ARKK vs FRHC: Correlation
How closely do ARK Innovation ETF (ARKK) and Freedom Holding Corp. (FRHC) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and FRHC?
Across a 3-year window, the weekly returns of ARKK and FRHC correlate at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 572.4 %².
Among the 122 assets we track against ARKK, FRHC ranks #107 by 3-year correlation. The last year tells two different stories: ARKK led by 17.6 percentage points, +15.7% for ARKK against -1.9% for FRHC.
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 FRHC: side by side
| ARKK (ARK Innovation ETF) | FRHC (Freedom Holding Corp.) | |
|---|---|---|
| 1-year return | +15.7% | -1.9% |
| 5-year return | -27.7% | +163.7% |
| Volatility (ann.) | 38.8% | 39.9% |
| Beta vs S&P 500 | 2.07 | 0.87 |
| Max drawdown (3Y) | -39.6% | -41.1% |
| Market cap | – | $10.9B |
| P/E (trailing) | – | 71.1 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | FRHC |
|---|---|---|
| 2022 | -67.0% | -16.0% |
| 2023 | +69.0% | +38.4% |
| 2024 | +8.4% | +62.1% |
| 2025 | +35.5% | -6.9% |
| 2026 | +13.6% | +40.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and FRHC good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARKK and FRHC?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.33 over the last year and 0.44 over 5 years.
Is FRHC a good diversifier for ARKK?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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-frhc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-frhc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARKK correlations · FRHC correlations
