XOVR vs. ARKVX

Last updated Aug 2, 2026

XOVR (ERShares Private-Public Crossover ETF) and ARKVX (ARK Venture Fund) are both funds - XOVR is a Large Cap Growth Equities fund actively managed by ERShares, while ARKVX is a Technology Equities fund actively managed by ARK. Both are actively managed. Over the past 3 years, XOVR returned 13.50%/yr vs 30.10%/yr for ARKVX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. XOVR charges 0.75%/yr vs 3.50%/yr for ARKVX.

Performance

XOVR vs. ARKVX - Performance Comparison

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

Returns By Period

In the year-to-date period, XOVR achieves a -7.65% return, which is significantly lower than ARKVX's 19.13% return.

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%

ARKVX

• 1D: 0.79%
• 1M: -5.42%
• 6M: 16.90%
• YTD: 19.13%
• 1Y: 63.56%
• 3Y*: 30.10%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 34.19%

*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)
ARKVX ARK Venture Fund	$0.00	$0.00	$0.00
XOVR ERShares Private-Public Crossover ETF	$31.56M	$37.54M	$108.44M

XOVR vs. ARKVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XOVR ERShares Private-Public Crossover ETF	-7.65%	11.83%	33.21%	51.89%	1.15%
ARKVX ARK Venture Fund	19.13%	55.68%	6.69%	61.25%	-6.24%

Correlation

The correlation between XOVR and ARKVX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (All Time) Calculated using the full available price history since Nov 7, 2022	0.70

The correlation between XOVR and ARKVX shifts across timeframes, from 0.57 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XOVR vs. ARKVX — 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

ARKVX

ARKVX Risk / Return Rank: 99
ARKVX Sharpe Ratio Rank: 99
ARKVX Sortino Ratio Rank: 99
ARKVX Omega Ratio Rank: 98
ARKVX Calmar Ratio Rank: 99
ARKVX Martin Ratio Rank: 98

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. ARKVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ERShares Private-Public Crossover ETF (XOVR) and ARK Venture Fund (ARKVX). 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	ARKVX	Difference
Sharpe ratio: Return per unit of total volatility	-0.23	3.69	-3.92
Sortino ratio: Return per unit of downside risk	-0.16	8.36	-8.53
Omega ratio: Gain probability vs. loss probability	0.98	2.06	-1.08
Calmar ratio: Return relative to maximum drawdown	-0.22	9.02	-9.24
Martin ratio: Return relative to average drawdown	-0.47	28.09	-28.55

XOVR vs. ARKVX - Sharpe Ratio Comparison

The current XOVR Sharpe Ratio is -0.23, which is lower than the ARKVX Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of XOVR and ARKVX, 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. ARKVX - Drawdown Comparison

The maximum XOVR drawdown since its inception was -56.28%, which is greater than ARKVX's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for XOVR and ARKVX.

Drawdown Indicators

	XOVR	ARKVX	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-19.10%	-37.18%
Max Drawdown (1Y) Largest decline over 1 year	-24.32%	-8.14%	-16.18%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-15.83%	-9.40%
Max Drawdown (5Y) Largest decline over 5 years	-49.35%	—	—
Current Drawdown Current decline from peak	-14.33%	-5.98%	-8.35%
Average Drawdown Average peak-to-trough decline	-18.22%	-4.14%	-14.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.50%	2.57%	+8.93%

Volatility

XOVR vs. ARKVX - Volatility Comparison

ERShares Private-Public Crossover ETF (XOVR) has a higher volatility of 6.75% compared to ARK Venture Fund (ARKVX) at 3.86%. This indicates that XOVR's price experiences larger fluctuations and is considered to be riskier than ARKVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XOVR	ARKVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	3.86%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	10.83%	+8.11%
Volatility (1Y) Calculated over the trailing 1-year period	23.40%	19.90%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.63%	18.73%	+7.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.01%	18.73%	+8.28%

XOVR vs. ARKVX - Expense Ratio Comparison

XOVR has a 0.75% expense ratio, which is lower than ARKVX's 3.50% expense ratio.

Dividends

XOVR vs. ARKVX - Dividend Comparison

Neither XOVR nor ARKVX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARKVX ARK Venture Fund	0.00%	0.00%	0.32%	0.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both XOVR and ARKVX in my portfolio?

XOVR and ARKVX have a correlation of 0.57, 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 ARKVX?

XOVR has higher volatility (6.75%) compared to ARKVX (3.86%). In terms of maximum drawdown, XOVR dropped -56.28% vs ARKVX's -19.10%.

Which has better risk-adjusted returns?

ARKVX currently has the higher Sharpe Ratio (3.69 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.