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ETF Comparisons

ARKG vs. SQQQ

ARK Genomic Revolution ETF

ARKG
$--
vs

ProShares UltraPro Short QQQ

SQQQ
$--

Correlation

-0.72

Compare with

Top 10 comparisons with ARKG:
Compare:
ARKG
Correlation
With:
SQQQ
ProShares UltraPro Short QQQ
-0.72
SwitchGNOMGlobal X Funds - Global X Genomics & Biotechnology ETF0.92ARKKARK Investment Management LLC - ARK Innovation ETF0.91TARKInvestment Managers Series Trust II - AXS 2X Innovation ETF0.91VBKVanguard Group, Inc. - Vanguard Small Cap Growth ETF0.86KOMPSPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF0.85XBISPDR Series Trust - SPDR Biotech ETF0.85LABUDirexion Shares ETF Trust - Direxion Daily S&P Biotech Bull 3X Shares0.85ARKFARK ETF Trust - ARK Fintech Innovation ETF0.84IPORenaissance Capital Greenwich Funds - Renaissance IPO ETF0.84ARKWARK Investment Management LLC - ARK Next Generation Internet ETF0.84

Top 10 shared holdings

The top 10 holdings shared by ARKG and SQQQ:

There are no shared holdings.
Invest with ARKG
Learn more about SQQQ
ARKGARK Genomic Revolution ETF
SQQQProShares UltraPro Short QQQ

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
**

ARKG ARK Genomic Revolution ETF
SQQQ ProShares UltraPro Short QQQ
Inception date
Oct 31 2014
Feb 09 2010
Expense ratio
0.75%
0.95%
ARKG has a lower expense ratio than SQQQ by 0.19%. This can indicate that it’s cheaper to invest in ARKG than SQQQ.
Type
Global Equities
US Equities
ARKG targets investing in Global Equities, while SQQQ targets investing in US Equities.
Fund owner
ARK Funds
ProShares
ARKG is managed by ARK Funds, while SQQQ is managed by ProShares.
Volume (1m avg. daily)
$36,384,198
$2,217,551,125
Both ARKG and SQQQ 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
$4,455,851,279
ARKG has more assets under management than SQQQ by $2,712,462,708. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
Nasdaq 100 Index
ARKG is based off of the undefined, while SQQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
Inverse (-3x)
ARKG uses undefined, while SQQQ uses Inverse (-3x). 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 SQQQ uses a Passive investing strategy.
Dividend
No
No
ARKG and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither ARKG nor SQQQ require a K1.
When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe ARKG is going to fall, it would make sense to invest in SQQQ, as based on historical data, when ARKG decreases in value, SQQQ tends to increase in value.

Automated Strategies
Related toARKG

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Automated Strategies
Related toSQQQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic
trading strategy

Disclaimers

*

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.