ARKK vs BEAM: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Beam Therapeutics Inc. (BEAM) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and BEAM?
Across a 3-year window, the weekly returns of ARKK and BEAM correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 1765.5 %².
Within ARKK's tracked universe of 122 assets, BEAM comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BEAM outperformed by 65.1 percentage points (+15.7% for ARKK against +80.8% for BEAM). Risk is not evenly split, since BEAM carries 1.9 times the volatility of the other side.
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 BEAM: side by side
| ARKK (ARK Innovation ETF) | BEAM (Beam Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +80.8% |
| 5-year return | -27.7% | -71.5% |
| Volatility (ann.) | 38.8% | 72.6% |
| Beta vs S&P 500 | 2.07 | 2.39 |
| Max drawdown (3Y) | -39.6% | -67.7% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | BEAM |
|---|---|---|
| 2022 | -67.0% | -50.9% |
| 2023 | +69.0% | -30.4% |
| 2024 | +8.4% | -8.9% |
| 2025 | +35.5% | +11.8% |
| 2026 | +13.6% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and BEAM good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARKK and BEAM?
As of 2026-08-27, the correlation of weekly returns between ARKK and BEAM is 0.63 over 3 years, 0.73 over 1 year and 0.66 over 5 years.
Is BEAM a good diversifier for ARKK?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ARKK correlations · BEAM correlations
