Cathie Wood's ARKK Grew By 70% In 2023, But Has Already Dropped 4% This Year. What Will The Rest Of 2024 Have In Store? How Can Bears And Bulls Maximize Their View Of ARKK?
Portfolio Pulse from Johnny Rice
Cathie Wood's ARK Innovation ETF (ARKK) experienced a 70% growth in 2023 but has seen a 4% decline in 2024. ARKK, known for investing in disruptive innovation companies like Tesla and Coinbase, is subject to volatility. AXS Investments offers products for both bullish and bearish views on ARKK, including the AXS 2X Innovation ETF (TARK) for bulls and the AXS Short Innovation Daily ETF (SARK) for bears, with options trading available for both.
February 21, 2024 | 4:54 pm
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NEGATIVE IMPACT
ARKK, led by Cathie Wood, focuses on disruptive innovation but has seen a 4% decline in 2024 after a 70% growth in 2023.
ARKK's recent performance dip, despite its previous success, suggests potential short-term volatility, especially given its focus on high-risk disruptive innovation sectors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Coinbase, as a significant holding in ARKK, is crucial to the ETF's performance dynamics.
Coinbase's position as a major investment for ARKK means its performance could influence ARKK's, though the immediate impact on COIN stock is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Tesla is one of ARKK's biggest holdings, indicating its performance could impact ARKK's value.
Tesla's significance as a major holding in ARKK suggests its performance is closely tied to ARKK's, but the direct short-term impact on TSLA stock is less clear.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
SARK offers the inverse performance of ARKK for bearish investors, with an expense ratio of .75%.
SARK's inverse performance to ARKK could see increased interest from bearish investors, potentially boosting its price in the short term.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
TARK aims to offer twice the daily return of ARKK for bullish investors, with an expense ratio of .95%.
TARK's goal to provide twice the daily return of ARKK could attract bullish investors, potentially increasing its demand and price in the short term.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 80