ZBRA vs. ARKK

Last updated Aug 1, 2026

ZBRA (Zebra Technologies Corporation) is a stock, while ARKK (ARK Innovation ETF) is Technology Equities fund actively managed by ARK. Over the past 10 years, ZBRA returned 18.79%/yr vs 14.31%/yr for ARKK. Their 0.55 correlation means they have sometimes moved together and sometimes differently.

Performance

ZBRA vs. ARKK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zebra Technologies Corporation (ZBRA) and ARK Innovation ETF (ARKK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZBRA achieves a 21.00% return, which is significantly higher than ARKK's -7.38% return. Over the past 10 years, ZBRA has outperformed ARKK with an annualized return of 18.79%, while ARKK has yielded a comparatively lower 14.31% annualized return.

ZBRA

• 1D: 1.82%
• 1M: 9.97%
• 6M: 25.04%
• YTD: 21.00%
• 1Y: -12.36%
• 3Y*: 4.87%
• 5Y*: -11.86%
• 10Y*: 18.79%
• ALL TIME*: 13.17%

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
ZBRA Zebra Technologies Corporation	$214.87M	$186.10M	$241.29M

ZBRA vs. ARKK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZBRA Zebra Technologies Corporation	21.00%	-37.13%	41.30%	6.60%	-56.92%	54.87%	50.46%	60.42%	53.40%	21.04%
ARKK ARK Innovation ETF	-7.38%	35.49%	8.40%	69.04%	-66.97%	-23.60%	152.71%	35.08%	3.52%	87.33%

Correlation

The correlation between ZBRA and ARKK is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (3Y) Balances recent behavior with more history.	0.52
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.56
Correlation (All Time) Calculated using the full available price history since Oct 31, 2014	0.55

The correlation between ZBRA and ARKK shifts across timeframes, from 0.41 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ZBRA vs. ARKK — Risk / Return Rank

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

ZBRA

ZBRA Risk / Return Rank: 32
ZBRA Sharpe Ratio Rank: 31
ZBRA Sortino Ratio Rank: 29
ZBRA Omega Ratio Rank: 29
ZBRA Calmar Ratio Rank: 33
ZBRA Martin Ratio Rank: 35

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.

ZBRA vs. ARKK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zebra Technologies Corporation (ZBRA) 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.

	ZBRA	ARKK	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	-0.15	-0.16
Sortino ratio: Return per unit of downside risk	-0.15	0.05	-0.19
Omega ratio: Gain probability vs. loss probability	0.98	1.01	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.32	-0.17	-0.15
Martin ratio: Return relative to average drawdown	-0.52	-0.35	-0.17

ZBRA vs. ARKK - Sharpe Ratio Comparison

The current ZBRA Sharpe Ratio is -0.30, which is lower than the ARKK Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of ZBRA 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

ZBRA vs. ARKK - Drawdown Comparison

The maximum ZBRA drawdown since its inception was -73.42%, smaller than the maximum ARKK drawdown of -80.97%. Use the drawdown chart below to compare losses from any high point for ZBRA and ARKK.

Drawdown Indicators

	ZBRA	ARKK	Difference
Max Drawdown Largest peak-to-trough decline	-73.42%	-80.97%	+7.55%
Max Drawdown (1Y) Largest decline over 1 year	-41.62%	-31.35%	-10.27%
Max Drawdown (3Y) Largest decline over 3 years	-52.67%	-39.56%	-13.11%
Max Drawdown (5Y) Largest decline over 5 years	-67.78%	-76.27%	+8.49%
Max Drawdown (10Y) Largest decline over 10 years	-67.78%	-80.97%	+13.19%
Current Drawdown Current decline from peak	-52.19%	-53.87%	+1.68%
Average Drawdown Average peak-to-trough decline	-27.82%	-30.38%	+2.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.86%	15.57%	+10.29%

Volatility

ZBRA vs. ARKK - Volatility Comparison

Zebra Technologies Corporation (ZBRA) has a higher volatility of 10.84% compared to ARK Innovation ETF (ARKK) at 10.19%. This indicates that ZBRA's price experiences larger fluctuations and is considered to be riskier than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZBRA	ARKK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.84%	10.19%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	32.77%	27.72%	+5.05%
Volatility (1Y) Calculated over the trailing 1-year period	43.95%	36.83%	+7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.89%	46.55%	-5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.39%	40.48%	-1.09%

Dividends

ZBRA vs. ARKK - Dividend Comparison

Neither ZBRA 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%
ZBRA Zebra Technologies Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZBRA and ARKK in my portfolio?

ZBRA and ARKK have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ZBRA or ARKK?

ZBRA has higher volatility (10.84%) compared to ARKK (10.19%). In terms of maximum drawdown, ZBRA dropped -73.42% vs ARKK's -80.97%.

Which has better risk-adjusted returns?

ARKK currently has the higher Sharpe Ratio (-0.15 vs -0.30), 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.