Ark Industrial Innovation ETF
ALTAR
Score™
0.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
99.5x P/Sales
ratio
3.7x
P/BV
ratio
4.0x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ARK Industrial Innovation ETF is an actively-managed exchange-traded fund incorporated in the USA. The Fund will invest in equity securities of companies relevant to the theme of industrial innovation. Companies are expected to focus on the development of new products and services, technological improvements, and advancements in scientific research related to multiple industries.

FUND BASICS
Category Global Equities
Fund Sponsor ARK Investment Management LLC
Website www.ark-funds.com
Inception date Sep 30, 2014
Assets (mns) $339
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Proprietary
Index replication N/A
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 37
Wgt avg mkt cap (mns) $125,527
Large cap (>$10bn) 59.8%
Mid cap ($2-10bn) 20.7%
Small cap (<$2bn) 19.6%
Developed mkts 93.4%
Emerging mkts 6.7%

TOP TEN HOLDINGS
TESLA MOTORS INC 15.6 %
2U INC 8.6 %
XILINX INC 6.5 %
MATERIALISE NV SPONSORED ADR 5.3 %
PROTO LABS INC 5.0 %
STRATASYS LTD. 4.6 %
JD.COM INC-ADR 3.1 %
SPLUNK INC 3.0 %
TERADYNE INC 2.7 %
TRIMBLE NAVIGATION LTD 2.7 %
Total 56.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.7 %
CHINA 5.9 %
BELGIUM 5.3 %
NETHERLANDS 1.9 %
ISRAEL 1.2 %
TAIWAN 1.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
27.4% 40.1% 20.4% -- 17.4%

Market Correlations
versus... Beta R-squared
S&P500 1.32 77%
MSCI EAFE 1.28 64%
MSCI Emg. Mkts. 0.97 58%

Technical Indicators
Recent close $50.26
30d moving avg. $46.57
Annualized volatility 25.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 9.8%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 134
Turnover 2.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $57,859

