ETON vs. ARKW

Last updated Aug 1, 2026

ETON (Eton Pharmaceuticals Inc) is a stock, while ARKW (ARK Next Generation Internet ETF) is Mid Cap Growth Equities fund actively managed by ARK. Over the past 5 years, ETON returned 55.29%/yr vs -1.16%/yr for ARKW. Their 0.28 correlation means their historical movements had little consistent relationship.

Performance

ETON vs. ARKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eton Pharmaceuticals Inc (ETON) and ARK Next Generation Internet ETF (ARKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETON achieves a 174.51% return, which is significantly higher than ARKW's -7.37% return.

ETON

• 1D: -5.32%
• 1M: 23.79%
• 6M: 209.26%
• YTD: 174.51%
• 1Y: 228.52%
• 3Y*: 154.38%
• 5Y*: 55.29%
• 10Y*: —
• ALL TIME*: 29.32%

ARKW

• 1D: -1.02%
• 1M: -5.74%
• 6M: -0.05%
• YTD: -7.37%
• 1Y: -7.47%
• 3Y*: 27.92%
• 5Y*: -1.16%
• 10Y*: 21.15%
• ALL TIME*: 19.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARKW ARK Next Generation Internet ETF	$8.60M	$12.21M	$13.95M
ETON Eton Pharmaceuticals Inc	$26.85M	$22.65M	$16.80M

ETON vs. ARKW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ETON Eton Pharmaceuticals Inc	174.51%	26.95%	204.11%	55.32%	-34.27%	-47.23%	12.92%	17.65%	-4.23%
ARKW ARK Next Generation Internet ETF	-7.37%	38.93%	42.27%	96.89%	-67.49%	-18.85%	157.44%	35.76%	-6.68%

Correlation

The correlation between ETON and ARKW is 0.15, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.15
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (5Y) Shows whether the relationship held over a longer period.	0.29
Correlation (All Time) Calculated using the full available price history since Nov 13, 2018	0.28

The correlation between ETON and ARKW shifts across timeframes, from 0.15 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ETON vs. ARKW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETON

ETON Risk / Return Rank: 97
ETON Sharpe Ratio Rank: 99
ETON Sortino Ratio Rank: 97
ETON Omega Ratio Rank: 97
ETON Calmar Ratio Rank: 97
ETON Martin Ratio Rank: 94

ARKW

ARKW Risk / Return Rank: 7
ARKW Sharpe Ratio Rank: 6
ARKW Sortino Ratio Rank: 7
ARKW Omega Ratio Rank: 6
ARKW Calmar Ratio Rank: 7
ARKW Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETON vs. ARKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eton Pharmaceuticals Inc (ETON) and ARK Next Generation Internet ETF (ARKW). 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.

	ETON	ARKW	Difference
Sharpe ratio: Return per unit of total volatility	4.12	-0.36	+4.48
Sortino ratio: Return per unit of downside risk	4.20	-0.29	+4.50
Omega ratio: Gain probability vs. loss probability	1.55	0.97	+0.58
Calmar ratio: Return relative to maximum drawdown	6.34	-0.33	+6.68
Martin ratio: Return relative to average drawdown	13.13	-0.62	+13.75

ETON vs. ARKW - Sharpe Ratio Comparison

The current ETON Sharpe Ratio is 4.12, which is higher than the ARKW Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of ETON and ARKW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETON vs. ARKW - Drawdown Comparison

The maximum ETON drawdown since its inception was -79.94%, roughly equal to the maximum ARKW drawdown of -80.52%. Use the drawdown chart below to compare losses from any high point for ETON and ARKW.

Drawdown Indicators

	ETON	ARKW	Difference
Max Drawdown Largest peak-to-trough decline	-79.94%	-80.52%	+0.58%
Max Drawdown (1Y) Largest decline over 1 year	-36.17%	-36.21%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-45.65%	-36.21%	-9.44%
Max Drawdown (5Y) Largest decline over 5 years	-69.35%	-77.36%	+8.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.52%	—
Current Drawdown Current decline from peak	-5.32%	-25.76%	+20.44%
Average Drawdown Average peak-to-trough decline	-36.98%	-23.95%	-13.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.44%	19.34%	-1.90%

Volatility

ETON vs. ARKW - Volatility Comparison

Eton Pharmaceuticals Inc (ETON) has a higher volatility of 20.28% compared to ARK Next Generation Internet ETF (ARKW) at 8.84%. This indicates that ETON's price experiences larger fluctuations and is considered to be riskier than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETON	ARKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.28%	8.84%	+11.44%
Volatility (6M) Calculated over the trailing 6-month period	43.44%	25.86%	+17.58%
Volatility (1Y) Calculated over the trailing 1-year period	55.80%	33.57%	+22.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.59%	43.76%	+19.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.81%	37.82%	+25.99%

Dividends

ETON vs. ARKW - Dividend Comparison

ETON has not paid dividends to shareholders, while ARKW's dividend yield for the trailing twelve months is around 1.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKW ARK Next Generation Internet ETF	1.72%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%
ETON Eton Pharmaceuticals Inc	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

Can I hold both ETON and ARKW in my portfolio?

ETON and ARKW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETON or ARKW?

ETON has higher volatility (20.28%) compared to ARKW (8.84%). In terms of maximum drawdown, ETON dropped -79.94% vs ARKW's -80.52%.

Which has better risk-adjusted returns?

ETON currently has the higher Sharpe Ratio (4.12 vs -0.36), 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.