ACVA vs ARKK: Correlation
How closely do ACV Auctions Inc. (ACVA) and ARK Innovation ETF (ARKK) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACVA and ARKK?
On 3 years of weekly data the ACVA/ARKK correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 1060.9 %².
Within ACVA's tracked universe of 14 assets, ARKK comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ARKK ahead by 53.0 points (-37.3% versus +15.7%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACVA vs ARKK: side by side
| ACVA (ACV Auctions Inc.) | ARKK (ARK Innovation ETF) | |
|---|---|---|
| 1-year return | -37.3% | +15.7% |
| 5-year return | -64.2% | -27.7% |
| Volatility (ann.) | 57.0% | 38.8% |
| Beta vs S&P 500 | 1.76 | 2.07 |
| Max drawdown (3Y) | -82.1% | -39.6% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | ACVA | ARKK |
|---|---|---|
| 2022 | -56.4% | -67.0% |
| 2023 | +84.5% | +69.0% |
| 2024 | +42.6% | +8.4% |
| 2025 | -62.9% | +35.5% |
| 2026 | -10.0% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACVA and ARKK good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACVA and ARKK?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.42 over the last year and 0.47 over 5 years.
Is ARKK a good diversifier for ACVA?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acva-vs-arkk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acva-vs-arkk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACVA correlations · ARKK correlations