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Ark Industrial Innovation ETF ETF based on the alternatives' overlap in portfolio holdings with ARKQ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ARKQ Expense: 75 bp ALTAR Score™: 0.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ARKQ
Ticker Fund
Name
Overlap1
vs ARKQ
(%)
Expense
ratio
(bp)
Savings
vs ARKQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs ARKQ
(%)
ARKK ARK Innovation ETF 31.8 75 0 -2.7 -3.4
ARKW ARK Web x.0 ETF 27.4 76 -1 -0.8 -1.5
IQM Franklin Intelligent Machines ETF 23.7 50 25 2.0 +1.3
SFYF SoFi 50 ETF 22.0 29 46 5.1 +4.4
XNTK SPDR NYSE Technology ETF 21.7 35 40 3.5 +2.8
PRNT The 3D Printing ETF 21.5 66 9 1.2 +0.5
LOUP Innovator Loup Frontier Tech ETF 20.9 70 5 3.9 +3.2
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 20.4 50 25 3.9 +3.2
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 17.6 57 18 4.8 +4.1
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 17.3 65 10 3.8 +3.1
GIGE SoFi Gig Economy ETF 14.6 59 16 -0.5 -1.2
THNQ ROBO Global Artificial Intelligence ETF 14.6 68 7 1.8 +1.2
DRIV Global X Autonomous & Electric Vehicles ETF 14.5 68 7 5.4 +4.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 14.5 15 60 4.0 +3.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 14.4 59 16 4.1 +3.5
FMK First Trust Mega Cap AlphaDEX Fund 14.4 70 5 5.2 +4.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 14.4 35 40 4.3 +3.7
MOTO SmartETFs Smart Transportation & Technology ETF 14.3 68 7 7.5 +6.9
ROBO Robo Global Robotics & Automation Index ETF 14.1 95 -20 3.5 +2.9
QYLD Global X NASDAQ 100 Covered Call ETF 14.1 60 15 3.5 +2.8
NUSI Nationwide Risk-Managed Income ETF 14.0 68 7 3.4 +2.8
FDG American Century Focused Dynamic Growth ETF 14.0 45 30 1.7 +1.0
QQQ Invesco QQQ Trust 13.8 20 55 3.7 +3.1
XKST SPDR Kensho Smart Mobility ETF 13.5 45 30 5.3 +4.6
IDRV iShares Self-driving EV & Tech ETF 13.4 47 28 7.0 +6.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 13.4 75 0 1.9 +1.3
JKE iShares Morningstar Large-Cap Growth ETF 13.0 25 50 2.8 +2.1
FTXR First Trust Nasdaq Transportation ETF 12.5 60 15 6.4 +5.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 12.3 21 54 2.9 +2.2
CARZ First Trust NASDAQ Global Auto Index Fund 12.0 70 5 14.7 +14.0
CACG ClearBridge All Cap Growth ETF 11.7 54 21 4.3 +3.7
GDAT Goldman Sachs Motif Data-Driven World Etf 11.7 50 25 4.8 +4.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 11.6 59 16 3.6 +2.9
GEX VanEck Vectors Global Alternative Energy ETF 11.6 62 13 4.3 +3.7
GVIP Goldman Sachs Hedge Industry VIP ETF 11.3 45 30 4.6 +4.0
QTUM Defiance Quantum ETF 11.3 40 35 5.6 +5.0
ESG FlexShares STOXX US ESG Impact Index Fund 11.2 32 43 5.1 +4.4
TMFC Motley Fool 100 Index ETF 11.0 50 25 3.6 +3.0
VUG Vanguard Growth Index Fund 11.0 4 71 4.0 +3.3
IWF iShares Russell 1000 Growth ETF 11.0 19 56 4.1 +3.4
NULG Nuveen ESG Large-Cap Growth ETF 10.9 35 40 3.5 +2.9
SCHG Schwab U.S. Large-Cap Growth ETF 10.9 4 71 4.0 +3.4
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 10.7 60 15 0.3 -0.3
IRBO iShares Robotics & Artificial Intelligence ETF 10.6 47 28 2.6 +2.0
VONG Vanguard Russell 1000 Growth Index Fund 10.6 8 67 4.2 +3.5
MGK Vanguard Mega Cap Growth ETF 10.5 7 68 4.0 +3.4
IWY iShares Russell Top 200 Growth ETF 10.5 20 55 4.0 +3.4
LEGR First Trust Index Digital Transaction & Process Technology E 10.4 65 10 7.1 +6.5
FTC First Trust Large Cap Growth AlphaDEX Fund 10.2 61 14 2.8 +2.2
LRGE ClearBridge Large Cap Growth ESG ETF 10.2 59 16 3.7 +3.1
ARKF ARK Fintech Innovation ETF 10.1 75 0 0.4 -0.2
IGM iShares Expanded Tech Sector ETF 10.1 46 29 3.7 +3.0
IQSU IQ Candriam ESG US Equity ETF 10.0 9 66 5.0 +4.4
JHMT John Hancock Multifactor Technology ETF 10.0 40 35 4.8 +4.2
IETC iShares Evolved U.S. Technology ETF 9.9 18 57 3.7 +3.0
IUSG iShares Core S&P US Growth ETF 9.8 4 71 4.3 +3.6
VOOG Vanguard S&P 500 Growth ETF 9.8 10 65 4.2 +3.6
SPYG SPDR Portfolio S&P 500 Growth ETF 9.8 4 71 4.3 +3.6
IVW iShares S&P 500 Growth ETF 9.8 18 57 4.1 +3.5
WUGI Esoterica NextG Economy ETF 9.7 75 0 1.7 +1.1
LRNZ TrueMark Technology, AI & Deep Learning ETF 9.7 68 7 0.7 +0.1
RYT Invesco S&P 500 Equal Weight Technology ETF 9.7 40 35 6.7 +6.1
FXL First Trust Technology AlphaDEX Fund 9.7 61 14 3.0 +2.4
PDP Invesco DWA Momentum ETF 9.6 62 13 2.7 +2.1
ADME Aptus Drawdown Managed Equity ETF 9.5 81 -6 3.5 +2.9
TECB iShares US Tech Breakthrough Multisector ETF 9.5 40 35 3.9 +3.2
ESGU iShares MSCI USA ESG Optimized ETF 9.4 15 60 5.1 +4.5
SOXX iShares PHLX Semiconductor ETF 9.4 46 29 5.2 +4.5
IWL iShares Russell Top 200 ETF 9.4 15 60 5.0 +4.4
BKLC BNY Mellon US Large Cap Core Equity ETF 9.3 0 75 5.2 +4.6
ESGV Vanguard ESG U.S. Stock ETF 9.3 12 63 5.2 +4.5
PNQI Invesco NASDAQ Internet ETF 9.2 62 13 1.0 +0.4
FIVG Defiance Next Gen Connectivity ETF 9.2 30 45 4.8 +4.1
TTTN UP Fintech China-U.S. Internet Titans ETF 9.2 59 16 3.9 +3.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 9.2 95 -20 8.2 +7.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 9.2 49 26 5.2 +4.5
MGC Vanguard Mega Cap Index Fund 9.1 7 68 5.2 +4.6
JMOM JPMorgan U.S. Momentum Factor ETF 9.1 12 63 3.8 +3.2
SFY SoFi Select 500 ETF 9.1 0 75 5.2 +4.6
PBUS Invesco PureBeta MSCI USA ETF 9.1 4 71 5.3 +4.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 9.0 7 68 5.2 +4.6
WOMN Impact Shares YWCA Women's Empowerment ETF 9.0 75 0 4.5 +3.9
SMH VanEck Vectors Semiconductor ETF 9.0 35 40 5.3 +4.6
SCHX Schwab U.S. Large-Cap ETF 9.0 3 72 5.3 +4.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 8.9 2 73 5.3 +4.7
VV Vanguard Large-Cap Index Fund 8.9 4 71 5.3 +4.6
IYK iShares U.S. Consumer Goods ETF 8.9 42 33 5.3 +4.6
CATH Global X S&P 500 Catholic Values Custom ETF 8.8 29 46 5.2 +4.6
SNPE Xtrackers S&P 500 ESG ETF 8.8 11 64 5.1 +4.4
VEGN US Vegan Climate ETF 8.8 60 15 5.2 +4.5
SPXN ProShares S&P 500 Ex-Financials ETF 8.8 27 48 5.0 +4.3
IYY iShares Dow Jones U.S. ETF 8.8 20 55 5.2 +4.5
BLOK Amplify Transformational Data Sharing ETF 8.8 70 5 4.5 +3.9
IYW iShares U.S. Technology ETF 8.7 42 33 3.9 +3.2
SCHK Schwab 1000 Index ETF 8.7 5 70 5.3 +4.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 8.7 12 63 4.9 +4.2
VONE Vanguard Russell 1000 ETF 8.7 8 67 5.3 +4.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 8.7 68 7 3.9 +3.2
SPXV ProShares S&P 500 Ex-Health Care ETF 8.7 27 48 5.0 +4.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 8.7 42 33 5.4 +4.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Ark Industrial Innovation ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.4 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 0.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.50
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.