ARK Space & Defense Innovation ETF (ARKX) — Stock Correlations & Overview
Over the past year, ARKX has moved most closely with ARKQ, ROKT, XAR. Explore the stocks most correlated and inversely correlated with ARKX below, along with its price, financials, and company profile.
Stocks correlated with ARKX
Correlation of daily returns. Higher positive values move with ARKX; negative values move opposite it. Informational only, not investment advice.
Most correlated with ARKX
| Symbol | Company | Correlation |
|---|---|---|
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.97 |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | 0.90 |
| XAR | State Street SPDR S&P Aerospace & Defense ETF | 0.88 |
| KOMP | State Street SPDR S&P Kensho New Economies Composite ETF | 0.88 |
| FITE | State Street SPDR S&P Kensho Future Security ETF | 0.88 |
Most inversely correlated with ARKX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.80 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.75 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.75 |
| TWM | ProShares UltraShort Russell2000 | -0.75 |
| RWM | ProShares Short Russell2000 | -0.74 |
Frequently asked questions about ARKX correlations
- Which stocks are most correlated with ARKX?
- Based on one year of daily returns, the stocks most correlated with ARK Space & Defense Innovation ETF (ARKX) are ARKQ (0.97), ROKT (0.90) and XAR (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ARKX?
- Over the past year, the stocks most inversely correlated with ARK Space & Defense Innovation ETF (ARKX) are SARK (-0.80), TZA (-0.75) and SRTY (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ARKX correlations calculated?
- We compute the correlation of daily returns between ARKX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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