ARKK vs NRT: Correlation
ARK Innovation ETF (ARKK) and North European Oil Royality Trust (NRT) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and NRT?
Across a 3-year window, the weekly returns of ARKK and NRT correlate at -0.13, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.29) runs below the 3-year figure (-0.13). Stretching to 5 years gives -0.03, with an annualized covariance of -269.6 %².
Within ARKK's tracked universe of 122 assets, NRT comes in at #116 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 69.5 percentage points (+15.7% for ARKK against +85.2% for NRT).
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 NRT: side by side
| ARKK (ARK Innovation ETF) | NRT (North European Oil Royality Trust) | |
|---|---|---|
| 1-year return | +15.7% | +85.2% |
| 5-year return | -27.7% | +131.5% |
| Volatility (ann.) | 38.8% | 51.6% |
| Beta vs S&P 500 | 2.07 | -0.42 |
| Max drawdown (3Y) | -39.6% | -66.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | – | 11.95% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | NRT |
|---|---|---|
| 2022 | -67.0% | +41.9% |
| 2023 | +69.0% | -46.5% |
| 2024 | +8.4% | -25.3% |
| 2025 | +35.5% | +88.4% |
| 2026 | +13.6% | +41.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and NRT good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARKK and NRT?
Using weekly returns as of 2026-08-27: -0.13 over 3 years, with -0.29 over the last year and -0.03 over 5 years.
Is NRT a good diversifier for ARKK?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
A reading of -0.13 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-nrt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-nrt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · NRT correlations
