ARKK vs CSQ: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Calamos Strategic Total Return Fund - Closed End Fund (CSQ) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and CSQ?
Over the past 3 years, ARKK and CSQ moved with a correlation of 0.76, which is strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 554.9 %².
Among the 122 assets we track against ARKK, CSQ ranks #11 by 3-year correlation. Over the last 12 months CSQ came out ahead by 5.7 percentage points (+15.7% against +21.4%). Note the risk asymmetry: ARKK 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 CSQ: side by side
| ARKK (ARK Innovation ETF) | CSQ (Calamos Strategic Total Return Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | +15.7% | +21.4% |
| 5-year return | -27.7% | +64.2% |
| Volatility (ann.) | 38.8% | 18.8% |
| Beta vs S&P 500 | 2.07 | 1.22 |
| Max drawdown (3Y) | -39.6% | -24.2% |
| Market cap | – | $3.4B |
| P/E (trailing) | – | 3.2 |
| Dividend yield | – | 2.95% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | CSQ |
|---|---|---|
| 2022 | -67.0% | -24.2% |
| 2023 | +69.0% | +20.9% |
| 2024 | +8.4% | +28.2% |
| 2025 | +35.5% | +16.3% |
| 2026 | +13.6% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and CSQ good diversifiers for each other?
Only partially. A correlation of 0.76 means ARKK and CSQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARKK and CSQ?
The ARKK/CSQ correlation stands at 0.76 on a 3-year window (1 year: 0.73, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is CSQ a good diversifier for ARKK?
Only partially. A correlation of 0.76 means ARKK and CSQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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-csq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-csq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · CSQ correlations
