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ETF Comparisons

ARKF vs. SPY

ARK Fintech Innovation ETF

ARKF
$--
vs

SPDR S&P 500 ETF Trust

SPY
$--

Correlation

0.77

Compare with

Top 10 comparisons with ARKF:
Compare:
ARKF
Correlation
With:
SPY
SPDR S&P 500 ETF Trust
0.77
SwitchARKWARK Investment Management LLC - ARK Next Generation Internet ETF0.98ARKKARK Investment Management LLC - ARK Innovation ETF0.96TARKInvestment Managers Series Trust II - AXS 2X Innovation ETF0.96IPORenaissance Capital Greenwich Funds - Renaissance IPO ETF0.94FINXGlobal X Funds - Global X Funds Global X FinTech ETF0.92XSWSPDR Series Trust - SPDR S&P Software & Services ETF0.91WCLDWisdomTree Trust - WisdomTree Cloud Computing Fund0.90IBUYAmplify ETF Trust - Amplify Online Retail ETF0.90THNQExchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF0.89CLOUGlobal X Funds - Global X Cloud Computing ETF0.89

Top 10 shared holdings

The top 10 holdings shared by ARKF and SPY:

There are no shared holdings.
Invest with ARKF
Learn more about SPY
ARKFARK Fintech Innovation ETF
SPYSPDR S&P 500 ETF Trust

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
SPY SPDR S&P 500 ETF Trust
Inception date
Feb 04 2019
Jan 22 1993
Expense ratio
0.75%
0.09%
ARKF has a higher expense ratio than SPY by 0.66%. This can indicate that it’s more expensive to invest in ARKF than SPY.
Type
Global Equities
US Equities
ARKF targets investing in Global Equities, while SPY targets investing in US Equities.
Fund owner
ARK Funds
State Street (SPDR)
ARKF is managed by ARK Funds, while SPY is managed by State Street (SPDR).
Volume (1m avg. daily)
$9,483,865
$33,257,618,740
Both ARKF and SPY 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
$400,404,126,565
ARKF has more assets under management than SPY by $399,595,134,110. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
S&P 500 Index
ARKF is based off of the undefined, while SPY is based off of the S&P 500 Index
Inverse/Leveraged
No
No
ARKF and SPY 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 SPY uses a Passive investing strategy.
Dividend
No
No
ARKF and SPY may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
SPY may issue a K1, while ARKF does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.
ARKF and SPY’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.

**

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.