ARK Web x.0 ETF
ALTAR
Score™
-0.8% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-1,002.3x P/Sales
ratio
7.7x
P/BV
ratio
10.6x Div.
yield
0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ARK Web x.O 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 Web x.O. These companies are focused on shifting technology infrastructure from hardware and software to the cloud, enabling mobile and local services. Companies may generate their entire business through websites.

FUND BASICS
Category Global Equities
Fund Sponsor ARK Investment Management LLC
Website www.ark-funds.com
Inception date Sep 30, 2014
Assets (mns) $1,551
Currency USD
Expense ratio 76 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 49
Wgt avg mkt cap (mns) $155,704
Large cap (>$10bn) 74.8%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 4.4%
Developed mkts 89.1%
Emerging mkts 10.9%

TOP TEN HOLDINGS
TESLA MOTORS INC 11.7 %
SQUARE, INC. CLASS A 9.0 %
ROKU, INC. CLASS A 6.6 %
2U INC 4.0 %
ZILLOW GROUP, INC. CLASS C 3.6 %
LENDINGTREE, INC. 3.1 %
SNAP, INC. CLASS A 3.0 %
HUYA, INC. SPONSORED ADR CLASS A 3.0 %
TENCENT HOLDINGS LTD-UNS ADR 2.9 %
AMAZON.COM INC 2.8 %
Total 49.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 83.9 %
CHINA 8.8 %
LUXEMBOURG 2.3 %
ARGENTINA 1.8 %
SINGAPORE 1.7 %
BRITAIN 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.
47.3% 63.1% 34.1% -- 32.3%

Market Correlations
versus... Beta R-squared
S&P500 1.38 68%
MSCI EAFE 1.28 51%
MSCI Emg. Mkts. 1.03 52%

Technical Indicators
Recent close $96.65
30d moving avg. $81.91
Annualized volatility 28.3%
Short interest (ETF) 0.8%
Short interest (Underlying) 9.1%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 468
Turnover 2.9%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $88,531

