XOVR vs. ARKK

Last updated Aug 2, 2026

XOVR (ERShares Private-Public Crossover ETF) and ARKK (ARK Innovation ETF) are both exchange-traded funds - XOVR is a Large Cap Growth Equities fund actively managed by ERShares, while ARKK is a Technology Equities fund actively managed by ARK. Both are actively managed. Over the past 5 years, XOVR returned 3.14%/yr vs -9.65%/yr for ARKK. Their correlation of 0.83 means they have usually moved in the same direction. Both charge a 0.75% expense ratio.

Performance

XOVR vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ERShares Private-Public Crossover ETF (XOVR) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XOVR having a -7.65% return and ARKK slightly higher at -7.38%.

XOVR

• 1D: -0.64%
• 1M: -11.43%
• 6M: 0.00%
• YTD: -7.65%
• 1Y: -4.17%
• 3Y*: 13.50%
• 5Y*: 3.14%
• 10Y*: —
• ALL TIME*: 9.35%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARKK ARK Innovation ETF	$356.24M	$389.65M	$523.48M
XOVR ERShares Private-Public Crossover ETF	$31.56M	$37.54M	$108.44M

XOVR vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XOVR ERShares Private-Public Crossover ETF	-7.65%	11.83%	33.21%	51.89%	-41.09%	-7.24%	50.39%	31.72%	-5.02%	1.54%
ARKK ARK Innovation ETF	-7.38%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	35.08%	3.52%	7.65%

Correlation

The correlation between XOVR and ARKK is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Nov 8, 2017	0.83

The correlation between XOVR and ARKK has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

XOVR vs. ARKK - Sectors Allocation Comparison

Sectors	XOVR	ARKK
Technology	34.5%	25.8%
Communication Services	24.2%	7.1%
Healthcare	18.5%	32.0%
Financial Services	9.9%	12.8%
Consumer Cyclical	6.7%	13.0%
Industrials	6.2%	9.4%
Energy	3.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XOVR vs. ARKK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XOVR

XOVR Risk / Return Rank: 8
XOVR Sharpe Ratio Rank: 8
XOVR Sortino Ratio Rank: 7
XOVR Omega Ratio Rank: 8
XOVR Calmar Ratio Rank: 8
XOVR Martin Ratio Rank: 8

ARKK

ARKK Risk / Return Rank: 9
ARKK Sharpe Ratio Rank: 9
ARKK Sortino Ratio Rank: 10
ARKK Omega Ratio Rank: 10
ARKK Calmar Ratio Rank: 8
ARKK Martin Ratio Rank: 8

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XOVR vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERShares Private-Public Crossover ETF (XOVR) 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.

	XOVR	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	-0.15	-0.08
Sortino ratio: Return per unit of downside risk	-0.16	0.05	-0.21
Omega ratio: Gain probability vs. loss probability	0.98	1.01	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.22	-0.17	-0.05
Martin ratio: Return relative to average drawdown	-0.47	-0.35	-0.12

XOVR vs. ARKK - Sharpe Ratio Comparison

The current XOVR Sharpe Ratio is -0.23, which is lower than the ARKK Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of XOVR and ARKK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XOVR vs. ARKK - Drawdown Comparison

The maximum XOVR drawdown since its inception was -56.28%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for XOVR and ARKK.

Drawdown Indicators

	XOVR	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-80.97%	+24.69%
Max Drawdown (1Y) Largest decline over 1 year	-24.32%	-31.35%	+7.03%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-39.56%	+14.33%
Max Drawdown (5Y) Largest decline over 5 years	-49.35%	-76.27%	+26.92%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.97%	—
Current Drawdown Current decline from peak	-14.33%	-53.87%	+39.54%
Average Drawdown Average peak-to-trough decline	-18.22%	-30.38%	+12.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	15.57%	-4.07%

Volatility

XOVR vs. ARKK - Volatility Comparison

The current volatility for ERShares Private-Public Crossover ETF (XOVR) is 6.75%, while ARK Innovation ETF (ARKK) has a volatility of 10.19%. This indicates that XOVR 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.

Volatility by Period

	XOVR	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	10.19%	-3.44%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	27.72%	-8.78%
Volatility (1Y) Calculated over the trailing 1-year period	23.40%	36.83%	-13.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.63%	46.55%	-19.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.01%	40.48%	-13.47%

XOVR vs. ARKK - Expense Ratio Comparison

Both XOVR and ARKK have an expense ratio of 0.75%.

Dividends

XOVR vs. ARKK - Dividend Comparison

Neither XOVR 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%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOVR and ARKK in my portfolio?

XOVR and ARKK have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XOVR or ARKK?

ARKK has higher volatility (10.19%) compared to XOVR (6.75%). In terms of maximum drawdown, XOVR dropped -56.28% vs ARKK's -80.97%.

Which ETF is better, XOVR or ARKK?

On 5-year performance, XOVR leads with 3.14% vs -9.65% for ARKK. Both ETFs have the same 0.75% expense ratio. On volatility, XOVR has been the lower-risk option at 6.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XOVR or ARKK?

Over the 5-year period, XOVR has performed better with a 3.14% return vs -9.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOVR or ARKK?

XOVR and ARKK have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, XOVR or ARKK?

XOVR and ARKK have nearly identical dividend yields, around 0.00%.

What is the main difference between XOVR and ARKK?

XOVR is categorized as Large Cap Growth Equities, while ARKK is Technology Equities. They also come from different issuers: ERShares and ARK.

Which has better risk-adjusted returns?

ARKK currently has the higher Sharpe Ratio (-0.15 vs -0.23), 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.