ORBX vs. ARKX
ORBX (Global X Space Tech ETF) and ARKX (ARK Space Exploration & Innovation ETF) are both Aerospace & Defense funds. ORBX is passively managed, while ARKX is actively managed. Their correlation of 0.87 suggests significant overlap in exposure. ORBX charges 0.50%/yr vs 0.75%/yr for ARKX.
Performance
ORBX vs. ARKX - Performance Comparison
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Returns By Period
ORBX
- 1D
- -2.53%
- 1M
- -27.90%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARKX
- 1D
- -1.68%
- 1M
- -7.40%
- YTD
- 13.18%
- 6M
- 8.86%
- 1Y
- 46.62%
- 3Y*
- 32.05%
- 5Y*
- 9.28%
- 10Y*
- —
ORBX vs. ARKX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ORBX Global X Space Tech ETF | -2.51% |
ARKX ARK Space Exploration & Innovation ETF | 1.20% |
Correlation
The correlation between ORBX and ARKX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 15, 2026 | 0.87 |
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Return for Risk
ORBX vs. ARKX — Risk / Return Rank
ORBX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ARKX
ORBX vs. ARKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Space Tech ETF (ORBX) and ARK Space Exploration & Innovation ETF (ARKX). 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.
| ORBX | ARKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 5.93 | — |
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Drawdowns
ORBX vs. ARKX - Drawdown Comparison
The maximum ORBX drawdown since its inception was -35.85%, smaller than the maximum ARKX drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for ORBX and ARKX.
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Drawdown Indicators
| ORBX | ARKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.85% | -43.61% | +7.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.42% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -35.85% | -13.09% | -22.76% |
Average DrawdownAverage peak-to-trough decline | -11.09% | -19.87% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.88% | — |
Volatility
ORBX vs. ARKX - Volatility Comparison
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Volatility by Period
| ORBX | ARKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 81.94% | 33.88% | +48.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.94% | 28.15% | +53.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.94% | 27.71% | +54.23% |
ORBX vs. ARKX - Expense Ratio Comparison
ORBX has a 0.50% expense ratio, which is lower than ARKX's 0.75% expense ratio.
Dividends
ORBX vs. ARKX - Dividend Comparison
Neither ORBX nor ARKX has paid dividends to shareholders.
Frequently Asked Questions
ORBX and ARKX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ORBX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ORBX is cheaper with a 0.50% expense ratio, compared with 0.75% for ARKX.
ORBX and ARKX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Global X and ARK. Their fees differ too: 0.50% for ORBX and 0.75% for ARKX.
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