SMLV vs. ARKK
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and ARK Innovation ETF (ARKK).
SMLV and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. 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: SMLV or ARKK.
Performance
SMLV vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, SMLV achieves a 24.23% return, which is significantly higher than ARKK's 4.58% return. Over the past 10 years, SMLV has underperformed ARKK with an annualized return of 9.60%, while ARKK has yielded a comparatively higher 11.53% annualized return.
SMLV
24.23%
9.44%
27.14%
38.99%
9.92%
9.60%
ARKK
4.58%
16.16%
25.59%
23.58%
3.25%
11.53%
Key characteristics
| SMLV | ARKK | |
|---|---|---|
| Sharpe Ratio | 1.88 | 0.70 |
| Sortino Ratio | 2.91 | 1.18 |
| Omega Ratio | 1.36 | 1.14 |
| Calmar Ratio | 3.18 | 0.33 |
| Martin Ratio | 9.71 | 1.73 |
| Ulcer Index | 4.07% | 14.39% |
| Daily Std Dev | 21.03% | 35.54% |
| Max Drawdown | -42.45% | -80.91% |
| Current Drawdown | -1.91% | -64.44% |
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SMLV vs. ARKK - Expense Ratio Comparison
SMLV has a 0.12% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Correlation
The correlation between SMLV and ARKK is 0.51, 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.
Risk-Adjusted Performance
SMLV vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) 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
SMLV vs. ARKK - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 2.35%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.35% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
SMLV vs. ARKK - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for SMLV and ARKK. For additional features, visit the drawdowns tool.
Volatility
SMLV vs. ARKK - Volatility Comparison
The current volatility for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) is 10.54%, while ARK Innovation ETF (ARKK) has a volatility of 13.98%. This indicates that SMLV 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.