ROKT vs. ARKK
Compare and contrast key facts about SPDR S&P Kensho Final Frontiers ETF (ROKT) and ARK Innovation ETF (ARKK).
ROKT and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ROKT is a passively managed fund by State Street that tracks the performance of the S&P Kensho Final Frontiers Index. It was launched on Oct 22, 2018. 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: ROKT or ARKK.
Key characteristics
| ROKT | ARKK | |
|---|---|---|
| YTD Return | 24.87% | 10.46% |
| 1Y Return | 39.76% | 45.61% |
| 3Y Return (Ann) | 11.11% | -20.92% |
| 5Y Return (Ann) | 10.39% | 5.30% |
| Sharpe Ratio | 2.51 | 1.34 |
| Sortino Ratio | 3.44 | 1.90 |
| Omega Ratio | 1.44 | 1.23 |
| Calmar Ratio | 4.24 | 0.65 |
| Martin Ratio | 13.88 | 3.34 |
| Ulcer Index | 2.98% | 14.36% |
| Daily Std Dev | 16.50% | 35.94% |
| Max Drawdown | -43.16% | -80.91% |
| Current Drawdown | 0.00% | -62.44% |
Correlation
The correlation between ROKT and ARKK is 0.59, 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
ROKT vs. ARKK - Performance Comparison
In the year-to-date period, ROKT achieves a 24.87% return, which is significantly higher than ARKK's 10.46% 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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ROKT vs. ARKK - Expense Ratio Comparison
ROKT has a 0.45% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
ROKT vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Final Frontiers ETF (ROKT) 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
ROKT vs. ARKK - Dividend Comparison
ROKT's dividend yield for the trailing twelve months is around 0.55%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROKT SPDR S&P Kensho Final Frontiers ETF | 0.55% | 0.62% | 0.54% | 1.79% | 0.48% | 0.74% | 0.16% | 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
ROKT vs. ARKK - Drawdown Comparison
The maximum ROKT drawdown since its inception was -43.16%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ROKT and ARKK. For additional features, visit the drawdowns tool.
Volatility
ROKT vs. ARKK - Volatility Comparison
The current volatility for SPDR S&P Kensho Final Frontiers ETF (ROKT) is 6.35%, while ARK Innovation ETF (ARKK) has a volatility of 13.21%. This indicates that ROKT 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.