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ARKG vs. IVV

ARK Genomic Revolution ETF

ARKG
$--
vs

iShares Core S&P 500 ETF

IVV
$--

Correlation

0.71
ARKGARK Genomic Revolution ETF
IVViShares Core S&P 500 ETF

What is ARKG?

The Fund is concentrated in any industry or group of industries in the health care sector, including, in particular, issuers having their principal business activities in the biotechnology industry. Other industries in the health care sector include medical laboratories and research, drug manufacturers and agricultural chemicals.

Snapshot
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ARKG ARK Genomic Revolution ETF
IVV iShares Core S&P 500 ETF
Inception date
Oct 31 2014
May 15 2000
Expense ratio
0.75%
0.03%
ARKG has a higher expense ratio than IVV by 0.72%. This can indicate that it’s more expensive to invest in ARKG than IVV.
Type
Global Equities
US Equities
ARKG targets investing in Global Equities, while IVV targets investing in US Equities.
Fund owner
ARK Funds
Blackrock (iShares)
ARKG is managed by ARK Funds, while IVV is managed by Blackrock (iShares).
Volume (1m avg. daily)
$36,384,198
$1,773,176,007
Both ARKG and IVV 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
$1,743,388,571
$342,279,931,285
ARKG has more assets under management than IVV by $340,536,542,714. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
S&P 500 Index
ARKG is based off of the undefined, while IVV is based off of the S&P 500 Index
Inverse/Leveraged
No
No
ARKG and IVV 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
ARKG uses a Active investing strategy, while IVV uses a Passive investing strategy.
Dividend
No
No
ARKG and IVV may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither ARKG nor IVV require a K1.
ARKG and IVV’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.

Automated Strategies
Related toARKG

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Automated Strategies
Related toIVV

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

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.