ARKK vs GPRO: Correlation
ARK Innovation ETF (ARKK) and GoPro, Inc. (GPRO) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and GPRO?
On 3 years of weekly data the ARKK/GPRO correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.48 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 1796.4 %².
Within ARKK's tracked universe of 122 assets, GPRO comes in at #79 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARKK outperformed by 80.1 percentage points (+15.7% for ARKK against -64.4% for GPRO). Risk is not evenly split, since GPRO carries 2.5 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 GPRO: side by side
| ARKK (ARK Innovation ETF) | GPRO (GoPro, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -64.4% |
| 5-year return | -27.7% | -93.9% |
| Volatility (ann.) | 38.8% | 96.8% |
| Beta vs S&P 500 | 2.07 | 2.84 |
| Max drawdown (3Y) | -39.6% | -87.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | GPRO |
|---|---|---|
| 2022 | -67.0% | -51.7% |
| 2023 | +69.0% | -30.3% |
| 2024 | +8.4% | -68.6% |
| 2025 | +35.5% | +29.4% |
| 2026 | +13.6% | -57.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and GPRO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARKK and GPRO?
The ARKK/GPRO correlation stands at 0.48 on a 3-year window (1 year: 0.60, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is GPRO a good diversifier for ARKK?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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
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Related comparisons
Hubs: ARKK correlations · GPRO correlations
