ITEK.L vs. ARKK
Compare and contrast key facts about HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK.L) and ARK Innovation ETF (ARKK).
ITEK.L and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITEK.L is a passively managed fund by HANetf that tracks the performance of the Solactive Innovative Technologies Index. It was launched on May 10, 2018. 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: ITEK.L or ARKK.
Key characteristics
| ITEK.L | ARKK | |
|---|---|---|
| YTD Return | -7.72% | -16.17% |
| 1Y Return | 19.46% | 23.27% |
| 3Y Return (Ann) | -9.04% | -28.84% |
| 5Y Return (Ann) | 7.48% | -0.93% |
| Sharpe Ratio | 0.80 | 0.52 |
| Daily Std Dev | 24.30% | 36.72% |
| Max Drawdown | -54.15% | -80.91% |
| Current Drawdown | -34.61% | -71.50% |
Correlation
The correlation between ITEK.L and ARKK is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ITEK.L vs. ARKK - Performance Comparison
In the year-to-date period, ITEK.L achieves a -7.72% return, which is significantly higher than ARKK's -16.17% 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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ITEK.L vs. ARKK - Expense Ratio Comparison
ITEK.L has a 0.59% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
ITEK.L vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK.L) 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
ITEK.L vs. ARKK - Dividend Comparison
Neither ITEK.L nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITEK.L HAN-GINS Tech Megatrend Equal Weight UCITS ETF | 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
ITEK.L vs. ARKK - Drawdown Comparison
The maximum ITEK.L drawdown since its inception was -54.15%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ITEK.L and ARKK. For additional features, visit the drawdowns tool.
Volatility
ITEK.L vs. ARKK - Volatility Comparison
The current volatility for HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK.L) is 6.37%, while ARK Innovation ETF (ARKK) has a volatility of 8.79%. This indicates that ITEK.L 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.