GRN.TO vs. ARKK
Compare and contrast key facts about Greenlane Renewables Inc. (GRN.TO) and ARK Innovation ETF (ARKK).
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: GRN.TO or ARKK.
Key characteristics
| GRN.TO | ARKK | |
|---|---|---|
| YTD Return | -34.62% | -13.82% |
| 1Y Return | -77.63% | 26.69% |
| 3Y Return (Ann) | -63.83% | -27.67% |
| 5Y Return (Ann) | -20.52% | 0.00% |
| Sharpe Ratio | -1.17 | 0.75 |
| Daily Std Dev | 67.10% | 36.65% |
| Max Drawdown | -97.03% | -80.91% |
| Current Drawdown | -97.03% | -70.70% |
Correlation
The correlation between GRN.TO and ARKK is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GRN.TO vs. ARKK - Performance Comparison
In the year-to-date period, GRN.TO achieves a -34.62% return, which is significantly lower than ARKK's -13.82% 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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Risk-Adjusted Performance
GRN.TO vs. ARKK - Risk-Adjusted Performance 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.
Dividends
GRN.TO vs. ARKK - Dividend Comparison
Neither GRN.TO nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
GRN.TO vs. ARKK - Drawdown Comparison
The maximum GRN.TO drawdown since its inception was -97.03%, which is greater than ARKK's maximum drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for GRN.TO and ARKK. For additional features, visit the drawdowns tool.
Volatility
GRN.TO vs. ARKK - Volatility Comparison
Greenlane Renewables Inc. (GRN.TO) has a higher volatility of 17.72% compared to ARK Innovation ETF (ARKK) at 9.39%. 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.