ARKW — ARK Next Generation Internet ETF

ARKW Price Performance — Growth of $10,000

Value of a $10,000 investment in ARKW over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

ARKW Drawdown

The "underwater" chart: ARKW's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The ARK Next Generation Internet ETF (ARKW) is a Thematic fund issued by ARK ETF Trust that currently holds an asset base of $1.67 billion. Trading at $137.45 per share, the fund carries an expense ratio of 0.76% and offers a dividend yield of 1.62%. In the broader landscape of 458 tracked ETFs, ARKW ranks #432 overall, receiving an ETFValuer grade of D with a score of 35.6 out of 100. Within its specific Thematic category, which contains 17 ETFs tracked by the platform, the fund's lower ranking suggests it has faced challenges relative to its peers. The combination of a high expense ratio and a modest dividend yield indicates a cost structure that may weigh on net returns for income-focused investors. Despite the substantial asset size, the low overall rank and grade point to a performance profile that has not yet resonated strongly with the wider market compared to other options. This positioning highlights a divergence between the fund's significant capitalization and its current standing in the automated evaluation system.

Recent price action shows a decline of 0.73% over the last day and a steeper drop of 6.18% over the past week. Over the last month, the fund fell 1.27%, while the three-month return stands at -0.76%, indicating a period of negative momentum in the short to medium term. Year-to-date performance reflects this trend with a loss of 7.83%, and the one-year return is down 11.43%. However, the three-year return presents a stark contrast, showing a significant gain of +120.57% over that longer horizon. This data reveals a clear divergence where short-term and medium-term results have been negative, while the long-term trajectory remains positive. The pattern suggests that recent market conditions have reversed the gains accumulated over the previous three years, creating a sharp deceleration in performance recently.

The fund is assigned a Very High volatility label and carries a beta of 2.34, indicating that its price movements are significantly more sensitive to market fluctuations than the broader index. This high sensitivity is reflected in a Sharpe ratio of -0.49, which suggests that the returns generated have not adequately compensated investors for the level of risk taken. The maximum drawdown of -36.21% further illustrates the potential for severe capital erosion during market downturns. Together, these metrics imply that the ETF experiences amplified swings in both up and down markets, leading to substantial periods of underperformance relative to the risk assumed. The combination of a negative Sharpe ratio and a deep maximum drawdown highlights a profile where the fund has struggled to provide consistent risk-adjusted returns during the measured periods.

AI-generated summary based on the data on this page.

ARKW Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 52.5% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how ARKW's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With ARKW

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with ARKW's top 10 — ARKK overlaps most, holding 6 of the same companies as ARKW's top 10 (34.6% of ARKW's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

ARKW Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 11.39% and average daily volume is 97K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $1.67B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: ARKW is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

ARKW Performance History

How ARKW Compares to Other Thematic ETFs