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ETF Comparisons

ARKK vs. SQQQ

ARK Innovation ETF

ARKK
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.80

Compare with

Top 10 comparisons with ARKK:
Compare:
ARKK
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.80
SwitchTARKInvestment Managers Series Trust II - AXS 2X Innovation ETF1.00ARKWARK Investment Management LLC - ARK Next Generation Internet ETF0.98ARKFARK ETF Trust - ARK Fintech Innovation ETF0.96IPORenaissance Capital Greenwich Funds - Renaissance IPO ETF0.94OARKTidal Trust II - YieldMax Innovation Option Income Strategy ETF0.91ARKGARK Investment Management LLC - ARK Genomic Revolution ETF0.91ARKQARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF0.91IBUYAmplify ETF Trust - Amplify Online Retail ETF0.90XSWSPDR Series Trust - SPDR S&P Software & Services ETF0.90WCLDWisdomTree Trust - WisdomTree Cloud Computing Fund0.89

Top 10 shared holdings

The top 10 holdings shared by ARKK and SQQQ:

There are no shared holdings.
Invest with ARKK
Learn more about SQQQ
ARKKARK Innovation ETF
SQQQProShares UltraPro Short QQQ

What is ARKK?

ARK will select investments for ARKK that represent its highest-conviction investment ideas within the theme of disruptive innovation, as described above, in constructing the Fund s portfolio. The Fund is an actively managed exchange-traded fund ( ETF ) that will invest under normal circumstances primarily (at least 65% of its assets) in domestic equity securities and U.S. exchange traded foreign equity securities of companies that are relevant to the Fund s investment theme of disruptive innovation.

Snapshot
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ARKK ARK Innovation ETF
SQQQ ProShares UltraPro Short QQQ
Inception date
Oct 31 2014
Feb 09 2010
Expense ratio
0.75%
0.95%
ARKK has a lower expense ratio than SQQQ by 0.19%. This can indicate that it’s cheaper to invest in ARKK than SQQQ.
Type
Global Equities
US Equities
ARKK targets investing in Global Equities, while SQQQ targets investing in US Equities.
Fund owner
ARK Funds
ProShares
ARKK is managed by ARK Funds, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$529,712,420
$2,217,551,125
Both ARKK and SQQQ are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$6,719,241,511
$4,455,851,279
ARKK has more assets under management than SQQQ by $2,263,390,232. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
Nasdaq 100 Index
ARKK is based off of the undefined, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
ARKK uses undefined, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Active
Passive
ARKK uses a Active investing strategy, while SQQQ uses a Passive investing strategy.
Dividend
No
No
ARKK and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither ARKK nor SQQQ require a K1.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe ARKK is going to fall, it would make sense to invest in SQQQ, as based on historical data, when ARKK decreases in value, SQQQ tends to increase in value.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.