GNOM vs. ARKG
Compare and contrast key facts about Global X Genomics & Biotechnology ETF (GNOM) and ARK Genomic Revolution Multi-Sector ETF (ARKG).
GNOM and ARKG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNOM is a passively managed fund by Global X that tracks the performance of the Solactive Genomics Index. It was launched on Apr 5, 2019. 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: GNOM or ARKG.
Key characteristics
| GNOM | ARKG | |
|---|---|---|
| YTD Return | -15.21% | -29.35% |
| 1Y Return | -18.62% | -19.65% |
| 3Y Return (Ann) | -25.36% | -36.78% |
| 5Y Return (Ann) | -7.53% | -6.25% |
| Sharpe Ratio | -0.63 | -0.48 |
| Daily Std Dev | 29.12% | 39.99% |
| Max Drawdown | -68.54% | -80.10% |
| Current Drawdown | -64.85% | -79.26% |
Correlation
The correlation between GNOM and ARKG is 0.90, 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
GNOM vs. ARKG - Performance Comparison
In the year-to-date period, GNOM achieves a -15.21% return, which is significantly higher than ARKG's -29.35% 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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GNOM vs. ARKG - Expense Ratio Comparison
GNOM has a 0.50% expense ratio, which is lower than ARKG's 0.75% expense ratio.
Risk-Adjusted Performance
GNOM vs. ARKG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Genomics & Biotechnology ETF (GNOM) 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
GNOM vs. ARKG - Dividend Comparison
Neither GNOM nor ARKG has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
GNOM Global X Genomics & Biotechnology ETF | 0.00% | 0.00% | 0.00% | 0.03% | 0.14% | 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
GNOM vs. ARKG - Drawdown Comparison
The maximum GNOM drawdown since its inception was -68.54%, smaller than the maximum ARKG drawdown of -80.10%. Use the drawdown chart below to compare losses from any high point for GNOM and ARKG. For additional features, visit the drawdowns tool.
Volatility
GNOM vs. ARKG - Volatility Comparison
The current volatility for Global X Genomics & Biotechnology ETF (GNOM) is 8.28%, while ARK Genomic Revolution Multi-Sector ETF (ARKG) has a volatility of 10.12%. This indicates that GNOM 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.