ARKW

ARK Web x.0 ETF

ARK Web x.O ETF is an actively-managed exchange-traded fund incorporated in the USA. The Fund will invest in equity securities of companies relevant to the theme of Web x.O. These companies are focused on shifting technology infrastructure from hardware and software to the cloud, enabling mobile and local services. Companies may generate their entire business through websites.


Active, Concentrated

MANAGEMENT MATRIX

ARKK

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorARK Investment Management LLC
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateSep 30, 2014
Assets (mns)$1,253
Expense ratio88 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  + 
COINBASE GLOBAL, INC. CLASS A 8.7 %
GRAYSCALE BITCOIN TRUST 8.0 %
ROKU, INC. CLASS A 7.9 %
ZOOM VIDEO COMMUNICATIONS, INC. CLASS A 6.6 %
TESLA MOTORS INC 6.6 %
UIPATH INC CLASS A 5.6 %
BLOCK INC. 5.2 %
UNITY SOFTWARE, INC. 4.6 %
ROBINHOOD MARKETS, INC. CLASS A 4.4 %
DRAFTKINGS INC CLASS A 4.3 %
Constituent Breakdown
Number of holdings33
Herfindahl-Hirschman Index 495
Wgt avg mkt cap (mns)$115,817
Large cap (>$10bn)74.1%
Mid cap ($2-10bn)17.4%
Small cap (<$2bn)8.6%
Developed mkts.98.6%
Emerging mkts.1.5%
Country Exposure
UNITED STATES 90.2 %
CANADA 3.0 %
BRITAIN 2.7 %
ARGENTINA 1.2 %
NETHERLANDS 1.0 %
LUXEMBOURG 0.9 %
CAYMAN ISLANDS 0.8 %
Historical Performance


Standardized Annual Returns (as of 09/30/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
40.5% 18.7% -36.7% -19.6% 2.1% -- 14.3%
Market Correlations
versus...BetaR-squared
S&P 5001.6348%
MSCI EAFE1.3132%
MSCI Emg Mkts1.2930%
Liquidity Measures
Avg. volume (000)347
Turnover1.5%
Avg. Bid/Ask (% of price)0.06%
ADV of underlying (mns)$33,460
Technical Indicators
Recent close$54.02
30d moving avg.$56.21
Annualized volatility42.2%
Relative strength (RSI)49
Short interest (ETF)1.7%
Short interest (underlying)9.1%
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. ARKW
Expenses
vs. ARKW
ALTAR Score™
vs. ARKW
ARKK ARK Innovation ETF   69.7%   -13 bp -1.7%
ARKF ARK Fintech Innovation ETF   47.6%   -13 bp +2.8%
BWEB Bitwise Web3 ETF   34.5%   -3 bp +7.3%
BYOB SoFi Be Your Own Boss ETF   27.7%   -29 bp +2.1%
MVPS Amplify Thematic All-Stars ETF   25.8%   -39 bp +7.4%
BUZZ VanEck Social Sentiment ETF   20.8%   -13 bp +7.7%
SFYF SoFi 50 ETF   19.4%   -59 bp +4.9%
TWEB SoFi Web 3 ETF   18.7%   -29 bp +2.2%
ENTR Entrepreneur 30 Fund   18.6%   -13 bp +8.3%
GFOF Grayscale Future of Finance ETF   17.6%   -18 bp -14.2%
Risk and Returns: ARKW 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
  2018 2019 2020 2021 2022 2023E 2024E  
Sales per share -- -- -- -- -- -- --
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Earnings 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
  2022 2023E Fwd Est 2024E
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 --%
3.3 28.8 2.2 0.0% --
Based on closing prices from 10/2/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
ARKW



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

ARKW

-5.5%

Cat. Avg

3.8%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™-5.5%
Recommendation

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.

Category Overview
There are 349 funds in the Global Equities category, with an average ALTAR Score™ of 3.8% and a standard deviation of 5.0%. ARKW's ALTAR Score™ is approximately 1.9 standard deviations below the category average. This places ARKW in the 3rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
ARKW
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
ARKW 88.0 5.7 93.7
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.