ARKK vs DCBO: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Docebo Inc. (DCBO) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and DCBO?
Across a 3-year window, the weekly returns of ARKK and DCBO correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 831.8 %².
By 3-year correlation, DCBO places #80 of the 122 assets tracked against ARKK. Correlation aside, the last 12 months split them widely, with ARKK ahead by 33.8 points (+15.7% versus -18.1%).
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 DCBO: side by side
| ARKK (ARK Innovation ETF) | DCBO (Docebo Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -18.1% |
| 5-year return | -27.7% | -69.8% |
| Volatility (ann.) | 38.8% | 45.4% |
| Beta vs S&P 500 | 2.07 | 1.27 |
| Max drawdown (3Y) | -39.6% | -73.0% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 22.1 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | DCBO |
|---|---|---|
| 2022 | -67.0% | -50.8% |
| 2023 | +69.0% | +46.0% |
| 2024 | +8.4% | -7.5% |
| 2025 | +35.5% | -50.4% |
| 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 DCBO good diversifiers for each other?
Reasonably. At 0.47, ARKK and DCBO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and DCBO?
As of 2026-08-27, the correlation of weekly returns between ARKK and DCBO is 0.47 over 3 years, 0.37 over 1 year and 0.60 over 5 years.
Is DCBO a good diversifier for ARKK?
Reasonably. At 0.47, ARKK and DCBO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-dcbo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-dcbo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · DCBO correlations
