ARKK vs GRAB: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Grab Holdings Limited - Class A (GRAB) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and GRAB?
Over the past 3 years, ARKK and GRAB moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 818.4 %².
Among the 122 assets we track against ARKK, GRAB ranks #41 by 3-year correlation. The last year tells two different stories: ARKK led by 43.2 percentage points, +15.7% for ARKK against -27.5% for GRAB.
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 GRAB: side by side
| ARKK (ARK Innovation ETF) | GRAB (Grab Holdings Limited - Class A) | |
|---|---|---|
| 1-year return | +15.7% | -27.5% |
| 5-year return | -27.7% | -65.8% |
| Volatility (ann.) | 38.8% | 37.6% |
| Beta vs S&P 500 | 2.07 | 1.41 |
| Max drawdown (3Y) | -39.6% | -49.3% |
| Market cap | – | $14.7B |
| P/E (trailing) | – | 32.6 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | GRAB |
|---|---|---|
| 2022 | -67.0% | -54.8% |
| 2023 | +69.0% | +4.7% |
| 2024 | +8.4% | +40.1% |
| 2025 | +35.5% | +5.7% |
| 2026 | +13.6% | -28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and GRAB good diversifiers for each other?
Only partially. A correlation of 0.56 means ARKK and GRAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARKK and GRAB?
As of 2026-08-27, the correlation of weekly returns between ARKK and GRAB is 0.56 over 3 years, 0.64 over 1 year and 0.50 over 5 years.
Is GRAB a good diversifier for ARKK?
Only partially. A correlation of 0.56 means ARKK and GRAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: ARKK correlations · GRAB correlations
