ARKW
ARK Next Generation Internet 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.
Global
EQUITY
Active
MANAGEMENT STYLE
1.4 B
ASSETS UNDER MGMT
87 bp
EXPENSES
Fund Basics
| Fund sponsor | ARK Investment Management LLC |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 30, 2014 |
| Assets (mns) | $1,395 |
| Expense ratio | 87 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 +
| ARK BITCOIN ETF HOLDCO (ARKW) | 13.6 % |
| ROKU, INC. CLASS A | 9.6 % |
| TESLA MOTORS INC | 8.8 % |
| COINBASE GLOBAL, INC. CLASS A | 6.3 % |
| BLOCK INC. | 6.2 % |
| ROBLOX CORP. CLASS A | 5.3 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.9 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 4.4 % |
| META PLATFORMS INC | 3.9 % |
| SHOPIFY, INC. CLASS A | 3.0 % |
Constituent Breakdown
| Number of holdings | 35 |
| Herfindahl-Hirschman Index | 558 |
| Wgt avg mkt cap (mns) | $240,972 |
| Large cap (>$10bn) | 88.2% |
| Mid cap ($2-10bn) | 5.4% |
| Small cap (<$2bn) | 6.4% |
| Developed mkts. | 97.2% |
| Emerging mkts. | 2.8% |
Country Exposure
 |
UNITED STATES | 74.9 % |
 |
CANADA | 3.0 % |
 |
BRITAIN | 2.4 % |
 |
LUXEMBOURG | 1.7 % |
 |
ARGENTINA | 1.3 % |
 |
TAIWAN | 1.3 % |
 |
NETHERLANDS | 1.1 % |
 |
CAYMAN ISLANDS | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.7% | 50.9% | 33.8% | -15.4% | 11.8% | -- | 17.5% | Volatility | 30.7% | 32.4% | 45.3% | 47.3% | 44.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.93 | 58% |
| MSCI EAFE | 1.60 | 39% |
| MSCI Emg Mkts | 1.47 | 32% |
Liquidity Measures
| Avg. volume (000) | 97 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $85,634 |
Technical Indicators
| Recent close | $87.40 |
| 30d moving avg. | $80.53 |
| Annualized volatility | 45.3% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 3.1% |
| 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 | 63.1% | -12 bp | -2.9% |
| ARKF | ARK Fintech Innovation ETF | 47.3% | -12 bp | +0.3% |
| BWEB | Bitwise Web3 ETF | 34.9% | -2 bp | +1.6% |
| SFYF | SoFi Social 50 ETF | 29.3% | -58 bp | -1.8% |
| MVPS | Amplify Thematic All-Stars ETF | 29.2% | -38 bp | +3.7% |
| TIME | Clockwise Core Equity & Innovation ETF | 24.3% | +8 bp | +2.6% |
| BUZZ | VanEck Social Sentiment ETF | 23.2% | -12 bp | +1.5% |
| BFTHX | Baron Fifth Avenue Growth Retail | 21.0% | -12 bp | +2.4% |
| AOTG | AOT Growth and Innovation ETF | 20.6% | -12 bp | +3.9% |
| BIOPX | Baron Opportunity Retail | 19.8% | -12 bp | +1.7% |
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
| 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 10/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
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 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™
ARKW
-0.7%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. ARKW's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places ARKW in the 15th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ARKWSELL
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 |
| ARKW (87 bp) Percentile rank | 69 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ARKW | 87.0 | 6.3 | 93.3 |
| Peer Avg. | 75.0 | 38.7 | 113.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .