An actively managed ETF: ARK's managers pick the companies they judge to be driving disruptive innovation, in the US and abroad.
ARKK, the ARK Innovation ETF, is a $7.9 billion ETF whose main story is pure narrative flow. It holds 91.7% of the money in ETFs carrying that story, 1st of 99. Over the past year it returned +0.7%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
Its main narrative, at 0.7 of its exposure.
Pure narrative flow →
Disruptive innovation, online consumers, betting and stocks chosen by social sentiment: where the retail crowd puts its money.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | ARKK | 91.7% | $7.92bn | +0.7% | 0.75% |
| 2 | IBUY | 2.0% | $120.1m | −13.8% | 0.65% |
| 3 | BUZZ | 1.7% | $102.7m | +3.4% | 0.76% |
| 4 | MILN | 1.4% | $87.1m | −14.8% | 0.50% |
| 5 | SOCL | 1.4% | $85.0m | −28.3% | 0.65% |
| 94 other ETFs | 1.8% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 99 ETFs on the narrative page →
Also carries: The biology trade →
Health care from drugmakers and insurers to genomics: the science that gets approved, and who pays for it.
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| ARKK | +7.7% | +10.6% | +16.8% | +0.7% | +32.0% | −3.9% |
| Pure narrative flowits narrative | +6.7% | +9.4% | +14.8% | −0.4% | +31.0% | −3.6% |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on October 31, 2014: +14.2% a year.
$10,000 invested October 31, 2016
Year by year
Total return in each calendar year; this year is year to date. A year appears only if ARKK traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
ARKK moves closely with the market. When the market has moved 1%, ARKK has tended to move 2.07%.
ARKK moves closely with pure narrative flow. When pure narrative flow has moved 1%, ARKK has tended to move 1.63%.
Weekly returns over 157 weeks. The narrative is measured without ARKK in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Where it sits in Pure narrative flow
Each dot is one of 7 unlevered ETFs whose main narrative is pure narrative flow, placed by its return (up) and how much it swung (right) over the last year.
Risk
Cost against its peers
ARKK is the 5th cheapest of 11 ETFs in pure narrative flow. The dashed line is the middle of the group, 0.75% a year.
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Second narrative: read in the ETF’s own filing.
Common questions
What story is ARKK selling?
ARKK’s main story is pure narrative flow, which covers disruptive innovation, online consumers, betting and stocks chosen by social sentiment: where the retail crowd puts its money. Its second is the biology trade.
Which ETFs compete with ARKK?
The ETFs whose weekly returns move most like ARKK’s over the past 3 years are ARKT (0.99), OARK (0.96) and ARKW (0.95).
How much of pure narrative flow does ARKK hold?
ARKK holds 91.7% of the money in ETFs carrying that story, 1st of 99.
How has ARKK performed against its story?
Over the past year ARKK returned +0.7%, the ETFs carrying pure narrative flow −0.4% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.88 with the story. Past performance only.
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