ARKK vs NXDR: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Nextdoor Holdings, Inc. (NXDR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and NXDR?
On 3 years of weekly data the ARKK/NXDR correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.50 over 3. The 5-year figure is 0.55, and annualized covariance runs at 1055.5 %².
Within ARKK's tracked universe of 122 assets, NXDR comes in at #63 by 3-year correlation. Over the last 12 months ARKK came out ahead by 5.7 percentage points (+15.7% against +10.0%).
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 NXDR: side by side
| ARKK (ARK Innovation ETF) | NXDR (Nextdoor Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +10.0% |
| 5-year return | -27.7% | -82.2% |
| Volatility (ann.) | 38.8% | 54.0% |
| Beta vs S&P 500 | 2.07 | 1.65 |
| Max drawdown (3Y) | -39.6% | -53.6% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | NXDR |
|---|---|---|
| 2022 | -67.0% | -73.9% |
| 2023 | +69.0% | -8.3% |
| 2024 | +8.4% | +25.4% |
| 2025 | +35.5% | -11.4% |
| 2026 | +13.6% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and NXDR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARKK and NXDR?
As of 2026-08-27, the correlation of weekly returns between ARKK and NXDR is 0.50 over 3 years, 0.47 over 1 year and 0.55 over 5 years.
Is NXDR a good diversifier for ARKK?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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-nxdr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-nxdr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · NXDR correlations
