ARKW vs THRO
ARK Next Generation Technology ETF vs iShares US Thematic Rotation Active ETF
Which is better, ARKW or THRO?
Each has led over a different period.
THRO has a lower expense ratio. ARKW led over 3Y, THRO over 1Y and the full window. THRO is less concentrated, with 43.1% of the fund in its ten largest positions against 46.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ARKW | THRO |
|---|---|---|
| Expense Ratio | 0.76% | 0.57%Best |
| AUM | $1.6B | $6.9B |
| Dividend Yield | 1.49% | 0.25% |
| Holdings | 88 | 251 |
| YTD Return | +11.15% | +15.75%Best |
| 1Y Return | -3.50% | +19.11%Best |
| 3Y Return (annualized) | +46.17%Best | +24.17% |
| 5Y Return (annualized) | +3.43% | - |
| Volatility (annualized) | 41.5% | 17.4%Best |
| Max Drawdown | -70.3% | -26.5%Best |
| $10,000 over 4.8 years | $14,643 | $18,333Best |
| Top 10 Weight | 46.9% | 43.1%Best |
| Fund Family | Ark Invest | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Sep 30, 2014 | Dec 14, 2021 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 16, 2021 to Oct 13, 2026 (4.8 years).
ARKW vs THRO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.8 years both funds cover.
ARKW vs THRO Performance
ARK Next Generation Technology ETF (ARKW) is an ETF from Ark Invest and iShares US Thematic Rotation Active ETF (THRO) is an ETF from BlackRock, Inc. (US). Over the past year ARKW returned -3.50% while THRO returned +19.11%. Year to date, ARKW is up 11.15% versus a gain of 15.75% for THRO.
Over three years, ARKW compounded at +46.17% per year against +24.17% for THRO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARKW has been the more volatile fund, with annualized monthly volatility of 41.5% compared with 17.4% for THRO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.3% for ARKW and -26.5% for THRO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ARKW charges 0.76% per year while THRO charges 0.57%. On a $10,000 position that is $76 vs $57 annually, a gap of $19 per year that compounds over a long holding period. On income, ARKW currently yields 1.49% against 0.25% for THRO.
Holdings Overlap
40.7% of ARKW's money is in holdings THRO also owns. 26.9% of THRO's money is in holdings ARKW also owns.
The two portfolios partly overlap.
12 positions in common, counted across the 42 positions we hold weights for in ARKW and 247 in THRO, against full books of 88 and 251.
What only one of them owns
Our book lists 156 positions for THRO that do not appear in our book for ARKW (71.9% of the fund), and 25 for ARKW that do not appear in THRO (50.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ARKW | Weight in THRO | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.45% | 8.15% | 4.70% |
| TSLATesla Inc | 7.72% | 1.68% | 6.04% |
| AMZNAmazon.Com Inc | 3.76% | 4.70% | 0.94% |
| AMDAdvanced Micro Devices Inc | 4.17% | 1.41% | 2.76% |
| SPCXSpace Exploration Technologies | 4.51% | 0.67% | 3.84% |
| GOOGAlphabet Inc. C | 3.27% | 1.86% | 1.41% |
| AVGOBroadcom Inc | 2.46% | 2.35% | 0.11% |
| METAMeta Platforms Inc | 3.07% | 1.60% | 1.47% |
| GOOGLAlphabet Inc,class A | 0.01% | 3.72% | 3.71% |
| SQBlock Inc | 3.69% | 0.00% | 3.69% |
40.7% of ARKW is already inside THRO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, ARKW or THRO?
ARKW has an expense ratio of 0.76% while THRO charges 0.57%. THRO is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, ARKW or THRO?
Over the past year ARKW returned -3.50% vs +19.11% for THRO, so THRO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARKW or THRO?
ARKW has been the more volatile fund at 41.5% annualized versus 17.4% for THRO. Worst drawdown: ARKW -70.3% vs THRO -26.5%.
Should I hold both ARKW and THRO?
ARKW and THRO have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ARKW and THRO?
40.7% of ARKW's money is in holdings THRO also owns. 26.9% of THRO's is in holdings ARKW also owns. They hold 12 positions in common, counted across the 42 positions we hold weights for in ARKW and 247 in THRO.
Which pays a higher dividend, ARKW or THRO?
ARKW yields 1.49% while THRO yields 0.25%, so ARKW currently pays the higher dividend yield.
Is THRO better than ARKW?
THRO has a lower expense ratio. ARKW led over 3Y, THRO over 1Y and the full window. THRO is less concentrated, with 43.1% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.