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POTX vs. ARKK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between POTX and ARKK is 0.54, 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.


-0.50.00.51.00.5

Performance

POTX vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Cannabis ETF (POTX) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember0
40.68%
POTX
ARKK

Key characteristics

Returns By Period


POTX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

ARKK

YTD

16.40%

1M

8.45%

6M

40.69%

1Y

15.00%

5Y*

4.08%

10Y*

12.68%

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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.


ARKK
ARK Innovation ETF
Expense ratio chart for ARKK: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%
Expense ratio chart for POTX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%

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.


Sharpe ratio
The chart of Sharpe ratio for POTX, currently valued at -0.84, compared to the broader market0.002.004.00-0.840.42
The chart of Sortino ratio for POTX, currently valued at -1.04, compared to the broader market-2.000.002.004.006.008.0010.00-1.040.81
The chart of Omega ratio for POTX, currently valued at 0.70, compared to the broader market0.501.001.502.002.503.000.701.10
The chart of Calmar ratio for POTX, currently valued at -0.09, compared to the broader market0.005.0010.0015.00-0.090.20
The chart of Martin ratio for POTX, currently valued at -0.67, compared to the broader market0.0020.0040.0060.0080.00100.00-0.671.04
POTX
ARKK


Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.84
0.42
POTX
ARKK

Dividends

POTX vs. ARKK - Dividend Comparison

Neither POTX nor ARKK has paid dividends to shareholders.


TTM202320222021202020192018201720162015
POTX
Global X Cannabis ETF
103.82%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


-100.00%-90.00%-80.00%-70.00%-60.00%JulyAugustSeptemberOctoberNovemberDecember
-96.64%
-60.42%
POTX
ARKK

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 11.55%. 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.


0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember0
11.55%
POTX
ARKK
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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