SVXY vs. ARKK
Compare and contrast key facts about ProShares Short VIX Short-Term Futures ETF (SVXY) and ARK Innovation ETF (ARKK).
SVXY and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX Short-Term Futures Index (-100%). It was launched on Oct 3, 2011. 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: SVXY or ARKK.
Key characteristics
| SVXY | ARKK | |
|---|---|---|
| YTD Return | 0.75% | 8.48% |
| 1Y Return | 13.40% | 42.35% |
| 3Y Return (Ann) | 18.38% | -21.38% |
| 5Y Return (Ann) | 11.64% | 4.83% |
| 10Y Return (Ann) | -3.26% | 11.98% |
| Sharpe Ratio | 0.37 | 1.20 |
| Sortino Ratio | 0.66 | 1.76 |
| Omega Ratio | 1.13 | 1.21 |
| Calmar Ratio | 0.16 | 0.58 |
| Martin Ratio | 1.13 | 2.99 |
| Ulcer Index | 12.47% | 14.36% |
| Daily Std Dev | 38.12% | 35.92% |
| Max Drawdown | -95.25% | -80.91% |
| Current Drawdown | -81.16% | -63.11% |
Correlation
The correlation between SVXY and ARKK is 0.52, 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.
Performance
SVXY vs. ARKK - Performance Comparison
In the year-to-date period, SVXY achieves a 0.75% return, which is significantly lower than ARKK's 8.48% return. Over the past 10 years, SVXY has underperformed ARKK with an annualized return of -3.26%, while ARKK has yielded a comparatively higher 11.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SVXY vs. ARKK - Expense Ratio Comparison
SVXY has a 1.38% expense ratio, which is higher than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
SVXY vs. ARKK - Risk-Adjusted Performance 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.
Dividends
SVXY vs. ARKK - Dividend Comparison
Neither SVXY nor ARKK has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
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 -80.91%. Use the drawdown chart below to compare losses from any high point for SVXY and ARKK. For additional features, visit the drawdowns tool.
Volatility
SVXY vs. ARKK - Volatility Comparison
The current volatility for ProShares Short VIX Short-Term Futures ETF (SVXY) is 9.06%, while ARK Innovation ETF (ARKK) has a volatility of 13.50%. 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.