ARKK vs DKNG: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and DraftKings Inc. (DKNG) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and DKNG?
On 3 years of weekly data the ARKK/DKNG correlation comes out at 0.50, moderate. The past 12 months show a weaker link (0.21) than the 3-year average (0.50). The 5-year figure is 0.65, and annualized covariance runs at 973.9 %².
By 3-year correlation, DKNG places #62 of the 122 assets tracked against ARKK. The last year tells two different stories: ARKK led by 65.0 percentage points, +15.7% for ARKK against -49.3% for DKNG.
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 DKNG: side by side
| ARKK (ARK Innovation ETF) | DKNG (DraftKings Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -49.3% |
| 5-year return | -27.7% | -59.1% |
| Volatility (ann.) | 38.8% | 50.0% |
| Beta vs S&P 500 | 2.07 | 1.64 |
| Max drawdown (3Y) | -39.6% | -61.3% |
| Market cap | – | $12.0B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | DKNG |
|---|---|---|
| 2022 | -67.0% | -58.5% |
| 2023 | +69.0% | +209.5% |
| 2024 | +8.4% | +5.5% |
| 2025 | +35.5% | -7.4% |
| 2026 | +13.6% | -29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and DKNG good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARKK and DKNG?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.21 over the last year and 0.65 over 5 years.
Is DKNG a good diversifier for ARKK?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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-dkng.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-dkng/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARKK correlations · DKNG correlations
