ARKF
ARK Fintech Innovation ETF
ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing in companies engaged in financial technology innovation.
Global
EQUITY
Active
MANAGEMENT STYLE
1.2 B
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
Fund sponsor | ARK |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Feb 01, 2019 |
Assets (mns) | $1,161 |
Expense ratio | 75 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
COINBASE GLOBAL, INC. CLASS A | 10.7 % |
SHOPIFY, INC. CLASS A | 10.7 % |
ARK BITCOIN ETF HOLDCO (ARKF) | 10.4 % |
BLOCK INC. | 6.1 % |
TOAST, INC. CLASS A | 5.4 % |
ROBINHOOD MARKETS, INC. CLASS A | 5.2 % |
SOFI TECHNOLOGIES INC | 4.8 % |
DRAFTKINGS INC CLASS A | 4.3 % |
PALANTIR TECHNOLOGIES INC. CLASS A | 3.6 % |
MERCADOLIBRE INC | 3.2 % |
Constituent Breakdown
Number of holdings | 33 |
Herfindahl-Hirschman Index | 567 |
Wgt avg mkt cap (mns) | $92,900 |
Large cap (>$10bn) | 81.1% |
Mid cap ($2-10bn) | 18.9% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 92.4% |
Emerging mkts. | 7.6% |
Country Exposure
UNITED STATES | 62.7 % | |
CANADA | 10.7 % | |
ARGENTINA | 3.2 % | |
NETHERLANDS | 3.0 % | |
ISRAEL | 2.1 % | |
SINGAPORE | 1.9 % | |
SOUTH AFRICA | 1.8 % | |
LUXEMBOURG | 1.6 % | |
CAYMAN ISLANDS | 1.4 % | |
JAPAN | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 34.6% | 58.0% | 51.3% | -7.2% | 9.6% | -- | 10.5% | Volatility | 28.4% | 29.3% | 35.7% | 47.2% | 42.7% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 2.11 | 61% |
MSCI EAFE | 1.62 | 36% |
MSCI Emg Mkts | 1.42 | 27% |
Liquidity Measures
Avg. volume (000) | 566 |
Turnover | 2.0% |
Avg. Bid/Ask (% of price) | 0.05% |
ADV of underlying (mns) | $54,008 |
Technical Indicators
Recent close | $40.37 |
30d moving avg. | $30.55 |
Annualized volatility | 47.5% |
Relative strength (RSI) | 56 |
Short interest (ETF) | 4.7% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. ARKF |
Expenses vs. ARKF |
ALTAR Score™ vs. ARKF |
---|---|---|---|---|
ARKW | ARK Next Generation Internet ETF | 45.8% | +12 bp | -0.4% |
ARKK | ARK Innovation ETF | 42.0% | 0 bp | -2.7% |
BWEB | Bitwise Web3 ETF | 29.9% | +10 bp | +1.0% |
FINX | Global X FinTech ETF | 25.7% | -7 bp | +3.0% |
BUZZ | VanEck Social Sentiment ETF | 22.9% | 0 bp | +1.4% |
GFOF | Grayscale Future of Finance ETF | 22.2% | -5 bp | -0.4% |
AOTG | AOT Growth and Innovation ETF | 21.8% | 0 bp | +3.4% |
BLOK | Amplify Transformational Data Sharing ETF | 20.1% | 0 bp | +0.9% |
IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 19.8% | 0 bp | +5.0% |
PNQI | Invesco NASDAQ Internet ETF | 18.7% | -15 bp | +2.5% |
Risk and Returns: ARKF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 12/12/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ARKF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
ARKF
-0.3%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. ARKF's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places ARKF in the 17th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ARKFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active Global Equity ETFs |
# of ETFs | 118 |
Avg. Expense Ratio | 73.5 bp |
Std. Deviation | 29.8 bp |
ARKF (75 bp) Percentile rank | 55 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ARKF | 75.0 | 5.1 | 80.1 |
Peer Avg. | 74.3 | 39.1 | 113.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .