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ARKW

GradeDChicago Board Options Exchange

ARK Next Generation Internet ETF

Themes · ARK · Inception 2014-09-30 · SEC filings

$164.58−1.31 (−0.79%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 67 prints from 165.89 to 164.58. Range 163.66 to 166.61. Use the arrow keys to read each point.$164.00$165.00$166.0010 AM12 PM2 PM4 PM
Expense ratio
0.76%
Fund size
$1.6B
1Y return
−2.4%
Yield · Last 12 months
1.42%
Volume · 30D
0.1M sh
NAV per share
$166.17
52W range
low $113.36high $183.00

The ETF.net ARKW Grade

D

39/ 100

Rank 24 of 31 in Disruptive Innovation⁠

Confidence High

Six-pillar profile for ARKW. Scores out of 100: Cost 27, Risk 18, Mission 54, Tradability 66, Holdings 44, Durability 84. Strongest: Durability (84). Weakest: Risk (18). Leans toward Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 39 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    Category rank21/31 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 54
    Category rank6/10 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 18
    Category rank28/31 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 66
    Category rank8/31 · top 26%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank20/31 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 84
    Category rank4/31 · top 13%

Graded as of Sep 22, 2026

Our read on ARKW

ETF.net Research

DARK's internet-native sibling to its flagship: a decade-old, actively managed, globally invested portfolio of next-generation internet companies. No index to hug, no closet benchmark, just a concentrated list picked by conviction.

Stated mandate

The fund seeks long-term capital growth through an actively managed portfolio investing primarily in domestic and foreign equities connected to the next-generation-internet theme.

Why people hold it

  1. 01Genuinely active, not index-shaped: managers hand-pick next-generation internet names across US and foreign markets instead of tracking a benchmark.
  2. 02Trading since 2014, giving it a decade-plus operating history, rare for a fund built around a single technology story.
  3. 03A multi-billion-dollar fund that stays one of the easier active thematic ETFs to get in and out of, despite how focused the portfolio is.

Worth knowing

  1. 01At 0.76% a year it runs above the typical active US equity ETF and several times the fee on quant core funds like DFAC (0.17%) or AVLC (0.15%).
  2. 02Concentration cuts both ways: a focused, high-conviction book has swung far harder than a broad market fund, and a few positions drive most of the result.
  3. 03Distributions come only annually or semiannually. This is a growth-mandate fund, not an income one.

ARKW Holdings

As of Sep 20, 2026, 5:45 AM
Asset class
Stocks
Holdings
—
Top-10 weight
44%
Largest holding
TSLA7.7%

Sectors

  • Technology51.5%
  • Financials16.1%
  • Consumer Discr.15.1%
  • Communication12.2%
  • Industrials5.1%

Geography

  • United States87.65%
  • Canada4.69%
  • Taiwan2.30%
  • Cayman Islands1.83%
  • Sweden1.38%
  • Uruguay1.20%
  • United Kingdom0.94%
  • Ireland0.01%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSLATESLA INC7.65%392,551$144M509
002HOODROBINHOOD MARKETS INC - A4.74%811,109$89M331
003SPCXSPACE EXPLORATION TECHN-CL A4.71%571,480$88M268
004CRCLCIRCLE INTERNET GROUP INC4.40%971,276$83M153
005AMDADVANCED MICRO DEVICES4.07%140,152$76M618
006AMZNAMAZON.COM INC3.73%278,558$70M720
007—ARK BITCOIN ETF HOLDCO (ARKW)3.66%2,712,654$69M1
008COINCOINBASE GLOBAL INC -CLASS A3.65%394,119$69M266
009SHOPSHOPIFY INC - CLASS A3.60%526,066$68M111
010METAMETA PLATFORMS INC-CLASS A3.60%99,120$68M683
011XYZBLOCK INC3.54%868,827$66M126
012CRWVCOREWEAVE INC-CL A3.47%816,669$65M242
013GOOGALPHABET INC-CL C3.41%186,272$64M471
014NVDANVIDIA CORP3.37%288,308$63M828
015PLTRPALANTIR TECHNOLOGIES INC-A2.62%278,960$49M503

Showing 1–15 of 43 holdings

ARKW Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ARKW$9,756
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ARKW $9,756. SPY $11,723. Use the arrow keys to read each point.$6,328$9,246$12,164Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ARKW. Periods over one year show the average yearly return.
PeriodARKW
Year to date+12.3%
1 month+6.7%
3 months+15.8%
1 year−2.4%
3 years+47.3%per year
5 years+3.3%per year
10 years+23.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ARKW
YearReturn barARKW
2026 YTD+12.3%
2025+38.9%
2024+42.3%
2023+96.9%
2022−67.5%
2021−16.7%
2020+157.5%

ARKW in the news

ARKW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.42%Last 12 months
Payout per share
$2.35Last 12 months
Last payment
$2.35 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2017–2026

One bar per payment. 5 payments from 2017 to 2026 YTD. Dec 27, 2017 $0.94; Dec 27, 2018 $5.54; Dec 29, 2020 $1.89; Dec 29, 2021 $3.31; Dec 26, 2025 $2.35. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 29, 2025$2.35
Dec 29, 2021Dec 31, 2021$3.31
Dec 29, 2020Dec 31, 2020$1.89
Dec 27, 2018Dec 31, 2018$5.54
Dec 27, 2017Dec 29, 2017$0.94
Dec 24, 2015Data unavailable$0.53

ARKW Risk

How much the fund’s monthly returns vary, scaled to a year.
37.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.95
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−76.8%
Trough Dec 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.34
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ARKW Cost

Expense ratio0.76%
  • The middle half of Disruptive Innovation funds
  • Median 0.65%

25 of the 31 Disruptive Innovation funds charge less.

ARKW costs $76.00 a year on $10,000. The median Disruptive Innovation fund costs $65.00.