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ARK Space Exploration & Innovation ETF

ARKX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Mar 30 2021
Expense Ratio
0.70%
Type
Global Equities
Fund Owner
ARK Funds
Volume (1m avg. daily)
$639,561
AUM
$266,085,180
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

IRDM
Iridium Communications Inc
8.34%
TRMB
Trimble Inc
8.01%
KTOS
Kratos Defense & Security Solutions Inc
7.75%
AVAV
AeroVironment Inc.
6.92%
PRNT
ARK Investment Management LLC - ARK 3D Printing ETF
5.62%
LHX
L3Harris Technologies Inc
4.65%
6301
Komatsu Ltd
4.40%
PATH
UiPath Inc - Ordinary Shares - Class A
4.07%
TER
Teradyne, Inc.
3.98%
DSY
DASSAULT SYSTEMES SE
3.49%
Invest with ARKX

What is ARKX?

The ARK Space Exploration & Innovation ETF s ( Fund ) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund ( ETF ) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund s investment theme of Space Exploration and innovation. The Adviser defines Space Exploration as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth.

ETFs related toARKX

ETFs correlated to ARKX include ARKQ, KOMP, VBK

ARKX
ARK ETF Trust - ARK Space Exploration & Innovation ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
VXF
Vanguard Group, Inc. - Vanguard Extended Market Index ETF
ISCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Growth ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
QQQE
Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toARKX

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with ARKX using Composer

FAQ

ARKX is a Global Equities ETF. The ARK Space Exploration & Innovation ETF s ( Fund ) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund ( ETF ) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund s investment theme of Space Exploration and innovation. The Adviser defines Space Exploration as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth.

Yes, ARKX is actively managed. 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.

No, ARKX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ARKX is 0.0156%. This is the percent change in the value of ARKX over the most recent 1-month period. The 3-month return on ARKX is -0.0138%. This is the percent change in the value of ARKX over the most recent 3-month period.

The standard deviation of ARKX for the past year is 0.2801%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to ARKX include IGF, EFG, and PBW.

ETFs correlated to ARKX include ARKQ, KOMP, and VBK.

ETFs that are inversely correlated to ARKX include HIBS, SRTY, and TWM.

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.