POTX vs. ARKK
Compare and contrast key facts about Global X Cannabis ETF (POTX) and ARK Innovation ETF (ARKK).
POTX and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. POTX is a passively managed fund by Global X that tracks the performance of the Cannabis Index. It was launched on Sep 17, 2019. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: POTX or ARKK.
Key characteristics
| POTX | ARKK |
|---|
Correlation
The correlation between POTX and ARKK is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
POTX vs. ARKK - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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POTX vs. ARKK - Expense Ratio Comparison
POTX has a 0.51% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
POTX vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Cannabis ETF (POTX) 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.
Dividends
POTX vs. ARKK - Dividend Comparison
Neither POTX nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
POTX Global X Cannabis ETF | 107.82% | 6.37% | 3.27% | 4.28% | 5.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
POTX vs. ARKK - Drawdown Comparison
Volatility
POTX vs. ARKK - Volatility Comparison
The current volatility for Global X Cannabis ETF (POTX) is 0.00%, while ARK Innovation ETF (ARKK) has a volatility of 9.39%. This indicates that POTX 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.