Investment Advisor Says 'Throwing Random Darts At Tickers' Would Beat ARKK As Cathie Wood's Flagship Fund Lags Far Behind Soaring Market: 'How Do They Do It?!'
Portfolio Pulse from Shanthi Rexaline
Ark Investment Management, led by Cathie Wood, is facing significant underperformance in 2024, with its flagship ETF ARKK trading over 70% below its all-time high. Investment advisor Ram Ahluwalia criticizes Ark's strategy, highlighting missed bets and an over-reliance on 'vision' over fundamentals. Key ETFs like ARKG and ARKQ are also underperforming compared to the broader market.
May 20, 2024 | 10:51 am
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NEGATIVE IMPACT
ARK Genomic Revolution ETF (ARKG) is down 19.14% YTD, significantly underperforming the broader market.
ARKG's significant YTD decline indicates a negative short-term impact on its price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Ark Innovation ETF (ARKK) is trading over 70% below its all-time high, significantly underperforming the broader market. Concerns are raised about its future viability.
ARKK's significant underperformance compared to the broader market and the critical comments from investment advisor Ram Ahluwalia suggest a negative short-term impact on its price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
ARK Autonomous Technology & Robotics ETF (ARKQ) is down 2.62% YTD, underperforming the broader market.
ARKQ's YTD decline suggests a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Ginkgo Bioworks Holdings, Inc. (DNA) is one of the companies Ark invested in, which has been criticized for lacking proper evaluation.
DNA's association with Ark's criticized investment strategy suggests a negative short-term impact on its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
SoFi Technologies, Inc. (SOFI) is another company Ark invested in, which has been criticized for lacking proper evaluation.
SOFI's association with Ark's criticized investment strategy suggests a negative short-term impact on its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Tesla, Inc. (TSLA) is one of Ark's top holdings, which hasn't delivered the returns the firm anticipated.
TSLA's underperformance as one of Ark's top holdings suggests a negative short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
ARK Fintech Innovation ETF (ARKF) has a modest YTD change of +1.89%, underperforming the broader market.
While ARKF is not performing as poorly as ARKK, it is still underperforming the broader market, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
ARK Next Generation Internet ETF (ARKW) has a modest YTD change of +3.02%, underperforming the broader market.
While ARKW is not performing as poorly as ARKK, it is still underperforming the broader market, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
ARK Space Exploration & Innovation ETF (ARKX) has a modest YTD change of +1.23%, underperforming the broader market.
While ARKX is not performing as poorly as ARKK, it is still underperforming the broader market, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nvidia Corp. (NVDA) was sold early by Ark, missing out on the AI boom, which has been a point of criticism.
NVDA's missed opportunity by Ark suggests that NVDA has been performing well, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) is up 11.74% YTD, hitting record highs and outperforming Ark's ETFs.
SPY's strong performance and record highs indicate a positive short-term impact on its price.
CONFIDENCE 100
IMPORTANCE 50
RELEVANCE 50