SVXY vs. ARKK
SVXY (ProShares Short VIX Short-Term Futures ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - SVXY is a Volatility fund tracking the S&P 500 VIX Short-Term Futures Index (-0.5x), while ARKK is a Technology Equities fund actively managed by ARK. SVXY is passively managed, while ARKK is actively managed. Over the past 10 years, SVXY returned -1.01%/yr vs 14.31%/yr for ARKK. Their 0.54 correlation means they have sometimes moved together and sometimes differently. SVXY charges 0.95%/yr vs 0.75%/yr for ARKK.
Performance
SVXY vs. ARKK - Performance Comparison
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Returns By Period
In the year-to-date period, SVXY achieves a 4.84% return, which is significantly higher than ARKK's -7.38% return. Over the past 10 years, SVXY has underperformed ARKK with an annualized return of -1.01%, while ARKK has yielded a comparatively higher 14.31% annualized return.
SVXY
- 1D
- 1.47%
- 1M
- 1.31%
- 6M
- 7.32%
- YTD
- 4.84%
- 1Y
- 33.59%
- 3Y*
- 9.63%
- 5Y*
- 16.64%
- 10Y*
- -1.01%
- ALL TIME*
- 12.70%
ARKK
- 1D
- -2.28%
- 1M
- -12.32%
- 6M
- -4.85%
- YTD
- -7.38%
- 1Y
- 0.11%
- 3Y*
- 13.25%
- 5Y*
- -9.65%
- 10Y*
- 14.31%
- ALL TIME*
- 12.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $356.24M | $389.65M | $523.48M | |
| $95.64M | $79.87M | $82.81M |
SVXY vs. ARKK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVXY ProShares Short VIX Short-Term Futures ETF | 4.84% | 10.63% | -3.17% | 76.21% | -4.66% | 48.53% | -36.47% | 54.21% | -91.75% | 181.84% |
ARKK ARK Innovation ETF | -7.38% | 35.49% | 8.40% | 69.04% | -66.97% | -23.60% | 152.71% | 35.08% | 3.52% | 87.33% |
Correlation
The correlation between SVXY and ARKK is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014 | 0.54 |
The correlation between SVXY and ARKK has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
SVXY vs. ARKK — Risk / Return Rank
SVXY
ARKK
SVXY vs. ARKK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short VIX Short-Term Futures ETF (SVXY) 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.
| SVXY | ARKK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.01 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.17 | +1.40 |
| Martin ratioReturn relative to average drawdown | 4.00 | -0.35 | +4.35 |
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Drawdowns
SVXY vs. ARKK - Drawdown Comparison
The maximum SVXY drawdown since its inception was -95.25%, which is greater than ARKK's maximum drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for SVXY and ARKK.
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Drawdown Indicators
| SVXY | ARKK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.25% | -80.97% | -14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -31.35% | +8.41% |
Max Drawdown (3Y)Largest decline over 3 years | -46.45% | -39.56% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -46.45% | -76.27% | +29.82% |
Max Drawdown (10Y)Largest decline over 10 years | -95.25% | -80.97% | -14.28% |
Current DrawdownCurrent decline from peak | -79.00% | -53.87% | -25.13% |
Average DrawdownAverage peak-to-trough decline | -57.10% | -30.38% | -26.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.05% | 15.57% | -8.52% |
Volatility
SVXY vs. ARKK - Volatility Comparison
The current volatility for ProShares Short VIX Short-Term Futures ETF (SVXY) is 7.44%, while ARK Innovation ETF (ARKK) has a volatility of 10.19%. This indicates that SVXY 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
| SVXY | ARKK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 10.19% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 22.23% | 27.72% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.49% | 36.83% | -7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.19% | 46.55% | -11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.47% | 40.48% | +8.99% |
SVXY vs. ARKK - Expense Ratio Comparison
SVXY has a 0.95% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Dividends
SVXY vs. ARKK - Dividend Comparison
Neither SVXY 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% |
SVXY ProShares Short VIX Short-Term Futures ETF | 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
SVXY and ARKK have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARKK has higher volatility (10.19%) compared to SVXY (7.44%). In terms of maximum drawdown, SVXY dropped -95.25% vs ARKK's -80.97%.
On 10-year performance, ARKK leads with 14.31% vs -1.01% for SVXY. On fees, ARKK is cheaper at 0.75% per year. On volatility, SVXY has been the lower-risk option at 7.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ARKK has performed better with a 14.31% return vs -1.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ARKK is cheaper with a 0.75% expense ratio, compared with 0.95% for SVXY.
SVXY and ARKK have nearly identical dividend yields, around 0.00%.
SVXY is categorized as Volatility, while ARKK is Technology Equities. They also come from different issuers: ProShares and ARK. Their fees differ too: 0.95% for SVXY and 0.75% for ARKK.
SVXY currently has the higher Sharpe Ratio (0.96 vs -0.15), 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.
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