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ETF Comparisons

ARKK vs. QQQ

ARK Innovation ETF

ARKK
$--
vs

Invesco QQQ Trust, Series 1

QQQ
$--

Correlation

0.80

Compare with

Top 10 comparisons with ARKK:
Compare:
ARKK
Correlation
With:
QQQ
Invesco QQQ Trust, Series 1
0.80
SwitchTARKInvestment Managers Series Trust II - AXS 2X Innovation ETF1.00ARKWARK Investment Management LLC - ARK Next Generation Internet ETF0.98ARKFARK ETF Trust - ARK Fintech Innovation ETF0.96IPORenaissance Capital Greenwich Funds - Renaissance IPO ETF0.94OARKTidal Trust II - YieldMax Innovation Option Income Strategy ETF0.91ARKGARK Investment Management LLC - ARK Genomic Revolution ETF0.91ARKQARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF0.91IBUYAmplify ETF Trust - Amplify Online Retail ETF0.90XSWSPDR Series Trust - SPDR S&P Software & Services ETF0.90WCLDWisdomTree Trust - WisdomTree Cloud Computing Fund0.89

Top 10 shared holdings

The top 10 holdings shared by ARKK and QQQ:
TSLA
Tesla Inc
Invest with ARKK
Learn more about QQQ
ARKKARK Innovation ETF
QQQInvesco QQQ Trust, Series 1

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
QQQ Invesco QQQ Trust, Series 1
Inception date
Oct 31 2014
Mar 10 1999
Expense ratio
0.75%
0.20%
ARKK has a higher expense ratio than QQQ by 0.55%. This can indicate that it’s more expensive to invest in ARKK than QQQ.
Type
Global Equities
US Equities
ARKK targets investing in Global Equities, while QQQ targets investing in US Equities.
Fund owner
ARK Funds
Invesco
ARKK is managed by ARK Funds, while QQQ is managed by Invesco.
Volume (1m avg. daily)
$529,712,420
$17,559,045,883
Both ARKK and QQQ 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
$197,956,569,440
ARKK has more assets under management than QQQ by $191,237,327,929. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
None
Nasdaq 100 Index
ARKK is based off of the undefined, while QQQ is based off of the Nasdaq 100 Index
Inverse/Leveraged
No
No
ARKK and QQQ 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
ARKK uses a Active investing strategy, while QQQ uses a Passive investing strategy.
Dividend
No
No
ARKK and QQQ may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
QQQ may issue a K1, while ARKK does not. You can find non-K1 alternatives for QQQ in its “Related ETFs” section.
ARKK and QQQ’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

*

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.