SMMU vs. ARKK
Compare and contrast key facts about PIMCO Short Term Municipal Bond Active ETF (SMMU) and ARK Innovation ETF (ARKK).
SMMU and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMMU is an actively managed fund by PIMCO. It was launched on Feb 1, 2010. ARKK is an actively managed fund by ARK. It was launched on Oct 31, 2014.
Performance
SMMU vs. ARKK - Performance Comparison
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SMMU vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 0.49% | 4.06% | 2.68% | 4.39% | -2.45% | 0.17% | 2.87% | 3.47% | 1.51% | 2.34% |
ARKK ARK Innovation ETF | -12.13% | 35.49% | 8.40% | 69.04% | -66.97% | -23.60% | 152.71% | 35.08% | 3.52% | 87.33% |
Returns By Period
In the year-to-date period, SMMU achieves a 0.49% return, which is significantly higher than ARKK's -12.13% return. Over the past 10 years, SMMU has underperformed ARKK with an annualized return of 1.80%, while ARKK has yielded a comparatively higher 14.34% annualized return.
SMMU
- 1D
- 0.08%
- 1M
- -0.63%
- YTD
- 0.49%
- 6M
- 1.19%
- 1Y
- 3.72%
- 3Y*
- 3.41%
- 5Y*
- 1.85%
- 10Y*
- 1.80%
ARKK
- 1D
- 6.41%
- 1M
- -7.30%
- YTD
- -12.13%
- 6M
- -21.68%
- 1Y
- 42.06%
- 3Y*
- 19.10%
- 5Y*
- -10.73%
- 10Y*
- 14.34%
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SMMU vs. ARKK - Expense Ratio Comparison
SMMU has a 0.35% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Return for Risk
SMMU vs. ARKK — Risk / Return Rank
SMMU
ARKK
SMMU vs. ARKK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Short Term Municipal Bond Active ETF (SMMU) 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.
| SMMU | ARKK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 0.99 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.53 | 1.63 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.19 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.24 | +0.80 |
Martin ratioReturn relative to average drawdown | 10.49 | 3.22 | +7.27 |
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
| SMMU | ARKK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.99 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | -0.23 | +1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.36 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.32 | +0.28 |
Correlation
The correlation between SMMU and ARKK is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMMU vs. ARKK - Dividend Comparison
SMMU's dividend yield for the trailing twelve months is around 2.79%, while ARKK has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMU PIMCO Short Term Municipal Bond Active ETF | 2.79% | 2.80% | 3.03% | 2.79% | 1.37% | 0.60% | 1.19% | 1.82% | 1.57% | 1.41% | 1.03% | 0.89% |
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% |
Drawdowns
SMMU vs. ARKK - Drawdown Comparison
The maximum SMMU drawdown since its inception was -5.09%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for SMMU and ARKK.
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Drawdown Indicators
| SMMU | ARKK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.09% | -80.97% | +75.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -31.35% | +29.40% |
Max Drawdown (5Y)Largest decline over 5 years | -4.76% | -77.23% | +72.47% |
Max Drawdown (10Y)Largest decline over 10 years | -5.09% | -80.97% | +75.88% |
Current DrawdownCurrent decline from peak | -0.63% | -56.23% | +55.60% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -29.80% | +29.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 12.05% | -11.67% |
Volatility
SMMU vs. ARKK - Volatility Comparison
The current volatility for PIMCO Short Term Municipal Bond Active ETF (SMMU) is 0.53%, while ARK Innovation ETF (ARKK) has a volatility of 12.71%. This indicates that SMMU 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.
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Volatility by Period
| SMMU | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 12.71% | -12.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 27.59% | -26.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.79% | 42.61% | -40.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 46.38% | -44.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.75% | 40.12% | -37.37% |