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ETFs

ARK Innovation ETF

ARKK
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Today’s Change
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Snapshot
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Inception Date
Oct 31 2014
Expense Ratio
0.75%
Type
Global Equities
Fund Owner
ARK Funds
Volume (1m avg. daily)
$529,712,420
AUM
$6,719,241,511
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TSLA
Tesla Inc
10.81%
ZM
Zoom Video Communications Inc - Ordinary Shares - Class A
8.25%
ROKU
Roku Inc - Ordinary Shares - Class A
7.98%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
7.53%
PATH
UiPath Inc - Ordinary Shares - Class A
6.69%
SQ
Block Inc - Ordinary Shares - Class A
4.78%
TWLO
Twilio Inc - Ordinary Shares Class A
4.25%
DKNG
DraftKings Inc. - Ordinary Shares - Class A
3.99%
U
Unity Software Inc
3.78%
SHOP
Shopify Inc - Ordinary Shares - Class A
3.42%
Invest with ARKK

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.

ETFs related toARKK

ETFs correlated to ARKK include TARK, ARKW, ARKF

ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
OARK
Tidal Trust II - YieldMax Innovation Option Income Strategy ETF
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

ARKK is a Global Equities ETF. 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.

Yes, ARKK is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, ARKK is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ARKK is -0.0333%. This is the percent change in the value of ARKK over the most recent 1-month period. The 3-month return on ARKK is -0.0663%. This is the percent change in the value of ARKK over the most recent 3-month period.

The standard deviation of ARKK for the past year is 0.4675%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ARKK include PBW, IGF, and EFG.

ETFs correlated to ARKK include TARK, ARKW, and ARKF.

ETFs that are inversely correlated to ARKK include SARK, WEBS, and BTAL.

Disclaimers

*

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.

**

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.