GRN.TO vs. ARKK

Last updated Jun 5, 2026

GRN.TO (Greenlane Renewables Inc.) is a stock, while ARKK (ARK Innovation ETF) is Technology Equities fund actively managed by ARK. Over the past 5 years, GRN.TO returned -32.54%/yr vs -4.45%/yr for ARKK. At a 0.23 correlation, their price movements are largely independent.

Performance

GRN.TO vs. ARKK - Performance Comparison

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

Different Trading Currencies

GRN.TO 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, GRN.TO achieves a -2.17% return, which is significantly lower than ARKK's -1.63% return.

GRN.TO

• 1D: 0.00%
• 1M: -0.00%
• YTD: -2.17%
• 6M: -6.25%
• 1Y: 125.00%
• 3Y*: -4.71%
• 5Y*: -32.54%
• 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)

GRN.TO vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GRN.TO Greenlane Renewables Inc.	-2.17%	155.56%	-30.77%	-73.47%	-60.48%	168.40%	450.00%	40.00%
ARKK ARK Innovation ETF	-1.63%	29.28%	17.71%	65.31%	-64.62%	-24.29%	148.44%	12.62%

Correlation

The correlation between GRN.TO and ARKK is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019	0.23

The correlation between GRN.TO and ARKK shifts across timeframes, from 0.13 (3 years) to 0.23 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GRN.TO vs. ARKK — Risk / Return Rank

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

GRN.TO

GRN.TO Risk / Return Rank: 80
GRN.TO Sharpe Ratio Rank: 72
GRN.TO Sortino Ratio Rank: 84
GRN.TO Omega Ratio Rank: 83
GRN.TO Calmar Ratio Rank: 81
GRN.TO Martin Ratio Rank: 78

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.

GRN.TO vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Greenlane Renewables Inc. (GRN.TO) 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.

	GRN.TO	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	1.03	0.96	+0.06
Sortino ratio: Return per unit of downside risk	2.58	1.49	+1.08
Omega ratio: Gain probability vs. loss probability	1.33	1.17	+0.16
Calmar ratio: Return relative to maximum drawdown	2.92	1.11	+1.81
Martin ratio: Return relative to average drawdown	5.87	2.34	+3.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GRN.TO vs. ARKK - Sharpe Ratio Comparison

The current GRN.TO Sharpe Ratio is 1.03, which is comparable to the ARKK Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of GRN.TO 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

	GRN.TO	ARKK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.96	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	-0.10	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.41	-0.29

Drawdowns

GRN.TO vs. ARKK - Drawdown Comparison

The maximum GRN.TO drawdown since its inception was -96.72%, which is greater than ARKK's maximum drawdown of -79.62%. Use the drawdown chart below to compare losses from any high point for GRN.TO and ARKK.

Drawdown Indicators

	GRN.TO	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-96.72%	-79.62%	-17.10%
Max Drawdown (1Y) Largest decline over 1 year	-39.34%	-31.49%	-7.85%
Max Drawdown (3Y) Largest decline over 3 years	-79.31%	-39.19%	-40.12%
Max Drawdown (5Y) Largest decline over 5 years	-96.72%	-75.05%	-21.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-79.62%	—
Current Drawdown Current decline from peak	-87.70%	-47.02%	-40.68%
Average Drawdown Average peak-to-trough decline	-62.60%	-29.15%	-33.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.54%	14.89%	+4.65%

Volatility

GRN.TO vs. ARKK - Volatility Comparison

Greenlane Renewables Inc. (GRN.TO) has a higher volatility of 22.18% compared to ARK Innovation ETF (ARKK) at 10.91%. This indicates that GRN.TO's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRN.TO	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.18%	10.91%	+11.27%
Volatility (6M) Calculated over the trailing 6-month period	46.69%	25.34%	+21.35%
Volatility (1Y) Calculated over the trailing 1-year period	111.91%	36.33%	+75.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.34%	44.61%	+40.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	177.94%	38.66%	+139.28%

Dividends

GRN.TO vs. ARKK - Dividend Comparison

Neither GRN.TO nor ARKK has 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%
GRN.TO Greenlane Renewables 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 GRN.TO and ARKK in my portfolio?

GRN.TO and ARKK have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.