GINN vs. ARKK
Compare and contrast key facts about Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and ARK Innovation ETF (ARKK).
GINN and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GINN is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive Innovative Global Equity Index. It was launched on Nov 6, 2020. ARKK 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: GINN or ARKK.
Key characteristics
| GINN | ARKK | |
|---|---|---|
| YTD Return | 1.29% | -17.01% |
| 1Y Return | 17.84% | 22.61% |
| 3Y Return (Ann) | -2.97% | -28.54% |
| Sharpe Ratio | 1.15 | 0.60 |
| Daily Std Dev | 15.63% | 36.77% |
| Max Drawdown | -41.25% | -80.91% |
| Current Drawdown | -16.69% | -71.78% |
Correlation
The correlation between GINN and ARKK is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GINN vs. ARKK - Performance Comparison
In the year-to-date period, GINN achieves a 1.29% return, which is significantly higher than ARKK's -17.01% 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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GINN vs. ARKK - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
GINN vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) 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.
Dividends
GINN vs. ARKK - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 1.00%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 1.00% | 1.01% | 0.69% | 0.67% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
GINN vs. ARKK - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for GINN and ARKK. For additional features, visit the drawdowns tool.
Volatility
GINN vs. ARKK - Volatility Comparison
The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 5.18%, while ARK Innovation ETF (ARKK) has a volatility of 9.89%. This indicates that GINN experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.