ARKK vs KWEB: Correlation
ARK Innovation ETF (ARKK) and KraneShares CSI China Internet ETF (KWEB) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and KWEB?
Over the past 3 years, ARKK and KWEB moved with a correlation of 0.32, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 419.0 %².
Among the 122 assets we track against ARKK, KWEB ranks #112 by 3-year correlation. The last year tells two different stories: ARKK led by 41.8 percentage points, +15.7% for ARKK against -26.1% for KWEB. Across three years, the rolling one-year figure varied moderately, from 0.20 to 0.63.
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 KWEB: side by side
| ARKK (ARK Innovation ETF) | KWEB (KraneShares CSI China Internet ETF) | |
|---|---|---|
| 1-year return | +15.7% | -26.1% |
| 5-year return | -27.7% | -36.2% |
| Volatility (ann.) | 38.8% | 33.9% |
| Beta vs S&P 500 | 2.07 | 0.90 |
| Max drawdown (3Y) | -39.6% | -41.6% |
| Sector / category | ETF · Thematic | ETF · Thematic |
Year-by-year returns
| Year | ARKK | KWEB |
|---|---|---|
| 2022 | -67.0% | -17.2% |
| 2023 | +69.0% | -9.1% |
| 2024 | +8.4% | +12.0% |
| 2025 | +35.5% | +23.5% |
| 2026 | +13.6% | -23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and KWEB good diversifiers for each other?
Reasonably. At 0.32, ARKK and KWEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and KWEB?
As of 2026-08-27, the correlation of weekly returns between ARKK and KWEB is 0.32 over 3 years, 0.38 over 1 year and 0.35 over 5 years.
Is KWEB a good diversifier for ARKK?
Reasonably. At 0.32, ARKK and KWEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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-kweb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-kweb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · KWEB correlations
