Correlation
The correlation between HE and ARKG is 0.30, 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.
HE vs. ARKG
Compare and contrast key facts about Hawaiian Electric Industries, Inc. (HE) and ARK Genomic Revolution Multi-Sector ETF (ARKG).
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: HE or ARKG.
Performance
HE vs. ARKG - Performance Comparison
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Key characteristics
HE:
0.00
ARKG:
-0.34
HE:
0.63
ARKG:
-0.30
HE:
1.08
ARKG:
0.97
HE:
0.03
ARKG:
-0.22
HE:
0.07
ARKG:
-1.18
HE:
36.92%
ARKG:
15.76%
HE:
69.99%
ARKG:
46.59%
HE:
-83.34%
ARKG:
-83.59%
HE:
-77.01%
ARKG:
-81.28%
Returns By Period
In the year-to-date period, HE achieves a 9.76% return, which is significantly higher than ARKG's -11.15% return. Over the past 10 years, HE has underperformed ARKG with an annualized return of -7.25%, while ARKG has yielded a comparatively higher -0.28% annualized return.
HE
9.76%
1.71%
2.79%
0.28%
-35.95%
-20.99%
-7.25%
ARKG
-11.15%
-4.87%
-19.48%
-15.88%
-13.44%
-14.46%
-0.28%
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Risk-Adjusted Performance
HE vs. ARKG — Risk-Adjusted Performance Rank
HE
ARKG
HE vs. ARKG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hawaiian Electric Industries, Inc. (HE) 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.
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Dividends
HE vs. ARKG - Dividend Comparison
Neither HE nor ARKG has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HE Hawaiian Electric Industries, Inc. | 0.00% | 0.00% | 7.61% | 3.35% | 3.28% | 3.73% | 2.73% | 3.39% | 3.43% | 3.75% | 4.28% | 3.70% |
ARKG ARK Genomic Revolution Multi-Sector ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.62% | 0.85% | 3.14% | 1.94% | 1.34% | 0.00% | 0.00% | 0.00% |
Drawdowns
HE vs. ARKG - Drawdown Comparison
The maximum HE drawdown since its inception was -83.34%, roughly equal to the maximum ARKG drawdown of -83.59%. Use the drawdown chart below to compare losses from any high point for HE and ARKG.
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Volatility
HE vs. ARKG - Volatility Comparison
The current volatility for Hawaiian Electric Industries, Inc. (HE) is 8.80%, while ARK Genomic Revolution Multi-Sector ETF (ARKG) has a volatility of 14.53%. This indicates that HE 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.
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