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ARKK vs. ARKG

ARK Innovation ETF

ARKK
$--
vs

ARK Genomic Revolution ETF

ARKG
$--

Correlation

0.91
ARKKARK Innovation ETF
ARKGARK Genomic Revolution ETF

What is ARKK?

ARK will select investments for ARKK that represent its highest-conviction investment ideas within the theme of disruptive innovation, as described above, in constructing the Fund s portfolio. The Fund is an actively managed exchange-traded fund ( ETF ) that will invest under normal circumstances primarily (at least 65% of its assets) in domestic equity securities and U.S. exchange traded foreign equity securities of companies that are relevant to the Fund s investment theme of disruptive innovation.

Snapshot
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ARKK ARK Innovation ETF
ARKG ARK Genomic Revolution ETF
Inception date
Oct 31 2014
Oct 31 2014
Expense ratio
0.75%
0.75%
ARKK and ARKG have the same expense ratio, meaning it’s equally as costly to invest in either one.
Type
Global Equities
Global Equities
ARKK targets investing in Global Equities, while ARKG targets investing in Global Equities.
Fund owner
ARK Funds
ARK Funds
ARKK is managed by ARK Funds, while ARKG is managed by ARK Funds.
Volume (1m avg. daily)
$529,712,420
$36,384,198
Both ARKK and ARKG 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
$6,719,241,511
$1,743,388,571
ARKK has more assets under management than ARKG by $4,975,852,940. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
None
ARKK is based off of the undefined, while ARKG is based off of the undefined
Inverse/Leveraged
No
No
ARKK and ARKG 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
Active
ARKK and ARKG both use a Active investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
ARKK and ARKG may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither ARKK nor ARKG require a K1.
ARKK and ARKG’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.