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.
Key characteristics
| HE | ARKG | |
|---|---|---|
| YTD Return | -28.54% | -26.27% |
| 1Y Return | -72.70% | -16.18% |
| 3Y Return (Ann) | -36.23% | -34.50% |
| 5Y Return (Ann) | -22.08% | -5.44% |
| Sharpe Ratio | -0.86 | -0.36 |
| Daily Std Dev | 84.20% | 40.16% |
| Max Drawdown | -79.51% | -80.10% |
| Current Drawdown | -78.17% | -78.36% |
Correlation
The correlation between HE and ARKG is 0.15, 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
HE vs. ARKG - Performance Comparison
In the year-to-date period, HE achieves a -28.54% return, which is significantly lower than ARKG's -26.27% 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
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.
Dividends
HE vs. ARKG - Dividend Comparison
HE's dividend yield for the trailing twelve months is around 7.10%, while ARKG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HE Hawaiian Electric Industries, Inc. | 7.10% | 7.61% | 3.35% | 3.28% | 3.73% | 2.73% | 3.39% | 3.43% | 3.75% | 4.28% | 3.70% | 4.76% |
ARKG ARK Genomic Revolution Multi-Sector ETF | 0.00% | 0.00% | 0.00% | 0.62% | 0.85% | 3.14% | 1.94% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HE vs. ARKG - Drawdown Comparison
The maximum HE drawdown since its inception was -79.51%, roughly equal to the maximum ARKG drawdown of -80.10%. Use the drawdown chart below to compare losses from any high point for HE and ARKG. For additional features, visit the drawdowns tool.
Volatility
HE vs. ARKG - Volatility Comparison
Hawaiian Electric Industries, Inc. (HE) has a higher volatility of 17.36% compared to ARK Genomic Revolution Multi-Sector ETF (ARKG) at 10.91%. This indicates that HE's price experiences larger fluctuations and is considered to be riskier than ARKG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.