OARK vs. ARKF
Compare and contrast key facts about YieldMax Innovation Option Income Strategy ETF (OARK) and ARK Fintech Innovation ETF (ARKF).
OARK and ARKF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022. ARKF is an actively managed fund by ARK Investment Management. It was launched on Feb 4, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARK or ARKF.
Performance
OARK vs. ARKF - Performance Comparison
Returns By Period
In the year-to-date period, OARK achieves a 4.41% return, which is significantly lower than ARKF's 36.80% return.
OARK
4.41%
4.75%
11.32%
22.61%
N/A
N/A
ARKF
36.80%
18.28%
32.43%
72.76%
10.55%
N/A
Key characteristics
| OARK | ARKF | |
|---|---|---|
| Sharpe Ratio | 0.89 | 2.56 |
| Sortino Ratio | 1.31 | 3.19 |
| Omega Ratio | 1.17 | 1.40 |
| Calmar Ratio | 1.10 | 1.15 |
| Martin Ratio | 2.76 | 10.28 |
| Ulcer Index | 8.65% | 7.36% |
| Daily Std Dev | 26.92% | 29.55% |
| Max Drawdown | -27.24% | -78.63% |
| Current Drawdown | -4.49% | -40.68% |
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OARK vs. ARKF - Expense Ratio Comparison
OARK has a 0.99% expense ratio, which is higher than ARKF's 0.75% expense ratio.
Correlation
The correlation between OARK and ARKF is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
OARK vs. ARKF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) and ARK Fintech Innovation ETF (ARKF). 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
OARK vs. ARKF - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 40.47%, while ARKF has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 40.47% | 45.04% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKF ARK Fintech Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.37% | 1.25% |
Drawdowns
OARK vs. ARKF - Drawdown Comparison
The maximum OARK drawdown since its inception was -27.24%, smaller than the maximum ARKF drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for OARK and ARKF. For additional features, visit the drawdowns tool.
Volatility
OARK vs. ARKF - Volatility Comparison
YieldMax Innovation Option Income Strategy ETF (OARK) and ARK Fintech Innovation ETF (ARKF) have volatilities of 11.09% and 11.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.