ETIEX vs. ARKVX

Last updated Jun 4, 2026

ETIEX (Eventide Exponential Technologies Fund) and ARKVX (ARK Venture Fund) are both Technology Equities funds. Over the past 3 years, ETIEX returned 16.04%/yr vs 36.76%/yr for ARKVX. A 0.66 correlation means they provide meaningful diversification when combined. ETIEX charges 1.43%/yr vs 2.90%/yr for ARKVX.

Performance

ETIEX vs. ARKVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eventide Exponential Technologies Fund (ETIEX) and ARK Venture Fund (ARKVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETIEX achieves a 23.67% return, which is significantly higher than ARKVX's 11.89% return.

ETIEX

• 1D: 1.29%
• 1M: 19.18%
• YTD: 23.67%
• 6M: 23.16%
• 1Y: 35.63%
• 3Y*: 16.04%
• 5Y*: 2.02%
• 10Y*: —

ARKVX

• 1D: -0.44%
• 1M: 2.38%
• YTD: 11.89%
• 6M: 26.97%
• 1Y: 69.96%
• 3Y*: 36.76%
• 5Y*: —
• 10Y*: —

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

ETIEX vs. ARKVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ETIEX Eventide Exponential Technologies Fund	23.67%	8.94%	2.52%	31.96%	1.33%
ARKVX ARK Venture Fund	11.89%	55.68%	6.69%	61.25%	-6.24%

Correlation

The correlation between ETIEX and ARKVX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (All Time) Calculated using the full available price history since Nov 8, 2022	0.66

Over the past year, the correlation between ETIEX and ARKVX has dropped to 0.44 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

ETIEX vs. ARKVX — Risk / Return Rank

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

ETIEX

ETIEX Risk / Return Rank: 25
ETIEX Sharpe Ratio Rank: 28
ETIEX Sortino Ratio Rank: 23
ETIEX Omega Ratio Rank: 25
ETIEX Calmar Ratio Rank: 25
ETIEX Martin Ratio Rank: 24

ARKVX

ARKVX Risk / Return Rank: 98
ARKVX Sharpe Ratio Rank: 98
ARKVX Sortino Ratio Rank: 99
ARKVX Omega Ratio Rank: 98
ARKVX Calmar Ratio Rank: 98
ARKVX Martin Ratio Rank: 98

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.

ETIEX vs. ARKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide Exponential Technologies Fund (ETIEX) and ARK Venture Fund (ARKVX). 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.

	ETIEX	ARKVX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	4.00	-2.48
Sortino ratio: Return per unit of downside risk	2.03	11.07	-9.05
Omega ratio: Gain probability vs. loss probability	1.26	2.37	-1.11
Calmar ratio: Return relative to maximum drawdown	1.87	9.09	-7.22
Martin ratio: Return relative to average drawdown	5.98	34.78	-28.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETIEX vs. ARKVX - Sharpe Ratio Comparison

The current ETIEX Sharpe Ratio is 1.51, which is lower than the ARKVX Sharpe Ratio of 4.00. The chart below compares the historical Sharpe Ratios of ETIEX and ARKVX, 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

	ETIEX	ARKVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	4.00	-2.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	1.85	-1.53

Drawdowns

ETIEX vs. ARKVX - Drawdown Comparison

The maximum ETIEX drawdown since its inception was -53.83%, which is greater than ARKVX's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for ETIEX and ARKVX.

Drawdown Indicators

	ETIEX	ARKVX	Difference
Max Drawdown Largest peak-to-trough decline	-53.83%	-19.10%	-34.73%
Max Drawdown (1Y) Largest decline over 1 year	-19.88%	-8.14%	-11.74%
Max Drawdown (3Y) Largest decline over 3 years	-30.86%	-19.10%	-11.76%
Max Drawdown (5Y) Largest decline over 5 years	-53.83%	—	—
Current Drawdown Current decline from peak	-12.14%	-0.71%	-11.43%
Average Drawdown Average peak-to-trough decline	-30.09%	-4.20%	-25.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	2.09%	+4.11%

Volatility

ETIEX vs. ARKVX - Volatility Comparison

Eventide Exponential Technologies Fund (ETIEX) has a higher volatility of 6.47% compared to ARK Venture Fund (ARKVX) at 4.38%. This indicates that ETIEX's price experiences larger fluctuations and is considered to be riskier than ARKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETIEX	ARKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	4.38%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	19.31%	13.19%	+6.12%
Volatility (1Y) Calculated over the trailing 1-year period	24.56%	18.50%	+6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.92%	18.67%	+14.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.47%	18.67%	+14.80%

ETIEX vs. ARKVX - Expense Ratio Comparison

ETIEX has a 1.43% expense ratio, which is lower than ARKVX's 2.90% expense ratio.

Dividends

ETIEX vs. ARKVX - Dividend Comparison

Neither ETIEX nor ARKVX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%	0.00%
ETIEX Eventide Exponential Technologies Fund	0.00%	0.00%	0.00%	0.00%	0.00%	1.26%	0.11%

Frequently Asked Questions

Can I hold both ETIEX and ARKVX in my portfolio?

ETIEX and ARKVX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETIEX or ARKVX?

ETIEX has higher volatility (6.47%) compared to ARKVX (4.38%). In terms of maximum drawdown, ETIEX dropped -53.83% vs ARKVX's -19.10%.

Which has better risk-adjusted returns?

ARKVX currently has the higher Sharpe Ratio (4.00 vs 1.51), 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.