ARKK vs EQNR: Correlation
How closely do ARK Innovation ETF (ARKK) and Equinor ASA (EQNR) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and EQNR?
On 3 years of weekly data the ARKK/EQNR correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.42) than the 3-year average (-0.15). The 5-year figure is -0.06, and annualized covariance runs at -195.6 %².
Out of 122 assets tracked against ARKK, EQNR lands near the bottom at #118. Correlation aside, the last 12 months split them widely, with EQNR ahead by 61.5 points (+15.7% versus +77.2%).
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 EQNR: side by side
| ARKK (ARK Innovation ETF) | EQNR (Equinor ASA) | |
|---|---|---|
| 1-year return | +15.7% | +77.2% |
| 5-year return | -27.7% | +180.6% |
| Volatility (ann.) | 38.8% | 33.2% |
| Beta vs S&P 500 | 2.07 | -0.25 |
| Max drawdown (3Y) | -39.6% | -27.6% |
| Market cap | – | $98.6B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | – | 3.73% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | EQNR |
|---|---|---|
| 2022 | -67.0% | +42.8% |
| 2023 | +69.0% | -0.8% |
| 2024 | +8.4% | -16.0% |
| 2025 | +35.5% | +6.1% |
| 2026 | +13.6% | +81.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and EQNR good diversifiers for each other?
Yes. With a correlation of -0.15, ARKK and EQNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARKK and EQNR?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.42 over the last year and -0.06 over 5 years.
Is EQNR a good diversifier for ARKK?
Yes. With a correlation of -0.15, ARKK and EQNR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 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-eqnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-eqnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARKK correlations · EQNR correlations
