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ETFs

YieldMax Innovation Option Income Strategy ETF

OARK
$--
Today’s Change
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Snapshot
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Inception Date
Nov 22 2022
Expense Ratio
0.99%
Type
Global Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$3,020,844
AUM
$75,384,210
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
53.93%
n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
53.57%
n/a
ARKK US 12/15/23 C43
3.34%
n/a
Cash & Other
2.50%
n/a
ARKK US 09/29/23 C43
-0.01%
n/a
ARKK US 09/29/23 C42.5
-0.03%
n/a
ARKK US 09/29/23 C40.5
-0.24%
n/a
ARKK 12/15/2023 43.01 P
-13.07%
Invest with OARK

What is OARK?

The Fund primary investment objective is to seek current income. The Fund secondary investment objective is to seek exposure to the share price of the ARK Innovation ETF (ARKK), subject to a limit on potential investment gains. The Fund seeks to deliver participation in the price returns of ARKK while providing current monthly income through a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in option contracts that reference the price performance of ARKK.

ETFs related toOARK

ETFs correlated to OARK include ARKK, TARK, ARKW

OARK
Tidal Trust II - YieldMax Innovation Option Income Strategy ETF
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
ARKG
ARK Investment Management LLC - ARK Genomic Revolution ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF

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

OARK is a Global Equities ETF. The Fund primary investment objective is to seek current income. The Fund secondary investment objective is to seek exposure to the share price of the ARK Innovation ETF (ARKK), subject to a limit on potential investment gains. The Fund seeks to deliver participation in the price returns of ARKK while providing current monthly income through a portfolio substantially composed of short-term U.S. Treasury securities, cash and cash equivalents, and in option contracts that reference the price performance of ARKK.

Yes, OARK 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, OARK 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 OARK is -0.0406%. This is the percent change in the value of OARK over the most recent 1-month period. The 3-month return on OARK is -0.0911%. This is the percent change in the value of OARK over the most recent 3-month period.

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

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

ETFs that are inversely correlated to OARK include SARK, WEBS, and HIBS.

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.

**

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.