ARKK vs GFAI: Correlation
ARK Innovation ETF (ARKK) and Guardforce AI Co., Limited (GFAI) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and GFAI?
On 3 years of weekly data the ARKK/GFAI correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 1814.2 %².
By 3-year correlation, GFAI places #45 of the 122 assets tracked against ARKK. Their recent paths diverged sharply: over the last 12 months ARKK outperformed by 84.4 percentage points (+15.7% for ARKK against -68.7% for GFAI). Risk is not evenly split, since GFAI carries 2.2 times the volatility of the other side.
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 GFAI: side by side
| ARKK (ARK Innovation ETF) | GFAI (Guardforce AI Co., Limited) | |
|---|---|---|
| 1-year return | +15.7% | -68.7% |
| 5-year return | -27.7% | -99.8% |
| Volatility (ann.) | 38.8% | 84.4% |
| Beta vs S&P 500 | 2.07 | 2.19 |
| Max drawdown (3Y) | -39.6% | -93.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | GFAI |
|---|---|---|
| 2022 | -67.0% | -88.2% |
| 2023 | +69.0% | -34.6% |
| 2024 | +8.4% | -56.9% |
| 2025 | +35.5% | -61.0% |
| 2026 | +13.6% | -33.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and GFAI good diversifiers for each other?
To a limited degree. At 0.55 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 GFAI?
The ARKK/GFAI correlation stands at 0.55 on a 3-year window (1 year: 0.65, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is GFAI a good diversifier for ARKK?
To a limited degree. At 0.55 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 0.55 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-gfai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-gfai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · GFAI correlations
