QRFT vs. ARKK
Compare and contrast key facts about QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) and ARK Innovation ETF (ARKK).
QRFT and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QRFT is an actively managed fund by Exchange Traded Concepts. It was launched on May 21, 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: QRFT or ARKK.
Key characteristics
| QRFT | ARKK | |
|---|---|---|
| YTD Return | 11.51% | -12.60% |
| 1Y Return | 29.16% | 22.68% |
| 3Y Return (Ann) | 8.74% | -23.62% |
| Sharpe Ratio | 2.26 | 0.54 |
| Daily Std Dev | 12.43% | 36.68% |
| Max Drawdown | -30.19% | -80.91% |
| Current Drawdown | 0.00% | -70.28% |
Correlation
The correlation between QRFT and ARKK is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QRFT vs. ARKK - Performance Comparison
In the year-to-date period, QRFT achieves a 11.51% return, which is significantly higher than ARKK's -12.60% return. 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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QRFT vs. ARKK - Expense Ratio Comparison
Both QRFT and ARKK have an expense ratio of 0.75%.
Risk-Adjusted Performance
QRFT vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) 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
QRFT vs. ARKK - Dividend Comparison
QRFT's dividend yield for the trailing twelve months is around 0.70%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
QRFT QRAFT AI Enhanced U.S. Large Cap ETF | 0.70% | 0.77% | 0.83% | 0.05% | 1.81% | 4.00% | 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
QRFT vs. ARKK - Drawdown Comparison
The maximum QRFT drawdown since its inception was -30.19%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for QRFT and ARKK. For additional features, visit the drawdowns tool.
Volatility
QRFT vs. ARKK - Volatility Comparison
The current volatility for QRAFT AI Enhanced U.S. Large Cap ETF (QRFT) is 3.92%, while ARK Innovation ETF (ARKK) has a volatility of 9.44%. This indicates that QRFT 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.