SHLS vs. ARKK

Last updated Jun 4, 2026

SHLS (Shoals Technologies Group, Inc.) is a stock, while ARKK (ARK Innovation ETF) is Technology Equities fund actively managed by ARK. Over the past 5 years, SHLS returned -14.25%/yr vs -6.26%/yr for ARKK. At a 0.46 correlation, their price movements are largely independent.

Performance

SHLS vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shoals Technologies Group, Inc. (SHLS) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SHLS achieves a 45.76% return, which is significantly higher than ARKK's 1.61% return.

SHLS

• 1D: -0.56%
• 1M: 49.82%
• YTD: 45.76%
• 6M: 62.81%
• 1Y: 154.41%
• 3Y*: -20.03%
• 5Y*: -14.25%
• 10Y*: —

ARKK

• 1D: -2.19%
• 1M: -0.09%
• YTD: 1.61%
• 6M: -3.21%
• 1Y: 34.90%
• 3Y*: 23.72%
• 5Y*: -6.26%
• 10Y*: 15.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHLS vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SHLS Shoals Technologies Group, Inc.	45.76%	53.71%	-64.41%	-37.01%	1.52%	-21.56%
ARKK ARK Innovation ETF	1.61%	35.49%	8.40%	69.04%	-66.97%	-31.25%

Correlation

The correlation between SHLS and ARKK is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021	0.46

Return for Risk

SHLS vs. ARKK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHLS

SHLS Risk / Return Rank: 83
SHLS Sharpe Ratio Rank: 86
SHLS Sortino Ratio Rank: 81
SHLS Omega Ratio Rank: 81
SHLS Calmar Ratio Rank: 84
SHLS Martin Ratio Rank: 82

ARKK

ARKK Risk / Return Rank: 24
ARKK Sharpe Ratio Rank: 26
ARKK Sortino Ratio Rank: 27
ARKK Omega Ratio Rank: 25
ARKK Calmar Ratio Rank: 24
ARKK Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHLS vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shoals Technologies Group, Inc. (SHLS) 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.

	SHLS	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	1.84	0.96	+0.88
Sortino ratio: Return per unit of downside risk	2.37	1.52	+0.85
Omega ratio: Gain probability vs. loss probability	1.31	1.17	+0.14
Calmar ratio: Return relative to maximum drawdown	3.28	1.12	+2.16
Martin ratio: Return relative to average drawdown	7.39	2.49	+4.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHLS vs. ARKK - Sharpe Ratio Comparison

The current SHLS Sharpe Ratio is 1.84, which is higher than the ARKK Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of SHLS and ARKK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SHLS	ARKK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	0.96	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	-0.14	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	0.35	-0.55

Drawdowns

SHLS vs. ARKK - Drawdown Comparison

The maximum SHLS drawdown since its inception was -93.00%, which is greater than ARKK's maximum drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for SHLS and ARKK.

Drawdown Indicators

	SHLS	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-93.00%	-80.97%	-12.03%
Max Drawdown (1Y) Largest decline over 1 year	-47.37%	-31.35%	-16.02%
Max Drawdown (3Y) Largest decline over 3 years	-89.56%	-39.56%	-50.00%
Max Drawdown (5Y) Largest decline over 5 years	-92.50%	-77.23%	-15.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.97%	—
Current Drawdown Current decline from peak	-69.16%	-49.39%	-19.77%
Average Drawdown Average peak-to-trough decline	-59.24%	-30.12%	-29.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.99%	14.06%	+6.93%

Volatility

SHLS vs. ARKK - Volatility Comparison

Shoals Technologies Group, Inc. (SHLS) has a higher volatility of 26.35% compared to ARK Innovation ETF (ARKK) at 9.45%. This indicates that SHLS's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHLS	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.35%	9.45%	+16.90%
Volatility (6M) Calculated over the trailing 6-month period	63.34%	25.08%	+38.26%
Volatility (1Y) Calculated over the trailing 1-year period	84.49%	36.37%	+48.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.34%	46.28%	+32.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.27%	40.26%	+38.01%

Dividends

SHLS vs. ARKK - Dividend Comparison

Neither SHLS nor ARKK has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
SHLS Shoals Technologies Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHLS and ARKK in my portfolio?

SHLS and ARKK have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHLS or ARKK?

SHLS has higher volatility (26.35%) compared to ARKK (9.45%). In terms of maximum drawdown, SHLS dropped -93.00% vs ARKK's -80.97%.

Which has better risk-adjusted returns?

SHLS currently has the higher Sharpe Ratio (1.84 vs 0.96), 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.