ARKF, NYSE

ARK Fintech Innovation ETF (ARKF)

Price (as of September 5)

16.89USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

CLDS

Direxion Daily Cloud Computing Bear 2X Shares

-0.89

SRTY

ProShares UltraPro Short Russell2000

-0.69

DISV

Dimensional International Small Cap Value ETF

-0.23

DIHP

Dimensional International High Profitability ETF

-0.22

DBND

DoubleLine Opportunistic Bond ETF

-0.18

BOAT

SonicShares Global Shipping ETF

-0.14

ADIV

SMARTETFS ASIA PACIFIC DIVIDEND BUILDER ETF

-0.13

DIVZ

TrueShares Low Volatility Equity Income ETF

-0.13

INQQ

India Internet & Ecommerce ETF

-0.12

ICAP

InfraCap Equity Income Fund ETF

-0.11

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Highest within Industry

Symbol Correlation

ARKW

ARK Next Generation Internet ETF

0.96

ARKK

ARK Innovation ETF

0.93

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

0.9

FNGU

MicroSectors FANG+ Index 3X Leveraged ETN

0.85

IQM

Franklin Intelligent Machines ETF

0.84

QLD

ProShares Ultra QQQ

0.83

TQQQ

ProShares UltraPro QQQ

0.83

VGT

Vanguard Information Technology Index Fund

0.82

ROM

ProShares Ultra Technology

0.82

ROBO

Robo Global Robotics and Automation Index ETF

0.81

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Profile

Sector:
Technology
Industry:
Exchange Traded Funds

The fund is an actively-managed ETF that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The fund is non-diversified.