ARKK vs MSTR: Correlation
ARK Innovation ETF (ARKK) and Strategy Inc (MSTR) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and MSTR?
Across a 3-year window, the weekly returns of ARKK and MSTR correlate at 0.42, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.42). Stretching to 5 years gives 0.52, with an annualized covariance of 1429.0 %².
Among the 122 assets we track against ARKK, MSTR ranks #99 by 3-year correlation. The last year tells two different stories: ARKK led by 75.5 percentage points, +15.7% for ARKK against -59.8% for MSTR. Risk is not evenly split, since MSTR carries 2.2 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 MSTR: side by side
| ARKK (ARK Innovation ETF) | MSTR (Strategy Inc) | |
|---|---|---|
| 1-year return | +15.7% | -59.8% |
| 5-year return | -27.7% | +95.5% |
| Volatility (ann.) | 38.8% | 87.2% |
| Beta vs S&P 500 | 2.07 | 1.49 |
| Max drawdown (3Y) | -39.6% | -82.6% |
| Market cap | – | $54.6B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | MSTR |
|---|---|---|
| 2022 | -67.0% | -74.0% |
| 2023 | +69.0% | +346.2% |
| 2024 | +8.4% | +358.5% |
| 2025 | +35.5% | -47.5% |
| 2026 | +13.6% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and MSTR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARKK and MSTR?
As of 2026-08-27, the correlation of weekly returns between ARKK and MSTR is 0.42 over 3 years, 0.63 over 1 year and 0.52 over 5 years.
Is MSTR a good diversifier for ARKK?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-mstr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-mstr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARKK correlations · MSTR correlations
