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ARKF vs. QQQM

ARK Fintech Innovation ETF

ARKF
$--
vs

Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

QQQM
$--

Correlation

0.80
ARKFARK Fintech Innovation ETF
QQQMInvesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF

What is ARKF?

ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund s investment theme of financial technology ( Fintech ) innovation.

Snapshot
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ARKF ARK Fintech Innovation ETF
QQQM Invesco Exchange-Traded Fund Trust II Invesco NASDAQ 100 ETF
Inception date
Feb 04 2019
Oct 13 2020
Expense ratio
0.75%
0.15%
ARKF has a higher expense ratio than QQQM by 0.6%. This can indicate that it’s more expensive to invest in ARKF than QQQM.
Type
Global Equities
US Equities
ARKF targets investing in Global Equities, while QQQM targets investing in US Equities.
Fund owner
ARK Funds
Invesco
ARKF is managed by ARK Funds, while QQQM is managed by Invesco.
Volume (1m avg. daily)
$9,483,865
$154,621,362
Both ARKF and QQQM 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
$808,992,455
$14,236,186,221
ARKF has more assets under management than QQQM by $13,427,193,766. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
Nasdaq 100 Index
ARKF is based off of the undefined, while QQQM is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
No
ARKF and QQQM use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Active
Passive
ARKF uses a Active investing strategy, while QQQM uses a Passive investing strategy.
Dividend
No
No
ARKF and QQQM may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither ARKF nor QQQM require a K1.
ARKF and QQQM’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
  • Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
  • Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
  • Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.

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.