ARKK vs GJT: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Synthetic Fixed-Income Securities, Inc. Floating Rate (GJT) carry a correlation of -0.13, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and GJT?
On 3 years of weekly data the ARKK/GJT correlation comes out at -0.13, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.15) than the 3-year average (-0.13). The 5-year figure is -0.02, and annualized covariance runs at -37.2 %².
By 3-year correlation, GJT places #115 of the 122 assets tracked against ARKK. On 12-month performance ARKK holds a 7.1-point edge, +15.7% against +8.6%. Risk is not evenly split, since ARKK carries 5.3 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 GJT: side by side
| ARKK (ARK Innovation ETF) | GJT (Synthetic Fixed-Income Securities, Inc. Floating Rate) | |
|---|---|---|
| 1-year return | +15.7% | +8.6% |
| 5-year return | -27.7% | +44.3% |
| Volatility (ann.) | 38.8% | 7.3% |
| Beta vs S&P 500 | 2.07 | -0.02 |
| Max drawdown (3Y) | -39.6% | -5.3% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | GJT |
|---|---|---|
| 2022 | -67.0% | +4.5% |
| 2023 | +69.0% | +13.6% |
| 2024 | +8.4% | +10.6% |
| 2025 | +35.5% | +6.2% |
| 2026 | +13.6% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and GJT good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARKK and GJT?
The ARKK/GJT correlation stands at -0.13 on a 3-year window (1 year: 0.15, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is GJT a good diversifier for ARKK?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-gjt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-gjt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · GJT correlations
