NGD vs. ARKW

Last updated Jun 13, 2026

NGD (New Gold Inc.) is a stock, while ARKW (ARK Next Generation Internet ETF) is Mid Cap Growth Equities fund actively managed by ARK. At a 0.13 correlation, their price movements are largely independent.

Performance

NGD vs. ARKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in New Gold Inc. (NGD) and ARK Next Generation Internet ETF (ARKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKW

• 1D: 0.87%
• 1M: -3.08%
• YTD: -4.37%
• 6M: -7.45%
• 1Y: 10.46%
• 3Y*: 36.42%
• 5Y*: 0.46%
• 10Y*: 22.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NGD vs. ARKW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%
ARKW ARK Next Generation Internet ETF	-4.37%	38.93%	42.27%	96.89%	-67.49%	-18.85%	157.44%	35.76%	4.24%	87.29%

Correlation

The correlation between NGD and ARKW is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014	0.13

Return for Risk

NGD vs. ARKW — Risk / Return Rank

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

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ARKW

ARKW Risk / Return Rank: 14
ARKW Sharpe Ratio Rank: 15
ARKW Sortino Ratio Rank: 15
ARKW Omega Ratio Rank: 15
ARKW Calmar Ratio Rank: 13
ARKW Martin Ratio Rank: 12

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.

NGD vs. ARKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for New Gold Inc. (NGD) and ARK Next Generation Internet ETF (ARKW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NGD	ARKW	Difference
Sharpe ratio: Return per unit of total volatility	—	0.32	—
Sortino ratio: Return per unit of downside risk	—	0.65	—
Omega ratio: Gain probability vs. loss probability	—	1.08	—
Calmar ratio: Return relative to maximum drawdown	—	0.29	—
Martin ratio: Return relative to average drawdown	—	0.59	—

Drawdowns

Drawdown Indicators

	NGD	ARKW	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.52%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-36.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.52%	—
Current Drawdown Current decline from peak	—	-23.35%	—
Average Drawdown Average peak-to-trough decline	—	-23.97%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.89%	—

Volatility

Volatility by Period

	NGD	ARKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.92%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	43.59%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	37.73%	—

Dividends

NGD vs. ARKW - Dividend Comparison

NGD has not paid dividends to shareholders, while ARKW's dividend yield for the trailing twelve months is around 1.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKW ARK Next Generation Internet ETF	1.66%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%
NGD New Gold 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 NGD and ARKW in my portfolio?

NGD and ARKW have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.