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the ARK Web x.0 ETF ETF based on the alternatives' overlap in portfolio holdings with ARKW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ARKW Expense: 76 bp ALTAR Score™: -0.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ARKW
Ticker Fund
Name
Overlap1
vs ARKW
(%)
Expense
ratio
(bp)
Savings
vs ARKW
(bp)
ALTAR
Score™
(%)
ALTAR
vs ARKW
(%)
ARKK ARK Innovation ETF 52.1 75 1 -2.7 -1.9
ARKF ARK Fintech Innovation ETF 46.5 75 1 0.4 +1.3
GIGE SoFi Gig Economy ETF 30.4 59 17 -0.5 +0.3
OGIG O'Shares Global Internet Giants ETF 30.2 48 28 0.6 +1.5
XITK SPDR FactSet Innovative Technology ETF 29.9 45 31 0.3 +1.1
SFYF SoFi 50 ETF 28.1 29 47 5.1 +5.9
ARKQ Ark Industrial Innovation ETF 27.4 75 1 0.6 +1.5
THNQ ROBO Global Artificial Intelligence ETF 25.6 68 8 1.8 +2.6
FDG American Century Focused Dynamic Growth ETF 24.4 45 31 1.7 +2.5
XNTK SPDR NYSE Technology ETF 22.5 35 41 3.5 +4.3
BOSS Global X Founder-Run Companies ETF 22.0 45 31 3.7 +4.5
PNQI Invesco NASDAQ Internet ETF 21.2 62 14 1.0 +1.8
PLAT WisdomTree Modern Tech Platforms Fund 20.1 45 31 1.1 +1.9
AIQ Global X Future Analytics Tech ETF 19.8 68 8 3.7 +4.6
GVIP Goldman Sachs Hedge Industry VIP ETF 19.6 45 31 4.6 +5.4
MILN Global X Millennials Thematic ETF 18.7 50 26 2.4 +3.2
GBUY Goldman Sachs Motif New Age Consumer ETF 18.6 50 26 1.8 +2.6
TECB iShares US Tech Breakthrough Multisector ETF 18.5 40 36 3.9 +4.7
FDN First Trust Dow Jones Internet Index Fund 17.7 52 24 2.1 +2.9
SKYY First Trust Cloud Computing ETF 17.4 60 16 2.1 +2.9
IRBO iShares Robotics & Artificial Intelligence ETF 17.3 47 29 2.6 +3.5
BUYZ Franklin Disruptive Commerce ETF 17.1 50 26 -0.2 +0.6
FXL First Trust Technology AlphaDEX Fund 16.4 61 15 3.0 +3.9
GENY Principal Millennials Index ETF 16.4 45 31 3.7 +4.5
PTF Invesco DWA Technology Momentum ETF 16.4 60 16 1.1 +2.0
ENTR Entrepreneur 30 Fund 16.3 49 27 2.4 +3.3
WUGI Esoterica NextG Economy ETF 16.1 75 1 1.7 +2.5
XWEB SPDR S&P Internet ETF 16.0 35 41 -0.2 +0.6
IETC iShares Evolved U.S. Technology ETF 16.0 18 58 3.7 +4.5
IWF iShares Russell 1000 Growth ETF 15.9 19 57 4.1 +4.9
FPX First Trust US IPO Index Fund 15.9 58 18 2.5 +3.3
IGM iShares Expanded Tech Sector ETF 15.4 46 30 3.7 +4.5
JKH iShares Morningstar Mid-Cap Growth ETF 15.3 30 46 2.2 +3.0
QYLD Global X NASDAQ 100 Covered Call ETF 15.2 60 16 3.5 +4.3
TMFC Motley Fool 100 Index ETF 15.2 50 26 3.6 +4.5
VONG Vanguard Russell 1000 Growth Index Fund 15.2 8 68 4.2 +5.0
VUG Vanguard Growth Index Fund 15.1 4 72 4.0 +4.8
NUSI Nationwide Risk-Managed Income ETF 15.1 68 8 3.4 +4.2
QQQ Invesco QQQ Trust 15.0 20 56 3.7 +4.6
SCHG Schwab U.S. Large-Cap Growth ETF 15.0 4 72 4.0 +4.9
FMK First Trust Mega Cap AlphaDEX Fund 14.9 70 6 5.2 +6.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 14.7 21 55 2.9 +3.7
ECOZ TrueMark ESG Active Opportunities ETF 14.5 58 18 4.3 +5.1
GDAT Goldman Sachs Motif Data-Driven World Etf 14.5 50 26 4.8 +5.6
FTC First Trust Large Cap Growth AlphaDEX Fund 14.5 61 15 2.8 +3.7
LRNZ TrueMark Technology, AI & Deep Learning ETF 14.5 68 8 0.7 +1.6
IWY iShares Russell Top 200 Growth ETF 14.4 20 56 4.0 +4.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 14.2 75 1 3.7 +4.6
CACG ClearBridge All Cap Growth ETF 14.1 54 22 4.3 +5.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 14.0 15 61 4.0 +4.9
MGK Vanguard Mega Cap Growth ETF 13.9 7 69 4.0 +4.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 13.8 59 17 4.1 +4.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 13.8 35 41 4.3 +5.2
JKE iShares Morningstar Large-Cap Growth ETF 13.8 25 51 2.8 +3.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 13.1 49 27 5.2 +6.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 13.1 57 19 4.8 +5.6
ESGV Vanguard ESG U.S. Stock ETF 13.0 12 64 5.2 +6.0
PDP Invesco DWA Momentum ETF 12.9 62 14 2.7 +3.5
IWL iShares Russell Top 200 ETF 12.8 15 61 5.0 +5.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.8 60 16 4.3 +5.2
ESGU iShares MSCI USA ESG Optimized ETF 12.7 15 61 5.1 +5.9
DTEC ALPS Disruptive Technologies ETF 12.7 50 26 3.5 +4.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 12.7 7 69 5.2 +6.0
SFY SoFi Select 500 ETF 12.6 0 76 5.2 +6.0
QGRO American Century STOXX U.S. Quality Growth ETF 12.5 29 47 3.1 +3.9
PBUS Invesco PureBeta MSCI USA ETF 12.4 4 72 5.3 +6.1
ESG FlexShares STOXX US ESG Impact Index Fund 12.3 32 44 5.1 +5.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 12.3 2 74 5.3 +6.1
MGC Vanguard Mega Cap Index Fund 12.3 7 69 5.2 +6.1
LRGE ClearBridge Large Cap Growth ESG ETF 12.3 59 17 3.7 +4.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 12.3 34 42 4.8 +5.7
BKLC BNY Mellon US Large Cap Core Equity ETF 12.3 0 76 5.2 +6.0
EXT WisdomTree U.S. Total Earnings Fund 12.2 28 48 5.2 +6.1
VOOG Vanguard S&P 500 Growth ETF 12.2 10 66 4.2 +5.0
SPYG SPDR Portfolio S&P 500 Growth ETF 12.2 4 72 4.3 +5.1
IVW iShares S&P 500 Growth ETF 12.2 18 58 4.1 +4.9
IUSG iShares Core S&P US Growth ETF 12.2 4 72 4.3 +5.1
JMOM JPMorgan U.S. Momentum Factor ETF 12.2 12 64 3.8 +4.6
VV Vanguard Large-Cap Index Fund 12.1 4 72 5.3 +6.1
JHMT John Hancock Multifactor Technology ETF 12.1 40 36 4.8 +5.7
TTTN UP Fintech China-U.S. Internet Titans ETF 12.1 59 17 3.9 +4.7
IWB iShares Russell 1000 ETF 12.1 15 61 5.2 +6.0
SCHX Schwab U.S. Large-Cap ETF 12.1 3 73 5.3 +6.1
AIEQ AI Powered Equity ETF 12.1 87 -11 3.6 +4.4
SCHK Schwab 1000 Index ETF 11.9 5 71 5.3 +6.1
XLG Invesco S&P 500 Top 50 ETF 11.9 20 56 4.4 +5.3
OEF iShares S&P 100 ETF 11.9 20 56 4.8 +5.6
VONE Vanguard Russell 1000 ETF 11.9 8 68 5.3 +6.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 11.9 20 56 4.9 +5.8
CLRG IQ Chaikin U.S. Large Cap ETF 11.9 25 51 6.1 +6.9
IYY iShares Dow Jones U.S. ETF 11.9 20 56 5.2 +6.0
VEGN US Vegan Climate ETF 11.8 60 16 5.2 +6.0
ADME Aptus Drawdown Managed Equity ETF 11.7 81 -5 3.5 +4.4
SPXV ProShares S&P 500 Ex-Health Care ETF 11.7 27 49 5.0 +5.8
CARZ First Trust NASDAQ Global Auto Index Fund 11.7 70 6 14.7 +15.5
FTXR First Trust Nasdaq Transportation ETF 11.7 60 16 6.4 +7.3
IWV iShares Russell 3000 ETF 11.7 20 56 5.1 +5.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.6 75 1 1.9 +2.8
SPXN ProShares S&P 500 Ex-Financials ETF 11.6 27 49 5.0 +5.8
CLOU Global X Cloud Computing ETF 11.6 68 8 0.6 +1.4

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 Web x.0 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -0.8 %
Divided by: Fwd. P/BV 10.3 x
Less: Expense ratio 76 bp
Equals: ALTAR Score -0.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.