ARKK vs LSPD: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and LSPD?
Over the past 3 years, ARKK and LSPD moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 1114.9 %².
Among the 122 assets we track against ARKK, LSPD ranks #35 by 3-year correlation. The last year tells two different stories: ARKK led by 27.3 percentage points, +15.7% for ARKK against -11.6% for LSPD.
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 LSPD: side by side
| ARKK (ARK Innovation ETF) | LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | +15.7% | -11.6% |
| 5-year return | -27.7% | -90.0% |
| Volatility (ann.) | 38.8% | 48.1% |
| Beta vs S&P 500 | 2.07 | 1.83 |
| Max drawdown (3Y) | -39.6% | -62.7% |
| Market cap | – | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | LSPD |
|---|---|---|
| 2022 | -67.0% | -64.6% |
| 2023 | +69.0% | +46.8% |
| 2024 | +8.4% | -27.4% |
| 2025 | +35.5% | -20.7% |
| 2026 | +13.6% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and LSPD good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARKK and LSPD?
The ARKK/LSPD correlation stands at 0.60 on a 3-year window (1 year: 0.55, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is LSPD a good diversifier for ARKK?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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
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Related comparisons
Hubs: ARKK correlations · LSPD correlations
