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ITOT vs. ARKF

iShares Core S&P Total U.S. Stock Market ETF

ITOT
$--
vs

ARK Fintech Innovation ETF

ARKF
$--

Correlation

0.80
ITOTiShares Core S&P Total U.S. Stock Market ETF
ARKFARK Fintech Innovation ETF

What is ITOT?

The iShares Core S&P Total U.S. Stock Market ETF seeks to track the investment results of S&P Total Market Index.The S&P Total Market Index (TMI) is designed to track the broad equity market, including large-, mid-, small-, and micro-cap stocks. The index includes all common equities listed on the NYSE (including NYSE Arca and NYSE MKT), the NASDAQ Global Select Market, the NASDAQ Global Market, and the NASDAQ Capital Market. The S&P 500 and the S&P Completion Index are subsets of the S&P TMI.

Snapshot
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ITOT iShares Core S&P Total U.S. Stock Market ETF
ARKF ARK Fintech Innovation ETF
Inception date
Jan 20 2004
Feb 04 2019
Expense ratio
0.03%
0.75%
ITOT has a lower expense ratio than ARKF by 0.72%. This can indicate that it’s cheaper to invest in ITOT than ARKF.
Type
US Equities
Global Equities
ITOT targets investing in US Equities, while ARKF targets investing in Global Equities.
Fund owner
Blackrock (iShares)
ARK Funds
ITOT is managed by Blackrock (iShares), while ARKF is managed by ARK Funds.
Volume (1m avg. daily)
$92,311,586
$9,483,865
Both ITOT and ARKF 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
$43,679,376,151
$808,992,455
ITOT has more assets under management than ARKF by $42,870,383,696. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Total Market Index
None
ITOT is based off of the S&P Total Market Index, while ARKF is based off of the undefined
Inverse/Leveraged
No
No
ITOT and ARKF 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
Passive
Active
ITOT uses a Passive investing strategy, while ARKF uses a Active investing strategy.
Dividend
No
No
ITOT and ARKF may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither ITOT nor ARKF require a K1.
ITOT and ARKF’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 toITOT

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Automated Strategies
Related toARKF

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.

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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.