OARK vs. ARKK
OARK (YieldMax Innovation Option Income Strategy ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - OARK is a Options Trading fund actively managed by YieldMax, while ARKK is a Technology Equities fund actively managed by ARK. Both are actively managed. Over the past 3 years, OARK returned 6.51%/yr vs 13.25%/yr for ARKK. Their correlation of 0.95 means they have usually moved in the same direction. OARK charges 0.99%/yr vs 0.75%/yr for ARKK.
Performance
OARK vs. ARKK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OARK achieves a -1.90% return, which is significantly higher than ARKK's -7.38% return.
OARK
- 1D
- -1.28%
- 1M
- -9.23%
- 6M
- 0.86%
- YTD
- -1.90%
- 1Y
- 5.61%
- 3Y*
- 6.51%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 9.21%
ARKK
- 1D
- -2.28%
- 1M
- -12.32%
- 6M
- -4.85%
- YTD
- -7.38%
- 1Y
- 0.11%
- 3Y*
- 13.25%
- 5Y*
- -9.65%
- 10Y*
- 14.31%
- ALL TIME*
- 12.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $356.24M | $389.65M | $523.48M | |
| $333.80K | $304.17K | $359.55K |
OARK vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | -1.90% | 20.37% | 7.32% | 20.12% | -9.11% |
ARKK ARK Innovation ETF | -7.38% | 35.49% | 8.40% | 69.04% | -11.53% |
Correlation
The correlation between OARK and ARKK is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.95 |
The correlation between OARK and ARKK has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OARK vs. ARKK — Risk / Return Rank
OARK
ARKK
OARK vs. ARKK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Innovation Option Income Strategy ETF (OARK) 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.
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.
| OARK | ARKK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | -0.17 | +0.18 |
| Martin ratioReturn relative to average drawdown | 0.02 | -0.35 | +0.37 |
Loading charts...
Drawdowns
OARK vs. ARKK - Drawdown Comparison
The maximum OARK drawdown since its inception was -35.48%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for OARK and ARKK.
Loading charts...
Drawdown Indicators
| OARK | ARKK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.48% | -80.97% | +45.49% |
Max Drawdown (1Y)Largest decline over 1 year | -23.26% | -31.35% | +8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -35.48% | -39.56% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.97% | — |
Current DrawdownCurrent decline from peak | -13.79% | -53.87% | +40.08% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -30.38% | +19.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.37% | 15.57% | -5.20% |
Volatility
OARK vs. ARKK - Volatility Comparison
The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 8.12%, while ARK Innovation ETF (ARKK) has a volatility of 10.19%. This indicates that OARK 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.
Loading charts...
Volatility by Period
| OARK | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 10.19% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 27.72% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.11% | 36.83% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.83% | 46.55% | -15.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.83% | 40.48% | -9.65% |
OARK vs. ARKK - Expense Ratio Comparison
OARK has a 0.99% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Dividends
OARK vs. ARKK - Dividend Comparison
OARK's dividend yield for the trailing twelve months is around 69.64%, while ARKK has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.70% | 0.00% | 0.55% | 1.64% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
OARK YieldMax Innovation Option Income Strategy ETF | 69.64% | 61.86% | 47.86% | 45.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, OARK and ARKK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ARKK has higher volatility (10.19%) compared to OARK (8.12%). In terms of maximum drawdown, OARK dropped -35.48% vs ARKK's -80.97%.
On 3-year performance, ARKK leads with 13.25% vs 6.51% for OARK. On fees, ARKK is cheaper at 0.75% per year. On volatility, OARK has been the lower-risk option at 8.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ARKK has performed better with a 13.25% return vs 6.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKK is cheaper with a 0.75% expense ratio, compared with 0.99% for OARK.
OARK has the higher dividend yield at 69.64%, compared with 0.00% for ARKK.
OARK is categorized as Options Trading, while ARKK is Technology Equities. They also come from different issuers: YieldMax and ARK. Their fees differ too: 0.99% for OARK and 0.75% for ARKK.
OARK currently has the higher Sharpe Ratio (0.01 vs -0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for OARK and ARKK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer