TECB vs. ARKK
Compare and contrast key facts about iShares U.S. Tech Breakthrough Multisector ETF (TECB) and ARK Innovation ETF (ARKK).
TECB and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECB is a passively managed fund by iShares that tracks the performance of the NYSE FactSet U.S. Tech Breakthrough Index. It was launched on Jan 8, 2020. 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: TECB or ARKK.
Key characteristics
| TECB | ARKK | |
|---|---|---|
| YTD Return | 12.26% | -14.15% |
| 1Y Return | 43.08% | 17.51% |
| 3Y Return (Ann) | 10.84% | -23.83% |
| Sharpe Ratio | 2.56 | 0.56 |
| Daily Std Dev | 17.75% | 36.64% |
| Max Drawdown | -41.62% | -80.91% |
| Current Drawdown | -0.49% | -70.81% |
Correlation
The correlation between TECB and ARKK is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TECB vs. ARKK - Performance Comparison
In the year-to-date period, TECB achieves a 12.26% return, which is significantly higher than ARKK's -14.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TECB vs. ARKK - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
TECB vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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
TECB vs. ARKK - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.24%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.24% | 0.23% | 0.61% | 0.35% | 0.77% | 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
TECB vs. ARKK - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for TECB and ARKK. For additional features, visit the drawdowns tool.
Volatility
TECB vs. ARKK - Volatility Comparison
The current volatility for iShares U.S. Tech Breakthrough Multisector ETF (TECB) is 5.16%, while ARK Innovation ETF (ARKK) has a volatility of 9.51%. This indicates that TECB 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.