ARKK

ARK Innovation ETF

ARK Innovation ETF is an actively-managed exhange-traded fund incorporated in the USA.The Fund will invest in equity securities of companies that are relevant to the theme of disruptive innovation. Relevant themes are those that rely on or benefit from the development of new products or services in scientific research relating to Genomics Revolution, Web x.0, and Industrial Innovation


Global

EQUITY

Active

MANAGEMENT STYLE

7.1 B

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorARK Investment Management LLC
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateOct 30, 2014
Assets (mns)$7,102
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TESLA MOTORS INC 14.3 %
COINBASE GLOBAL, INC. CLASS A 9.4 %
ROKU, INC. CLASS A 8.3 %
ROBLOX CORP. CLASS A 5.5 %
PALANTIR TECHNOLOGIES INC. CLASS A 5.3 %
ROBINHOOD MARKETS, INC. CLASS A 5.1 %
CRISPR THERAPEUTICS AG 4.9 %
SHOPIFY, INC. CLASS A 4.6 %
BLOCK INC. 4.1 %
UIPATH INC CLASS A 2.7 %
Constituent Breakdown
Number of holdings31
Herfindahl-Hirschman Index 584
Wgt avg mkt cap (mns)$274,177
Large cap (>$10bn)64.7%
Mid cap ($2-10bn)22.0%
Small cap (<$2bn)13.3%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 88.1 %
SWITZERLAND 4.9 %
CANADA 4.6 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 13.3% 28.7% 25.8% -17.3% 3.9% 12.2% 12.2%
Volatility 33.8% 35.7% 40.3% 50.0% 47.4% -- --
Market Correlations
versus...BetaR-squared
S&P 5001.9955%
MSCI EAFE1.5432%
MSCI Emg Mkts1.4528%
Liquidity Measures
Avg. volume (000)8,831
Turnover7.6%
Avg. Bid/Ask (% of price)0.02%
ADV of underlying (mns)$45,744
Technical Indicators
Recent close$60.92
30d moving avg.$47.02
Annualized volatility47.3%
Relative strength (RSI)49
Short interest (ETF)21.1%
Short interest (underlying)10.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: ARKK vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
5.8 -56.7 8.6 0.1% --
Based on closing prices from 12/12/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ARKK



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™

ARKK

-3.0%

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%. ARKK's ALTAR Score™ is approximately 1.5 standard deviations below the category average. This places ARKK in the 6th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

ARKK
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Global Equity ETFs
# of ETFs 118
Avg. Expense Ratio 73.5 bp
Std. Deviation 29.8 bp
ARKK (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)
ARKK 75.0 2.4 77.4
Peer Avg. 74.3 39.1 113.4
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .