ARKK vs PLTR: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Palantir Technologies (PLTR) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and PLTR?
On 3 years of weekly data the ARKK/PLTR correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 1797.8 %².
Among the 122 assets we track against ARKK, PLTR ranks #21 by 3-year correlation. Twelve-month performance is nearly a tie, at +15.7% for ARKK and +18.6% for PLTR. The rolling one-year correlation stayed in a tight band between 0.53 and 0.70 over the past three years, which points to a structural rather than episodic relationship. One caveat on sizing: PLTR is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PLTR: side by side
| ARKK (ARK Innovation ETF) | PLTR (Palantir Technologies) | |
|---|---|---|
| 1-year return | +15.7% | +18.6% |
| 5-year return | -27.7% | +621.8% |
| Volatility (ann.) | 38.8% | 71.3% |
| Beta vs S&P 500 | 2.07 | 2.47 |
| Max drawdown (3Y) | -39.6% | -48.2% |
| Market cap | – | $446.8B |
| P/E (trailing) | – | 151.2 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | Information Technology |
Year-by-year returns
| Year | ARKK | PLTR |
|---|---|---|
| 2022 | -67.0% | -64.7% |
| 2023 | +69.0% | +167.4% |
| 2024 | +8.4% | +340.5% |
| 2025 | +35.5% | +135.0% |
| 2026 | +13.6% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and PLTR good diversifiers for each other?
Only partially. A correlation of 0.65 means ARKK and PLTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARKK and PLTR?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.69 over the last year and 0.68 over 5 years.
Is PLTR a good diversifier for ARKK?
Only partially. A correlation of 0.65 means ARKK and PLTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ARKK correlations · PLTR correlations
