ARKK vs BBAI: Correlation
ARK Innovation ETF (ARKK) and BigBear.ai, Inc. (BBAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and BBAI?
On 3 years of weekly data the ARKK/BBAI correlation comes out at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.48). The 5-year figure is 0.32, and annualized covariance runs at 2360.7 %².
Among the 122 assets we track against ARKK, BBAI ranks #78 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ARKK ahead by 53.5 points (+15.7% versus -37.8%). One caveat on sizing: BBAI is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ARKK vs BBAI: side by side
| ARKK (ARK Innovation ETF) | BBAI (BigBear.ai, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -37.8% |
| 5-year return | -27.7% | -67.6% |
| Volatility (ann.) | 38.8% | 126.2% |
| Beta vs S&P 500 | 2.07 | 3.30 |
| Max drawdown (3Y) | -39.6% | -75.6% |
| Market cap | – | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | BBAI |
|---|---|---|
| 2022 | -67.0% | -88.1% |
| 2023 | +69.0% | +217.5% |
| 2024 | +8.4% | +107.9% |
| 2025 | +35.5% | +21.3% |
| 2026 | +13.6% | -40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and BBAI good diversifiers for each other?
Reasonably. At 0.48, ARKK and BBAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and BBAI?
As of 2026-08-27, the correlation of weekly returns between ARKK and BBAI is 0.48 over 3 years, 0.75 over 1 year and 0.32 over 5 years.
Is BBAI a good diversifier for ARKK?
Reasonably. At 0.48, ARKK and BBAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-bbai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-bbai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARKK correlations · BBAI correlations
