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 13.04%/yr vs 22.42%/yr for ARKK. Their correlation of 0.95 suggests significant overlap in exposure. OARK charges 0.99%/yr vs 0.75%/yr for ARKK.
Performance
OARK vs. ARKK - Performance Comparison
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Returns By Period
In the year-to-date period, OARK achieves a 3.98% return, which is significantly higher than ARKK's -0.31% return.
OARK
- 1D
- -1.92%
- 1M
- -0.93%
- YTD
- 3.98%
- 6M
- 0.77%
- 1Y
- 16.90%
- 3Y*
- 13.04%
- 5Y*
- —
- 10Y*
- —
ARKK
- 1D
- -2.23%
- 1M
- 0.37%
- YTD
- -0.31%
- 6M
- -4.76%
- 1Y
- 11.37%
- 3Y*
- 22.42%
- 5Y*
- -9.10%
- 10Y*
- 15.90%
OARK vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OARK YieldMax Innovation Option Income Strategy ETF | 3.98% | 20.37% | 7.32% | 20.12% | -9.11% |
ARKK ARK Innovation ETF | -0.31% | 35.49% | 8.40% | 69.04% | -11.53% |
Correlation
The correlation between OARK and ARKK is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
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.
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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 | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 0.36 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.70 | 0.78 | +0.92 |
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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.
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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 | — | -77.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.97% | — |
Current DrawdownCurrent decline from peak | -8.62% | -50.35% | +41.73% |
Average DrawdownAverage peak-to-trough decline | -10.54% | -30.20% | +19.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.96% | 14.57% | -4.61% |
Volatility
OARK vs. ARKK - Volatility Comparison
The current volatility for YieldMax Innovation Option Income Strategy ETF (OARK) is 9.68%, while ARK Innovation ETF (ARKK) has a volatility of 12.53%. 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.
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Volatility by Period
| OARK | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 12.53% | -2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 21.07% | 26.71% | -5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.55% | 36.20% | -7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.95% | 46.46% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.95% | 40.40% | -9.45% |
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 63.14%, 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 | 63.14% | 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 (12.53%) compared to OARK (9.68%). In terms of maximum drawdown, OARK dropped -35.48% vs ARKK's -80.97%.
On 3-year performance, ARKK leads with 22.42% vs 13.04% for OARK. On fees, ARKK is cheaper at 0.75% per year. On volatility, OARK has been the lower-risk option at 9.68%. 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 22.42% return vs 13.04%. 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 63.14%, 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 (0.59 vs 0.32), 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.
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