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.
Fund Basics
| Fund sponsor | ARK |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 01, 2019 |
| Assets (mns) | $1,027 |
| 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 | 11.5 % |
| BLOCK INC. | 8.3 % |
| DRAFTKINGS INC CLASS A | 7.3 % |
| SHOPIFY, INC. CLASS A | 7.1 % |
| UIPATH INC CLASS A | 5.0 % |
| ADYEN NV | 5.0 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.6 % |
| TOAST, INC. CLASS A | 4.0 % |
| SOFI TECHNOLOGIES INC | 3.7 % |
| GLOBAL-E ONLINE LTD. | 3.3 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 503 |
| Wgt avg mkt cap (mns) | $89,667 |
| Large cap (>$10bn) | 83.2% |
| Mid cap ($2-10bn) | 16.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 93.5% |
| Emerging mkts. | 6.5% |
Country Exposure
 |
UNITED STATES | 69.2 % |
 |
CANADA | 7.1 % |
 |
NETHERLANDS | 5.0 % |
 |
ISRAEL | 3.3 % |
 |
ARGENTINA | 3.3 % |
 |
CAYMAN ISLANDS | 2.9 % |
 |
SOUTH AFRICA | 1.9 % |
 |
JAPAN | 1.6 % |
 |
LUXEMBOURG | 1.4 % |
 |
SINGAPORE | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.0% | 52.5% | -0.6% | -17.5% | 6.2% | -- | 6.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.99 | 60% |
| MSCI EAFE | 1.81 | 46% |
| MSCI Emg Mkts | 1.59 | 38% |
Liquidity Measures
| Avg. volume (000) | 439 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $54,100 |
Technical Indicators
| Recent close | $27.52 |
| 30d moving avg. | $22.97 |
| Annualized volatility | 45.6% |
| Relative strength (RSI) | 83 |
| Short interest (ETF) | 2.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ARKF |
Expenses vs. ARKF |
ALTAR Score™ vs. ARKF |
|---|---|---|---|---|
| ARKW | ARK Next Generation Internet ETF | 49.8% | +12 bp | -0.7% |
| ARKK | ARK Innovation ETF | 44.5% | 0 bp | -2.7% |
| BWEB | Bitwise Web3 ETF | 28.8% | +10 bp | +3.2% |
| FINX | Global X FinTech ETF | 26.3% | -7 bp | +5.4% |
| IPO | Renaissance IPO ETF | 22.6% | -15 bp | -1.0% |
| GFOF | Grayscale Future of Finance ETF | 20.4% | -5 bp | -2.2% |
| STCE | Schwab Crypto Thematic ETF | 20.3% | -45 bp | -6.4% |
| BUZZ | VanEck Social Sentiment ETF | 20.3% | 0 bp | +1.5% |
| IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 19.8% | 0 bp | +7.6% |
| BLOK | Amplify Transformational Data Sharing ETF | 19.3% | 0 bp | +3.4% |
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 4/16/2024
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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ARKF
-2.2%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -2.2% |
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 348 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
5.0%. ARKF's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places ARKF in the 12nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ARKF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .