^NDX vs. ARKK
Compare and contrast key facts about NASDAQ 100 (^NDX) 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: ^NDX or ARKK.
Performance
^NDX vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, ^NDX achieves a 22.83% return, which is significantly higher than ARKK's 5.56% return. Over the past 10 years, ^NDX has outperformed ARKK with an annualized return of 17.17%, while ARKK has yielded a comparatively lower 11.71% annualized return.
^NDX
22.83%
1.50%
10.49%
29.71%
20.17%
17.17%
ARKK
5.56%
16.67%
22.87%
26.01%
3.44%
11.71%
Key characteristics
| ^NDX | ARKK | |
|---|---|---|
| Sharpe Ratio | 1.64 | 0.65 |
| Sortino Ratio | 2.22 | 1.12 |
| Omega Ratio | 1.30 | 1.13 |
| Calmar Ratio | 2.13 | 0.31 |
| Martin Ratio | 7.68 | 1.61 |
| Ulcer Index | 3.77% | 14.38% |
| Daily Std Dev | 17.60% | 35.60% |
| Max Drawdown | -82.90% | -80.91% |
| Current Drawdown | -2.13% | -64.11% |
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Correlation
The correlation between ^NDX and ARKK is 0.73, 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.
Risk-Adjusted Performance
^NDX vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) 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
^NDX vs. ARKK - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ^NDX and ARKK. For additional features, visit the drawdowns tool.
Volatility
^NDX vs. ARKK - Volatility Comparison
The current volatility for NASDAQ 100 (^NDX) is 5.67%, while ARK Innovation ETF (ARKK) has a volatility of 14.40%. This indicates that ^NDX 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.