ARKK, NYSE

ARK Innovation ETF (ARKK)

Price (as of September 5)

40.59USD

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

-0.71

DISV

Dimensional International Small Cap Value ETF

-0.25

DIHP

Dimensional International High Profitability ETF

-0.24

DBND

DoubleLine Opportunistic Bond ETF

-0.17

BOAT

SonicShares Global Shipping ETF

-0.13

DIVZ

TrueShares Low Volatility Equity Income ETF

-0.13

ADIV

SMARTETFS ASIA PACIFIC DIVIDEND BUILDER ETF

-0.13

INQQ

India Internet & Ecommerce ETF

-0.12

CLRG

IQ Chaikin U.S. Large Cap ETF

-0.12

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Highest within Industry

Symbol Correlation

ARKW

ARK Next Generation Internet ETF

0.94

ARKF

ARK Fintech Innovation ETF

0.93

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

0.9

IQM

Franklin Intelligent Machines ETF

0.85

FNGU

MicroSectors FANG+ Index 3X Leveraged ETN

0.85

QLD

ProShares Ultra QQQ

0.79

TQQQ

ProShares UltraPro QQQ

0.79

VGT

Vanguard Information Technology Index Fund

0.78

ROM

ProShares Ultra Technology

0.78

ROBO

Robo Global Robotics and Automation Index ETF

0.78

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Profile

Sector:
Mid-cap Growth
Industry:
Exchange Traded Funds

The fund is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund’s investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. It may invest in foreign securities (including investments in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”)) and securities listed on local foreign exchanges. The fund is non-diversified.