SPYV vs. ARKK

Last updated Jul 21, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - SPYV is a S&P 500 fund tracking the S&P 500 Value Index, while ARKK is a Technology Equities fund actively managed by ARK. SPYV is passively managed, while ARKK is actively managed. Over the past 10 years, SPYV returned 11.63%/yr vs 14.94%/yr for ARKK. A 0.52 correlation means they provide meaningful diversification when combined. SPYV charges 0.04%/yr vs 0.75%/yr for ARKK.

Performance

SPYV vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) 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, SPYV achieves a 9.18% return, which is significantly higher than ARKK's -2.56% return. Over the past 10 years, SPYV has underperformed ARKK with an annualized return of 11.63%, while ARKK has yielded a comparatively higher 14.94% annualized return.

SPYV

• 1D: -0.65%
• 1M: 1.51%
• 6M: 6.61%
• YTD: 9.18%
• 1Y: 18.51%
• 3Y*: 13.76%
• 5Y*: 11.49%
• 10Y*: 11.63%
• ALL TIME*: 7.84%

ARKK

• 1D: -0.33%
• 1M: -6.53%
• 6M: -8.24%
• YTD: -2.56%
• 1Y: -3.45%
• 3Y*: 16.39%
• 5Y*: -9.13%
• 10Y*: 14.94%
• ALL TIME*: 12.69%

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

SPYV vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYV SPDR Portfolio S&P 500 Value ETF	9.18%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%
ARKK ARK Innovation ETF	-2.56%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	35.08%	3.52%	87.33%

Correlation

The correlation between SPYV and ARKK is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.52

The correlation between SPYV and ARKK has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

SPYV vs. ARKK - Sectors Allocation Comparison

Sectors	SPYV	ARKK
Technology	21.7%	25.8%
Financial Services	15.1%	12.8%
Healthcare	12.2%	32.0%
Industrials	10.9%	9.4%
Consumer Cyclical	10.6%	13.0%
Consumer Defensive	8.8%	-
Energy	6.6%	-
Utilities	4.5%	-
Basic Materials	3.3%	-
Real Estate	3.3%	-
Communication Services	2.9%	7.1%

Return for Risk

SPYV vs. ARKK — Risk / Return Rank

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

SPYV

SPYV Risk / Return Rank: 79
SPYV Sharpe Ratio Rank: 79
SPYV Sortino Ratio Rank: 79
SPYV Omega Ratio Rank: 77
SPYV Calmar Ratio Rank: 78
SPYV Martin Ratio Rank: 80

ARKK

ARKK Risk / Return Rank: 9
ARKK Sharpe Ratio Rank: 9
ARKK Sortino Ratio Rank: 10
ARKK Omega Ratio Rank: 10
ARKK Calmar Ratio Rank: 9
ARKK Martin Ratio Rank: 9

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.

SPYV vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPYV	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	1.88	-0.10	+1.97
Sortino ratio: Return per unit of downside risk	2.65	0.12	+2.53
Omega ratio: Gain probability vs. loss probability	1.34	1.01	+0.33
Calmar ratio: Return relative to maximum drawdown	2.99	-0.11	+3.10
Martin ratio: Return relative to average drawdown	11.36	-0.23	+11.59

SPYV vs. ARKK - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 1.88, which is higher than the ARKK Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of SPYV 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.

Drawdowns

SPYV vs. ARKK - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for SPYV and ARKK.

Drawdown Indicators

	SPYV	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-80.97%	+22.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.22%	-31.35%	+25.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.54%	-39.56%	+22.02%
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	-76.27%	+58.38%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-80.97%	+44.08%
Current Drawdown Current decline from peak	-1.16%	-51.47%	+50.31%
Average Drawdown Average peak-to-trough decline	-8.68%	-30.31%	+21.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	15.08%	-13.45%

Volatility

SPYV vs. ARKK - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 2.10%, while ARK Innovation ETF (ARKK) has a volatility of 9.21%. This indicates that SPYV 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

	SPYV	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	9.21%	-7.11%
Volatility (6M) Calculated over the trailing 6-month period	7.28%	27.14%	-19.86%
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	36.37%	-26.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	46.49%	-32.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	40.43%	-23.55%

SPYV vs. ARKK - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than ARKK's 0.75% expense ratio.

Dividends

SPYV vs. ARKK - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.70%, 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%
SPYV SPDR Portfolio S&P 500 Value ETF	1.70%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both SPYV and ARKK in my portfolio?

SPYV and ARKK have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPYV or ARKK?

ARKK has higher volatility (9.21%) compared to SPYV (2.10%). In terms of maximum drawdown, SPYV dropped -58.45% vs ARKK's -80.97%.

Which ETF is better, SPYV or ARKK?

On 10-year performance, ARKK leads with 14.94% vs 11.63% for SPYV. On fees, SPYV is cheaper at 0.04% per year. On volatility, SPYV has been the lower-risk option at 2.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPYV or ARKK?

Over the 10-year period, ARKK has performed better with a 14.94% return vs 11.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPYV or ARKK?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.75% for ARKK.

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

SPYV has the higher dividend yield at 1.70%, compared with 0.00% for ARKK.

What is the main difference between SPYV and ARKK?

SPYV is categorized as S&P 500, while ARKK is Technology Equities. They also come from different issuers: State Street and ARK. Their fees differ too: 0.04% for SPYV and 0.75% for ARKK.

Which has better risk-adjusted returns?

SPYV currently has the higher Sharpe Ratio (1.88 vs -0.10), 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.