^NIFTY500 vs. ARKK
Compare and contrast key facts about Nifty 500 (^NIFTY500) 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: ^NIFTY500 or ARKK.
Correlation
The correlation between ^NIFTY500 and ARKK is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^NIFTY500 vs. ARKK - Performance Comparison
Key characteristics
^NIFTY500:
0.13
ARKK:
1.04
^NIFTY500:
0.84
ARKK:
1.55
^NIFTY500:
1.29
ARKK:
1.19
^NIFTY500:
0.22
ARKK:
0.50
^NIFTY500:
1.63
ARKK:
3.52
^NIFTY500:
5.90%
ARKK:
10.56%
^NIFTY500:
71.96%
ARKK:
35.88%
^NIFTY500:
-68.02%
ARKK:
-80.91%
^NIFTY500:
-10.85%
ARKK:
-59.02%
Returns By Period
In the year-to-date period, ^NIFTY500 achieves a -2.39% return, which is significantly lower than ARKK's 11.19% return. Over the past 10 years, ^NIFTY500 has underperformed ARKK with an annualized return of 12.21%, while ARKK has yielded a comparatively higher 12.98% annualized return.
^NIFTY500
-2.39%
-3.82%
-2.69%
10.00%
17.06%
12.21%
ARKK
11.19%
5.52%
57.01%
39.65%
3.04%
12.98%
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Risk-Adjusted Performance
^NIFTY500 vs. ARKK — Risk-Adjusted Performance Rank
^NIFTY500
ARKK
^NIFTY500 vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nifty 500 (^NIFTY500) 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
^NIFTY500 vs. ARKK - Drawdown Comparison
The maximum ^NIFTY500 drawdown since its inception was -68.02%, smaller than the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for ^NIFTY500 and ARKK. For additional features, visit the drawdowns tool.
Volatility
^NIFTY500 vs. ARKK - Volatility Comparison
The current volatility for Nifty 500 (^NIFTY500) is 6.11%, while ARK Innovation ETF (ARKK) has a volatility of 8.10%. This indicates that ^NIFTY500 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.