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ETF Comparisons

SPY vs. ARKF

SPDR S&P 500 ETF Trust

SPY
$--
vs

ARK Fintech Innovation ETF

ARKF
$--

Correlation

0.77

Compare with

Top 10 comparisons with SPY:
Compare:
SPY
Correlation
With:
ARKF
ARK Fintech Innovation ETF
0.77
SwitchSSOProShares Trust - ProShares Ultra S&P500 2x Shares1.00IVVBlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF1.00SPXLDirexion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares1.00VOOVanguard Group, Inc. - Vanguard S&P 500 ETF1.00UPROProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares1.00SPLGSPDR Series Trust - SPDR Portfolio S&P 500 ETF1.00VVVanguard Group, Inc. - Vanguard Large Cap ETF1.00SCHXSchwab Strategic Trust - Schwab U.S. Large-Cap ETF1.00ESGUiShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF1.00IWBBlackRock Institutional Trust Company N.A. - iShares Russell 1000 ETF1.00

Top 10 shared holdings

The top 10 holdings shared by SPY and ARKF:

There are no shared holdings.
Invest with SPY
Learn more about ARKF
SPYSPDR S&P 500 ETF Trust
ARKFARK Fintech Innovation ETF

What is SPY?

The SPDR S&P 500 ETF is a fund that before expenses generally corresponds to the price and yield performance of the S&P 500 Index.

Snapshot
**

SPY SPDR S&P 500 ETF Trust
ARKF ARK Fintech Innovation ETF
Inception date
Jan 22 1993
Feb 04 2019
Expense ratio
0.09%
0.75%
SPY has a lower expense ratio than ARKF by 0.66%. This can indicate that it’s cheaper to invest in SPY than ARKF.
Type
US Equities
Global Equities
SPY targets investing in US Equities, while ARKF targets investing in Global Equities.
Fund owner
State Street (SPDR)
ARK Funds
SPY is managed by State Street (SPDR), while ARKF is managed by ARK Funds.
Volume (1m avg. daily)
$33,257,618,740
$9,483,865
Both SPY 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
$400,404,126,565
$808,992,455
SPY has more assets under management than ARKF by $399,595,134,110. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P 500 Index
None
SPY is based off of the S&P 500 Index, while ARKF is based off of the undefined
Inverse/Leveraged
No
No
SPY 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
SPY uses a Passive investing strategy, while ARKF uses a Active investing strategy.
Dividend
No
No
SPY and ARKF may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
SPY may issue a K1, while ARKF does not. You can find non-K1 alternatives for SPY in its “Related ETFs” section.
SPY 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 toSPY

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Automated Strategies
Related toARKF

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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.