Skip to content
etf.net

Launched · SEC filings

ARK Next Generation Internet ETF

ARKWCboeD

$165.75−0.33 (−0.20%)

At close: Oct 13, 2026, 4:00 PM

D38/ 100

Rank 24 of 31 in Disruptive Innovation

D38/100Rank 24 of 31inDisruptive Innovation
Intraday session: down, 77 prints from 166.08 to 165.75. Range 164.50 to 166.70. Use the arrow keys to read each point.164.50165.00165.50166.5010 AM12 PM2 PM4 PM
Expense ratio
0.76%
Fund size
$2.0B
1Y total return
−1.3%
Yield · Last 12 months
1.42%
Holdings
42
Avg volume · 30D
0.1M sh
NAV per share
$167.41
52W range
low $113.36high $181.63
Launched
Filings
SEC EDGAR

The ETF.net ARKW Grade

D

Score 38 out of 100

Category
Disruptive Innovation⁠
Rank
24 of 31
Six-pillar profile for ARKW. Scores out of 100: Cost 27, Risk 17, Mission 53, Tradability 68, Holdings 43, Durability 84. Strongest: Durability (84). Weakest: Risk (17). Leans toward Durability.

Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 20 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C53 out of 100
    Rank 6 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F17 out of 100
    Rank 30 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 8 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 out of 100
    Rank 21 of 31

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 4 of 31

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 Oct 12, 2026
Asset class
Stocks
Holdings
42
Top-10 weight
44%
Largest holding
TSLA7.5%

Sectors

  • Technology50.1%
  • Financials16.0%
  • Consumer Discretionary15.6%
  • Communication13.4%
  • Industrials4.9%

Geography

  • United States87.32%
  • Canada5.53%
  • Taiwan2.34%
  • Cayman Islands1.56%
  • Sweden1.21%
  • Uruguay1.15%
  • United Kingdom0.89%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001TSLATesla Inc7.51%390,909$150M521
002SHOPShopify Inc - Class A4.49%523,865$90M131
003METAMeta Platforms Inc-Class A4.28%118,603$85M704
004AMZNAmazon.com Inc4.26%323,195$85M736
005NVDANVIDIA Corp4.17%362,592$83M847
006CRCLCircle Internet Group Inc4.10%967,213$82M158
007HOODRobinhood Markets Inc - A4.05%739,817$81M337
008CRWVCoreweave Inc-Cl A3.92%951,953$78M246
009SPCXSpace Exploration Techn-Cl A3.85%471,292$77M287
010—Ark Bitcoin Etf Holdco (Arkw)3.72%2,712,654$74M1
011COINCoinbase Global Inc -Class A3.54%392,470$70M271
012—Openai Group Pbc Series C3.37%62,528$67M3
013XYZBlock Inc3.36%865,192$67M181
014GOOGAlphabet Inc-Cl C3.24%185,493$65M478
015AMDAdvanced Micro Devices2.96%96,854$59M635

Showing 1–15 of 42 holdings

ARKW Performance

Launched Sep 30, 2014

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

ARKW$9,869
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ARKW $9,869. SPY $12,044. Use the arrow keys to read each point.$6,463$9,468$12,474Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+12.4%
1 month+6.8%
3 months+11.9%
1 year−1.3%
3 yearsper year+46.2%
5 yearsper year+3.9%
10 yearsper year+23.3%

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+12.4%
2025+38.9%
2024+42.3%
2023+96.9%
2022−67.5%
2021−16.7%
2020+157.5%

ARKW in the news

Filtered to ARKW · Disruptive Innovation

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 Oct 12, 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.
37.3%
Annualised · 36 months to Sep 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.
1.05
vs 3-month T-bills · to Sep 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.

Other funds in Disruptive Innovation

See others