ARKK
ARK Innovation ETF
ARK Innovation ETF is an actively-managed exhange-traded fund incorporated in the USA.The Fund will invest in equity securities of companies that are relevant to the theme of disruptive innovation. Relevant themes are those that rely on or benefit from the development of new products or services in scientific research relating to Genomics Revolution, Web x.0, and Industrial Innovation
Global
EQUITY
Active
MANAGEMENT STYLE
6.4 B
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | ARK Investment Management LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 30, 2014 |
| Assets (mns) | $6,375 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TESLA MOTORS INC | 15.6 % |
| ROKU, INC. CLASS A | 10.7 % |
| COINBASE GLOBAL, INC. CLASS A | 7.9 % |
| ROBLOX CORP. CLASS A | 6.1 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 5.6 % |
| BLOCK INC. | 5.2 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.8 % |
| CRISPR THERAPEUTICS AG | 4.5 % |
| SHOPIFY, INC. CLASS A | 3.9 % |
| UIPATH INC CLASS A | 2.9 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 641 |
| Wgt avg mkt cap (mns) | $204,531 |
| Large cap (>$10bn) | 71.8% |
| Mid cap ($2-10bn) | 17.2% |
| Small cap (<$2bn) | 11.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.0 % |
 |
SWITZERLAND | 4.5 % |
 |
CANADA | 3.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -7.1% | 22.6% | 13.5% | -23.7% | 3.1% | -- | 10.2% | Volatility | 33.8% | 35.9% | 47.1% | 49.3% | 46.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.90 | 55% |
| MSCI EAFE | 1.65 | 40% |
| MSCI Emg Mkts | 1.60 | 36% |
Liquidity Measures
| Avg. volume (000) | 5,053 |
| Turnover | 3.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $46,865 |
Technical Indicators
| Recent close | $48.41 |
| 30d moving avg. | $46.87 |
| Annualized volatility | 45.9% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 23.6% |
| Short interest (underlying) | 10.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ARKK |
Expenses vs. ARKK |
ALTAR Score™ vs. ARKK |
|---|---|---|---|---|
| ARKW | ARK Next Generation Internet ETF | 63.5% | +12 bp | +2.8% |
| ARKF | ARK Fintech Innovation ETF | 42.7% | 0 bp | +3.1% |
| BWEB | Bitwise Web3 ETF | 30.6% | +10 bp | +4.4% |
| SFYF | SoFi Social 50 ETF | 25.2% | -46 bp | +1.0% |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 24.9% | 0 bp | +6.1% |
| BUZZ | VanEck Social Sentiment ETF | 20.8% | 0 bp | +4.3% |
| MVPS | Amplify Thematic All-Stars ETF | 19.8% | -26 bp | +6.4% |
| GFOF | Grayscale Future of Finance ETF | 18.0% | -5 bp | +3.6% |
| ARKG | ARK Genomic Revolution ETF | 17.8% | 0 bp | -1.2% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 15.8% | -66 bp | +8.6% |
Risk and Returns: ARKK vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/29/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ARKK
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
ARKK
-3.5%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. ARKK's ALTAR Score™ is approximately
1.7 standard deviations
below
the category average. This places ARKK in the 5th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ARKKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| ARKK (75 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ARKK | 75.0 | 2.4 | 77.4 |
| Peer Avg. | 75.2 | 38.5 | 113.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .