ARKW, NYSE

ARK Next Generation Internet ETF (ARKW)

Price (as of September 5)

49.95USD

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

-0.68

DISV

Dimensional International Small Cap Value ETF

-0.24

DIHP

Dimensional International High Profitability ETF

-0.23

DBND

DoubleLine Opportunistic Bond ETF

-0.19

BOAT

SonicShares Global Shipping ETF

-0.15

ADIV

SMARTETFS ASIA PACIFIC DIVIDEND BUILDER ETF

-0.13

INQQ

India Internet & Ecommerce ETF

-0.12

CLRG

IQ Chaikin U.S. Large Cap ETF

-0.11

DIVZ

TrueShares Low Volatility Equity Income ETF

-0.11

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Highest within Industry

Symbol Correlation

ARKF

ARK Fintech Innovation ETF

0.96

ARKK

ARK Innovation ETF

0.94

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

0.91

FNGU

MicroSectors FANG+ Index 3X Leveraged ETN

0.88

IQM

Franklin Intelligent Machines ETF

0.85

QLD

ProShares Ultra QQQ

0.82

TQQQ

ProShares UltraPro QQQ

0.82

VGT

Vanguard Information Technology Index Fund

0.81

ROM

ProShares Ultra Technology

0.81

TECL

Direxion Daily Technology Bull 3X Shares

0.78

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Profile

Sector:
Technology
Industry:
Exchange Traded Funds

The fund is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund’s investment theme of next generation internet. Under normal circumstances, substantially all of the fund’s assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises. The fund is non-diversified.