ETF Versus

ARKK vs SPY

ARK Innovation ETF vs State Street SPDR S&P 500 ETF Trust

Last updated: 2026-04-02

ARKK ARK

ARK Innovation ETF (ARKK) is an exchange-traded fund issued by ARK that provides exposure to thematic - innovation securities. It charges a high expense ratio of 0.75%. Launched in 2014, the fund has a 12-year track record.

AUM: $5.7B ER: 0.75% Yield: 0.00% Since: Oct 31, 2014
SPY State Street

State Street SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund issued by State Street that provides exposure to large-cap U.S. equities across growth and value styles. It charges a low expense ratio of 0.09%. The fund offers a moderate dividend yield of 1.13%. Launched in 1993, the fund has a 33-year track record.

AUM: $636.7B ER: 0.09% Yield: 1.13% Since: Jan 22, 1993

Quick Verdict

SPY is significantly cheaper at 0.09% vs 0.75% expense ratio, saving you approximately $1.274 per $10,000 invested over 10 years. Over the past year, ARKK has significantly outperformed with a 43.1% return vs 16.8%. Income investors may prefer SPY for its higher yield (1.1% vs 0.0%).

Key Metrics

Metric ARKK SPY
Expense Ratio 0.75% 0.09%
Dividend Yield 0.0% 1.1%
Fund Family ARK State Street
Category Thematic - Innovation US Large Cap Blend

Performance Chart

Indexed to 100 at start (5-year comparison)

20 51 82 113 144 175 2021-04 2022-06 2023-09 2024-12 2026-04
ARKK -43.8%
SPY +61.2%

Performance Comparison

Period ARKK SPY Difference
1 Month -7.84% -4.54% -3.30%
3 Months -12.65% -4.09% -8.56%
6 Months -22.55% -2.09% -20.46%
YTD -12.65% -4.09% -8.56%
1 Year +43.10% +16.80% +26.30%
3 Years +72.81% +59.45% +13.36%
5 Years -43.77% +61.25% -105.02%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period ARKK Fees SPY Fees You Save
$10.000 10 years $1.453 $179 $1.274
$10.000 20 years $6.064 $771 $5.293
$10.000 30 years $18.984 $2.486 $16.498
$50.000 10 years $7.266 $896 $6.370
$50.000 30 years $94.918 $12.428 $82.490
$100.000 30 years $189.836 $24.855 $164.981

Risk Metrics

Based on 5 years of daily returns

Metric ARKK SPY
Annualized Volatility 46.4% 17.1%
Max Drawdown -77.3% -25.4%
Sharpe Ratio -0.12 0.38

Dividend Comparison

Metric ARKK SPY
Annual Dividend (per share) $0.00 $7.38
Dividend Yield 0.00% 1.13%
Distribution Frequency None Quarterly

Top Holdings

1 of top 9 holdings overlap (11% overlap in top holdings)

ARKK Top Holdings

NameWeight
Tesla, Inc.TSLA10.41%
CRISPR Therapeutics AGCRSP6.21%
Tempus AI, Inc.TEM4.89%
Shopify Inc.SHOP4.80%
Circle Internet Group, Inc.CRCL4.52%
Coinbase Global, Inc.COIN4.41%
Robinhood Markets, Inc.HOOD4.27%
Roku, Inc.ROKU3.99%
Advanced Micro Devices, Inc.AMD3.97%
Palantir Technologies Inc.PLTR3.57%

SPY Top Holdings

NameWeight
NVIDIA CorporationNVDA7.58%
Apple Inc.AAPL6.66%
Microsoft CorporationMSFT4.91%
Amazon.com, Inc.AMZN3.64%
Broadcom Inc.AVGO2.62%
Alphabet Inc.GOOG2.40%
Meta Platforms, Inc.META2.24%
Tesla, Inc.TSLA1.87%
Berkshire Hathaway Inc.BRK.B1.57%

Which One Should You Choose?

Choose SPY if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose ARKK if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SPY if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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