SPGM vs. ARKK

Last updated Jun 10, 2026

SPGM (SPDR Portfolio MSCI Global Stock Market ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - SPGM is a Global Equities fund tracking the MSCI AC World IMI, while ARKK is a Technology Equities fund actively managed by ARK. SPGM is passively managed, while ARKK is actively managed. Over the past 10 years, SPGM returned 12.85%/yr vs 15.26%/yr for ARKK. A 0.63 correlation means they provide meaningful diversification when combined. SPGM charges 0.09%/yr vs 0.75%/yr for ARKK.

Performance

SPGM vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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, SPGM achieves a 10.39% return, which is significantly higher than ARKK's -2.50% return. Over the past 10 years, SPGM has underperformed ARKK with an annualized return of 12.85%, while ARKK has yielded a comparatively higher 15.26% annualized return.

SPGM

• 1D: -0.15%
• 1M: -0.20%
• YTD: 10.39%
• 6M: 11.12%
• 1Y: 27.63%
• 3Y*: 20.31%
• 5Y*: 10.91%
• 10Y*: 12.85%

ARKK

• 1D: -1.16%
• 1M: -5.21%
• YTD: -2.50%
• 6M: -9.12%
• 1Y: 20.17%
• 3Y*: 21.17%
• 5Y*: -7.93%
• 10Y*: 15.26%

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

SPGM vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPGM SPDR Portfolio MSCI Global Stock Market ETF	10.39%	23.62%	16.75%	21.34%	-17.53%	21.13%	15.28%	26.58%	-10.12%	23.26%
ARKK ARK Innovation ETF	-2.50%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	35.08%	3.52%	87.33%

Correlation

The correlation between SPGM and ARKK is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.63

The correlation between SPGM and ARKK shifts across timeframes, from 0.63 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.

SPGM vs. ARKK - Sectors Allocation Comparison

Sectors	SPGM	ARKK
Technology	27.4%	26.4%
Financial Services	16.4%	15.4%
Industrials	13.1%	6.3%
Consumer Cyclical	9.2%	13.7%
Communication Services	8.5%	10.9%
Healthcare	8.2%	27.4%
Consumer Defensive	4.8%	-
Energy	4.5%	-
Basic Materials	3.9%	-
Utilities	2.2%	-
Real Estate	1.9%	-

Return for Risk

SPGM vs. ARKK — Risk / Return Rank

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

SPGM

SPGM Risk / Return Rank: 72
SPGM Sharpe Ratio Rank: 73
SPGM Sortino Ratio Rank: 71
SPGM Omega Ratio Rank: 73
SPGM Calmar Ratio Rank: 66
SPGM Martin Ratio Rank: 77

ARKK

ARKK Risk / Return Rank: 19
ARKK Sharpe Ratio Rank: 19
ARKK Sortino Ratio Rank: 21
ARKK Omega Ratio Rank: 20
ARKK Calmar Ratio Rank: 18
ARKK Martin Ratio Rank: 16

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.

SPGM vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) 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.

	SPGM	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	2.09	0.56	+1.53
Sortino ratio: Return per unit of downside risk	2.83	1.00	+1.84
Omega ratio: Gain probability vs. loss probability	1.38	1.12	+0.27
Calmar ratio: Return relative to maximum drawdown	2.92	0.65	+2.28
Martin ratio: Return relative to average drawdown	13.03	1.42	+11.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPGM vs. ARKK - Sharpe Ratio Comparison

The current SPGM Sharpe Ratio is 2.09, which is higher than the ARKK Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of SPGM 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

	SPGM	ARKK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	0.56	+1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	-0.17	+0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.38	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.34	+0.31

Drawdowns

SPGM vs. ARKK - Drawdown Comparison

The maximum SPGM drawdown since its inception was -33.97%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for SPGM and ARKK.

Drawdown Indicators

	SPGM	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-33.97%	-80.97%	+47.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.50%	-31.35%	+21.85%
Max Drawdown (3Y) Largest decline over 3 years	-16.90%	-39.56%	+22.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.93%	-77.23%	+51.30%
Max Drawdown (10Y) Largest decline over 10 years	-33.97%	-80.97%	+47.00%
Current Drawdown Current decline from peak	-3.05%	-51.44%	+48.39%
Average Drawdown Average peak-to-trough decline	-4.80%	-30.14%	+25.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	14.23%	-12.10%

Volatility

SPGM vs. ARKK - Volatility Comparison

The current volatility for SPDR Portfolio MSCI Global Stock Market ETF (SPGM) is 4.52%, while ARK Innovation ETF (ARKK) has a volatility of 11.25%. This indicates that SPGM 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.

Volatility by Period

	SPGM	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	11.25%	-6.73%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	25.97%	-15.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	36.10%	-22.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	46.39%	-30.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	40.34%	-22.75%

SPGM vs. ARKK - Expense Ratio Comparison

SPGM has a 0.09% expense ratio, which is lower than ARKK's 0.75% expense ratio.

Dividends

SPGM vs. ARKK - Dividend Comparison

SPGM's dividend yield for the trailing twelve months is around 1.83%, while ARKK has not 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%
SPGM SPDR Portfolio MSCI Global Stock Market ETF	1.83%	1.89%	1.98%	2.09%	2.37%	1.94%	1.45%	2.46%	1.89%	2.29%	1.87%	3.70%

Frequently Asked Questions

Can I hold both SPGM and ARKK in my portfolio?

SPGM and ARKK have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPGM or ARKK?

ARKK has higher volatility (11.25%) compared to SPGM (4.52%). In terms of maximum drawdown, SPGM dropped -33.97% vs ARKK's -80.97%.

Which ETF is better, SPGM or ARKK?

On 10-year performance, ARKK leads with 15.26% vs 12.85% for SPGM. On fees, SPGM is cheaper at 0.09% per year. On volatility, SPGM has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPGM or ARKK?

Over the 10-year period, ARKK has performed better with a 15.26% return vs 12.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPGM or ARKK?

SPGM is cheaper with a 0.09% expense ratio, compared with 0.75% for ARKK.

Which ETF pays a higher dividend yield, SPGM or ARKK?

SPGM has the higher dividend yield at 1.83%, compared with 0.00% for ARKK.

What is the main difference between SPGM and ARKK?

SPGM is categorized as Global Equities, while ARKK is Technology Equities. They also come from different issuers: State Street and ARK. Their fees differ too: 0.09% for SPGM and 0.75% for ARKK.

Which has better risk-adjusted returns?

SPGM currently has the higher Sharpe Ratio (2.09 vs 0.56), 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.