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XITK vs. ARKW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between XITK and ARKW is 0.70, 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. ARKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR FactSet Innovative Technology ETF (XITK) and ARK Next Generation Internet ETF (ARKW). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

XITK:

0.76

ARKW:

1.40

Sortino Ratio

XITK:

1.17

ARKW:

1.87

Omega Ratio

XITK:

1.15

ARKW:

1.24

Calmar Ratio

XITK:

0.41

ARKW:

0.83

Martin Ratio

XITK:

2.25

ARKW:

4.63

Ulcer Index

XITK:

9.00%

ARKW:

11.24%

Daily Std Dev

XITK:

28.55%

ARKW:

39.57%

Max Drawdown

XITK:

-65.56%

ARKW:

-80.01%

Current Drawdown

XITK:

-31.63%

ARKW:

-34.20%

Returns By Period

In the year-to-date period, XITK achieves a 2.82% return, which is significantly lower than ARKW's 11.15% return.


XITK

YTD

2.82%

1M

18.35%

6M

0.85%

1Y

21.61%

3Y*

16.29%

5Y*

6.81%

10Y*

N/A

ARKW

YTD

11.15%

1M

28.53%

6M

12.77%

1Y

54.82%

3Y*

30.45%

5Y*

11.01%

10Y*

20.24%

*Annualized

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ARK Next Generation Internet ETF

XITK vs. ARKW - Expense Ratio Comparison

XITK has a 0.45% expense ratio, which is lower than ARKW's 0.76% expense ratio.


Risk-Adjusted Performance

XITK vs. ARKW — Risk-Adjusted Performance Rank

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

XITK
The Risk-Adjusted Performance Rank of XITK is 6666
Overall Rank
The Sharpe Ratio Rank of XITK is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of XITK is 7373
Sortino Ratio Rank
The Omega Ratio Rank of XITK is 6969
Omega Ratio Rank
The Calmar Ratio Rank of XITK is 5151
Calmar Ratio Rank
The Martin Ratio Rank of XITK is 6363
Martin Ratio Rank

ARKW
The Risk-Adjusted Performance Rank of ARKW is 8585
Overall Rank
The Sharpe Ratio Rank of ARKW is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of ARKW is 8989
Sortino Ratio Rank
The Omega Ratio Rank of ARKW is 8787
Omega Ratio Rank
The Calmar Ratio Rank of ARKW is 7777
Calmar Ratio Rank
The Martin Ratio Rank of ARKW is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

XITK vs. ARKW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and ARK Next Generation Internet ETF (ARKW). 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.


The current XITK Sharpe Ratio is 0.76, which is lower than the ARKW Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of XITK and ARKW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

XITK vs. ARKW - Dividend Comparison

Neither XITK nor ARKW has paid dividends to shareholders.


TTM2024202320222021202020192018201720162015
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%
ARKW
ARK Next Generation Internet ETF
0.00%0.00%0.00%0.00%2.79%1.29%0.00%13.06%2.05%0.00%2.29%

Drawdowns

XITK vs. ARKW - Drawdown Comparison

The maximum XITK drawdown since its inception was -65.56%, smaller than the maximum ARKW drawdown of -80.01%. Use the drawdown chart below to compare losses from any high point for XITK and ARKW. For additional features, visit the drawdowns tool.


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Volatility

XITK vs. ARKW - Volatility Comparison

The current volatility for SPDR FactSet Innovative Technology ETF (XITK) is 6.06%, while ARK Next Generation Internet ETF (ARKW) has a volatility of 9.00%. This indicates that XITK experiences smaller price fluctuations and is considered to be less risky than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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