32%
- 1Y
- 11.00%
- 3Y*
- 19.81%
- 5Y*
- -8.32%
- 10Y*
- 15.54%
ENVX vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENVX Enovix Corp | -28.86% | -23.14% | -13.18% | 0.64% | -54.40% | 26.88% |
ARKK ARK Innovation ETF | 4.32% | 35.49% | 8.40% | 69.04% | -66.97% | -19.51% |
Correlation
The correlation between ENVX and ARKK is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.59 |
The correlation between ENVX and ARKK has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
ENVX vs. ARKK — Risk / Return Rank
ENVX
ARKK
ENVX vs. ARKK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enovix Corp (ENVX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENVX | ARKK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.07 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 0.29 | -1.13 |
| Martin ratioReturn relative to average drawdown | -1.15 | 0.61 | -1.76 |
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Drawdowns
ENVX vs. ARKK - Drawdown Comparison
The maximum ENVX drawdown since its inception was -84.76%, roughly equal to the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for ENVX and ARKK.
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Drawdown Indicators
| ENVX | ARKK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.76% | -80.97% | -3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -69.62% | -31.35% | -38.27% |
Max Drawdown (3Y)Largest decline over 3 years | -75.42% | -39.56% | -35.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.97% | — |
Current DrawdownCurrent decline from peak | -83.41% | -48.04% | -35.37% |
Average DrawdownAverage peak-to-trough decline | -63.23% | -30.27% | -32.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.41% | 14.86% | +35.55% |
Volatility
ENVX vs. ARKK - Volatility Comparison
Enovix Corp (ENVX) has a higher volatility of 26.13% compared to ARK Innovation ETF (ARKK) at 10.15%. This indicates that ENVX's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENVX | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.13% | 10.15% | +15.98% |
Volatility (6M)Calculated over the trailing 6-month period | 59.08% | 26.86% | +32.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 86.05% | 36.33% | +49.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.80% | 46.47% | +47.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.80% | 40.39% | +53.41% |
Dividends
ENVX vs. ARKK - Dividend Comparison
Neither ENVX nor ARKK has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.70% | 0.00% | 0.55% | 1.64% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
ENVX Enovix Corp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ENVX and ARKK have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENVX has higher volatility (26.13%) compared to ARKK (10.15%). In terms of maximum drawdown, ENVX dropped -84.76% vs ARKK's -80.97%.
ARKK currently has the higher Sharpe Ratio (0.25 vs -0.68), 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.
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