RIVN vs. ARKX
RIVN (Rivian Automotive, Inc.) is a stock, while ARKX (ARK Space Exploration & Innovation ETF) is Aerospace & Defense fund actively managed by ARK. Over the past 3 years, RIVN returned 8.06%/yr vs 36.41%/yr for ARKX. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
RIVN vs. ARKX - Performance Comparison
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Returns By Period
In the year-to-date period, RIVN achieves a -7.31% return, which is significantly lower than ARKX's 23.67% return.
RIVN
- 1D
- 5.67%
- 1M
- 25.91%
- YTD
- -7.31%
- 6M
- 4.22%
- 1Y
- 27.14%
- 3Y*
- 8.06%
- 5Y*
- —
- 10Y*
- —
ARKX
- 1D
- -2.24%
- 1M
- 10.24%
- YTD
- 23.67%
- 6M
- 28.83%
- 1Y
- 69.46%
- 3Y*
- 36.41%
- 5Y*
- 11.53%
- 10Y*
- —
RIVN vs. ARKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RIVN Rivian Automotive, Inc. | -7.31% | 48.20% | -43.31% | 27.29% | -82.23% | 2.94% |
ARKX ARK Space Exploration & Innovation ETF | 23.67% | 48.46% | 26.67% | 24.37% | -34.27% | -8.67% |
Correlation
The correlation between RIVN and ARKX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2021 | 0.53 |
Over the past year, the correlation between RIVN and ARKX has dropped to 0.30 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
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Return for Risk
RIVN vs. ARKX — Risk / Return Rank
RIVN
ARKX
RIVN vs. ARKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rivian Automotive, Inc. (RIVN) 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.
| RIVN | ARKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.33 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.42 | -2.78 |
| Martin ratioReturn relative to average drawdown | 1.28 | 9.20 | -7.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RIVN | ARKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 2.15 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.43 | -0.83 |
Drawdowns
RIVN vs. ARKX - Drawdown Comparison
The maximum RIVN drawdown since its inception was -95.12%, which is greater than ARKX's maximum drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for RIVN and ARKX.
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Drawdown Indicators
| RIVN | ARKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.12% | -43.61% | -51.51% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -20.42% | -22.12% |
Max Drawdown (3Y)Largest decline over 3 years | -69.61% | -25.47% | -44.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.61% | — |
Current DrawdownCurrent decline from peak | -89.38% | -5.03% | -84.35% |
Average DrawdownAverage peak-to-trough decline | -86.37% | -19.99% | -66.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.31% | 7.57% | +13.74% |
Volatility
RIVN vs. ARKX - Volatility Comparison
Rivian Automotive, Inc. (RIVN) has a higher volatility of 14.60% compared to ARK Space Exploration & Innovation ETF (ARKX) at 11.01%. This indicates that RIVN's price experiences larger fluctuations and is considered to be riskier than ARKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RIVN | ARKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.60% | 11.01% | +3.59% |
Volatility (6M)Calculated over the trailing 6-month period | 47.04% | 25.01% | +22.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.49% | 32.49% | +31.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.39% | 27.72% | +49.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.39% | 27.42% | +49.97% |
Dividends
RIVN vs. ARKX - Dividend Comparison
Neither RIVN nor ARKX has paid dividends to shareholders.
Frequently Asked Questions
RIVN and ARKX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIVN has higher volatility (14.60%) compared to ARKX (11.01%). In terms of maximum drawdown, RIVN dropped -95.12% vs ARKX's -43.61%.
ARKX currently has the higher Sharpe Ratio (2.15 vs 0.43), 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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