ARKK vs CHPT: Correlation
How closely do ARK Innovation ETF (ARKK) and ChargePoint Holdings, Inc. (CHPT) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and CHPT?
On 3 years of weekly data the ARKK/CHPT correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 1529.7 %².
By 3-year correlation, CHPT places #59 of the 122 assets tracked against ARKK. The last year tells two different stories: ARKK led by 64.8 percentage points, +15.7% for ARKK against -49.1% for CHPT. One caveat on sizing: CHPT is 2.0 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 CHPT: side by side
| ARKK (ARK Innovation ETF) | CHPT (ChargePoint Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -49.1% |
| 5-year return | -27.7% | -98.6% |
| Volatility (ann.) | 38.8% | 76.7% |
| Beta vs S&P 500 | 2.07 | 2.40 |
| Max drawdown (3Y) | -39.6% | -97.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | CHPT |
|---|---|---|
| 2022 | -67.0% | -50.0% |
| 2023 | +69.0% | -75.4% |
| 2024 | +8.4% | -54.3% |
| 2025 | +35.5% | -69.0% |
| 2026 | +13.6% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and CHPT good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARKK and CHPT?
As of 2026-08-27, the correlation of weekly returns between ARKK and CHPT is 0.51 over 3 years, 0.59 over 1 year and 0.56 over 5 years.
Is CHPT a good diversifier for ARKK?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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
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Related comparisons
Hubs: ARKK correlations · CHPT correlations
