ARKK vs PL: Correlation
How closely do ARK Innovation ETF (ARKK) and Planet Labs PBC (PL) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and PL?
Over the past 3 years, ARKK and PL moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1702.2 %².
By 3-year correlation, PL places #74 of the 122 assets tracked against ARKK. Correlation aside, the last 12 months split them widely, with PL ahead by 183.2 points (+15.7% versus +198.9%). Risk is not evenly split, since PL carries 2.3 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 PL: side by side
| ARKK (ARK Innovation ETF) | PL (Planet Labs PBC) | |
|---|---|---|
| 1-year return | +15.7% | +198.9% |
| 5-year return | -27.7% | +114.4% |
| Volatility (ann.) | 38.8% | 89.7% |
| Beta vs S&P 500 | 2.07 | 2.46 |
| Max drawdown (3Y) | -39.6% | -62.1% |
| Market cap | – | $7.5B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | PL |
|---|---|---|
| 2022 | -67.0% | -29.3% |
| 2023 | +69.0% | -43.2% |
| 2024 | +8.4% | +63.6% |
| 2025 | +35.5% | +388.1% |
| 2026 | +13.6% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and PL good diversifiers for each other?
Reasonably. At 0.49, ARKK and PL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and PL?
The ARKK/PL correlation stands at 0.49 on a 3-year window (1 year: 0.46, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is PL a good diversifier for ARKK?
Reasonably. At 0.49, ARKK and PL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-pl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-pl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARKK correlations · PL correlations
