GOOG.NEO vs. ARKK

Last updated Jun 5, 2026

GOOG.NEO (Alphabet Inc CDR) is a stock, while ARKK (ARK Innovation ETF) is Technology Equities fund actively managed by ARK. Over the past 3 years, GOOG.NEO returned 40.63%/yr vs 22.32%/yr for ARKK. At a 0.49 correlation, their price movements are largely independent.

Performance

GOOG.NEO vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Alphabet Inc CDR (GOOG.NEO) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GOOG.NEO is traded in CAD, while ARKK is traded in USD. To make them comparable, the ARKK values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GOOG.NEO achieves a 16.65% return, which is significantly higher than ARKK's -1.63% return.

GOOG.NEO

• 1D: 3.57%
• 1M: -6.70%
• YTD: 16.65%
• 6M: 13.45%
• 1Y: 112.96%
• 3Y*: 40.63%
• 5Y*: —
• 10Y*: —

ARKK

• 1D: -6.77%
• 1M: -4.31%
• YTD: -1.63%
• 6M: -8.25%
• 1Y: 34.72%
• 3Y*: 22.32%
• 5Y*: -4.45%
• 10Y*: 16.03%

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

GOOG.NEO vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GOOG.NEO Alphabet Inc CDR	16.65%	61.26%	33.74%	56.62%	-39.75%	4.65%
ARKK ARK Innovation ETF	-1.63%	29.28%	17.71%	65.31%	-64.62%	-20.70%

Correlation

The correlation between GOOG.NEO and ARKK is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021	0.49

The correlation between GOOG.NEO and ARKK shifts across timeframes, from 0.36 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GOOG.NEO vs. ARKK — Risk / Return Rank

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

GOOG.NEO

GOOG.NEO Risk / Return Rank: 96
GOOG.NEO Sharpe Ratio Rank: 97
GOOG.NEO Sortino Ratio Rank: 98
GOOG.NEO Omega Ratio Rank: 96
GOOG.NEO Calmar Ratio Rank: 92
GOOG.NEO Martin Ratio Rank: 95

ARKK

ARKK Risk / Return Rank: 24
ARKK Sharpe Ratio Rank: 25
ARKK Sortino Ratio Rank: 26
ARKK Omega Ratio Rank: 24
ARKK Calmar Ratio Rank: 23
ARKK Martin Ratio Rank: 20

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.

GOOG.NEO vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc CDR (GOOG.NEO) 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.

	GOOG.NEO	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	3.97	0.96	+3.00
Sortino ratio: Return per unit of downside risk	5.35	1.49	+3.86
Omega ratio: Gain probability vs. loss probability	1.63	1.17	+0.46
Calmar ratio: Return relative to maximum drawdown	5.44	1.11	+4.33
Martin ratio: Return relative to average drawdown	19.25	2.34	+16.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOG.NEO vs. ARKK - Sharpe Ratio Comparison

The current GOOG.NEO Sharpe Ratio is 3.97, which is higher than the ARKK Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of GOOG.NEO and ARKK, 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

	GOOG.NEO	ARKK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.97	0.96	+3.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.41	+0.26

Drawdowns

GOOG.NEO vs. ARKK - Drawdown Comparison

The maximum GOOG.NEO drawdown since its inception was -45.34%, smaller than the maximum ARKK drawdown of -79.62%. Use the drawdown chart below to compare losses from any high point for GOOG.NEO and ARKK.

Drawdown Indicators

	GOOG.NEO	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-45.34%	-79.62%	+34.28%
Max Drawdown (1Y) Largest decline over 1 year	-21.01%	-31.49%	+10.48%
Max Drawdown (3Y) Largest decline over 3 years	-29.58%	-39.19%	+9.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-75.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-79.62%	—
Current Drawdown Current decline from peak	-7.53%	-47.02%	+39.49%
Average Drawdown Average peak-to-trough decline	-14.10%	-29.15%	+15.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.93%	14.89%	-8.96%

Volatility

GOOG.NEO vs. ARKK - Volatility Comparison

The current volatility for Alphabet Inc CDR (GOOG.NEO) is 9.04%, while ARK Innovation ETF (ARKK) has a volatility of 10.91%. This indicates that GOOG.NEO 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.

Volatility by Period

	GOOG.NEO	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.04%	10.91%	-1.87%
Volatility (6M) Calculated over the trailing 6-month period	20.44%	25.34%	-4.90%
Volatility (1Y) Calculated over the trailing 1-year period	28.82%	36.33%	-7.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.45%	44.61%	-13.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.45%	38.66%	-7.21%

Dividends

GOOG.NEO vs. ARKK - Dividend Comparison

GOOG.NEO's dividend yield for the trailing twelve months is around 0.32%, while ARKK has not 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%
GOOG.NEO Alphabet Inc CDR	0.32%	0.37%	0.44%	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 GOOG.NEO and ARKK in my portfolio?

GOOG.NEO and ARKK have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.