ARKK vs CRGO: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Freightos Limited (CRGO) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and CRGO?
Over the past 3 years, ARKK and CRGO moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.32 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 1295.9 %².
By 3-year correlation, CRGO places #103 of the 122 assets tracked against ARKK. The last year tells two different stories: ARKK led by 77.4 percentage points, +15.7% for ARKK against -61.7% for CRGO. Note the risk asymmetry: CRGO runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 CRGO: side by side
| ARKK (ARK Innovation ETF) | CRGO (Freightos Limited) | |
|---|---|---|
| 1-year return | +15.7% | -61.7% |
| 5-year return | -27.7% | -86.7% |
| Volatility (ann.) | 38.8% | 82.7% |
| Beta vs S&P 500 | 2.07 | 1.79 |
| Max drawdown (3Y) | -39.6% | -72.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | CRGO |
|---|---|---|
| 2022 | -67.0% | +4.2% |
| 2023 | +69.0% | -67.3% |
| 2024 | +8.4% | -8.4% |
| 2025 | +35.5% | -25.2% |
| 2026 | +13.6% | -43.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and CRGO good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARKK and CRGO?
The ARKK/CRGO correlation stands at 0.40 on a 3-year window (1 year: 0.32, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is CRGO a good diversifier for ARKK?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-crgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arkk-vs-crgo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · CRGO correlations
