The ARK Innovation ETF (ARKK) is the flagship actively-managed fund from the team at ARK Invest. The advisory firm, led by Catherine Wood, has an impressive track record doing what most stock pickers fail to do: beating the market.
ARKK has routinely outperformed passive rivals like State Street’s popular index-tracking Technology Select Sector SPDR Fund (XLK). At one point, the fund made an exceptionally well-timed investment in Bitcoin, which turbocharged its performance. But ARK is known for high-conviction bets, and the firm has come under fire for its outsized wager on Tesla.
The stated goal of ARKK is to invest in companies that are poised to profit from “disruptive innovation” like artificial intelligence, DNA technologies, energy innovation, automation, financial technology and the increased use in cloud computing.
Like many of ARK’s ETFs, ARKK has made a long-term bet on Tesla. Other top holdings include 3D printer firms like Protolabs, as well as companies involved in genetic therapies like Intellia Therapeutics.
Any actively-managed product is ultimately a wager on the portfolio managers who pick the stocks. ARK’s products are geared toward investors who have the fortitude and faith to ride out short-term volatility in favor of long-term gains. ARKW’s management fee might seem pricey in the ultra-low-cost world of passive ETFs, but it’s cheap for active management, especially when the manager delivers significant alpha.
For investors worried ARK has been lucky rather than good, there are broad-based technology funds available for a fraction of the price, including XLK or the Vanguard Information Technology ETF (VGT).
| Segment | Equity: Global Broad Thematic |
| Category | Sector |
| Focus | Theme |
| Niche | Broad Thematic |
| Strategy | Active |
| Weighting Scheme | Proprietary |
This section compares how balanced and deep this ETF is relative to its peers.
| ARKK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 33 | 320 | 103 |
| % of Assets in Top 10 | 66.45% | 32.63% | 55.53% |
| % of Assets in Top 15 | 76.93% | 41.14% | 63.19% |
| % of Assets in Top 50 | 100.00% | 72.67% | 84.60% |
| ARKK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 65.70% | 67.34% | 60.18% |
| Mid (>2.7B) | 25.40% | 18.85% | 14.30% |
| Small (>600M) | 8.25% | 3.90% | 4.42% |
| Micro (<600M) | 0.42% | 1.29% | 1.04% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| ARKK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.36 | $ 0.26 | $ 0.12 |
| Dividend Date | 2023-09-08 | N/A | N/A |
| Annual Dividend Rate | N/A | $ 0.75 | $ 0.44 |
| Annual Dividend Yield | N/A | 1.42% | 3.03% |
View charts featuring ARKK price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -127.99 M 1 Month Net Flows: -156.11 M 3 Month Net Flows: -455.76 M 6 Month Net Flows: -1.34 B 1 Year Net Flows: -2.68 B 3 Year Net Flows: -2.37 B 5 Year Net Flows: 11.89 B 10 Year Net Flows: 13.4 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -16.37 MThe adjacent table gives investors an individual Realtime Rating for ARKK on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the All Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| ARKK |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 5.31% | -0.40% | 1.65% |
| 3 Month Return | 37.73% | 8.87% | 12.91% |
| YTD Return | 16.33% | 19.21% | 16.13% |
| 1 Year Return | 21.43% | 21.89% | 19.92% |
| 3 Year Return | -13.64% | 4.07% | -0.85% |
| 5 Year Return | 5.30% | 5.61% | 0.75% |
The following charts reflect the geographic spread of ARKK's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.43% |
| Other | 0.57% |
| Country | Percentage |
|---|---|
| United States | 90.91% |
| Canada | 4.38% |
| Switzerland | 4.14% |
| Other | 0.57% |
The following charts reflect the allocation of ARKK's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 31.78% |
| Consumer Durables | 25.45% |
| Health Technology | 18.34% |
| Finance | 15.62% |
| Electronic Technology | 4.47% |
| Consumer Services | 1.95% |
| Retail Trade | 1.82% |
| CASH | 0.57% |
| Market Cap | Percentage |
|---|---|
| Large | 65.7% |
| Mid | 25.4% |
| Small | 8.25% |
| Micro | 0.42% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.43% |
| CASH | 0.57% |
| Sector | Percentage |
|---|---|
| Technology Services | 31.78% |
| Consumer Durables | 25.45% |
| Health Technology | 18.34% |
| Finance | 15.62% |
| Electronic Technology | 4.47% |
| Consumer Services | 1.95% |
| Retail Trade | 1.82% |
| CASH | 0.57% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 263.10% |
| 20 Day Volatility | 33.06% |
| 50 Day Volatility | 37.75% |
| 200 Day Volatility | 39.39% |
| Beta | 1.64 |
| Standard Deviation | 4.35% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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