^IXIC vs. ARKK
Compare and contrast key facts about NASDAQ Composite (^IXIC) and ARK Innovation ETF (ARKK).
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: ^IXIC or ARKK.
Correlation
The correlation between ^IXIC and ARKK is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^IXIC vs. ARKK - Performance Comparison
Key characteristics
^IXIC:
0.39
ARKK:
0.36
^IXIC:
0.70
ARKK:
0.65
^IXIC:
1.10
ARKK:
1.08
^IXIC:
0.40
ARKK:
0.14
^IXIC:
1.32
ARKK:
0.79
^IXIC:
7.34%
ARKK:
13.53%
^IXIC:
25.61%
ARKK:
44.21%
^IXIC:
-77.93%
ARKK:
-80.91%
^IXIC:
-11.13%
ARKK:
-66.58%
Returns By Period
In the year-to-date period, ^IXIC achieves a -7.16% return, which is significantly higher than ARKK's -9.34% return. Over the past 10 years, ^IXIC has outperformed ARKK with an annualized return of 13.67%, while ARKK has yielded a comparatively lower 10.57% annualized return.
^IXIC
-7.16%
17.42%
-6.96%
9.97%
14.52%
13.67%
ARKK
-9.34%
27.06%
-2.32%
15.85%
-1.83%
10.57%
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Risk-Adjusted Performance
^IXIC vs. ARKK — Risk-Adjusted Performance Rank
^IXIC
ARKK
^IXIC vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ Composite (^IXIC) 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.
Drawdowns
^IXIC vs. ARKK - Drawdown Comparison
The maximum ^IXIC drawdown since its inception was -77.93%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ^IXIC and ARKK. For additional features, visit the drawdowns tool.
Volatility
^IXIC vs. ARKK - Volatility Comparison
The current volatility for NASDAQ Composite (^IXIC) is 14.10%, while ARK Innovation ETF (ARKK) has a volatility of 19.49%. This indicates that ^IXIC 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.