XITK vs. ARKK
Compare and contrast key facts about SPDR FactSet Innovative Technology ETF (XITK) and ARK Innovation ETF (ARKK).
XITK and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XITK is a passively managed fund by State Street that tracks the performance of the FactSet Innovative Technology Index. It was launched on Jan 13, 2016. 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: XITK or ARKK.
Correlation
The correlation between XITK and ARKK is 0.85, 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
XITK vs. ARKK - Performance Comparison
Key characteristics
XITK:
1.09
ARKK:
0.86
XITK:
1.56
ARKK:
1.36
XITK:
1.19
ARKK:
1.16
XITK:
0.51
ARKK:
0.42
XITK:
4.46
ARKK:
2.95
XITK:
5.66%
ARKK:
10.58%
XITK:
23.35%
ARKK:
36.28%
XITK:
-65.56%
ARKK:
-80.91%
XITK:
-29.82%
ARKK:
-60.59%
Returns By Period
In the year-to-date period, XITK achieves a 5.54% return, which is significantly lower than ARKK's 6.92% return.
XITK
5.54%
3.86%
24.46%
25.37%
8.80%
N/A
ARKK
6.92%
2.41%
32.16%
32.19%
3.49%
12.85%
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XITK vs. ARKK - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Risk-Adjusted Performance
XITK vs. ARKK — Risk-Adjusted Performance Rank
XITK
ARKK
XITK vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) 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
XITK vs. ARKK - Dividend Comparison
Neither XITK nor ARKK has paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% | 0.00% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% |
Drawdowns
XITK vs. ARKK - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for XITK and ARKK. For additional features, visit the drawdowns tool.
Volatility
XITK vs. ARKK - Volatility Comparison
The current volatility for SPDR FactSet Innovative Technology ETF (XITK) is 6.55%, while ARK Innovation ETF (ARKK) has a volatility of 11.00%. This indicates that XITK 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.