ARKK vs PYPL: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and PayPal (PYPL) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and PYPL?
Over the past 3 years, ARKK and PYPL moved with a correlation of 0.49, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.49 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 707.3 %².
Among the 122 assets we track against ARKK, PYPL ranks #75 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARKK outperformed by 26.7 percentage points (+15.7% for ARKK against -11.0% for PYPL). The rolling one-year correlation moved between 0.31 and 0.67 over the past three years, a moderate range.
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 PYPL: side by side
| ARKK (ARK Innovation ETF) | PYPL (PayPal) | |
|---|---|---|
| 1-year return | +15.7% | -11.0% |
| 5-year return | -27.7% | -78.5% |
| Volatility (ann.) | 38.8% | 37.1% |
| Beta vs S&P 500 | 2.07 | 1.15 |
| Max drawdown (3Y) | -39.6% | -57.3% |
| Market cap | – | $52.6B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | – | 0.91% |
| Sector / category | ETF · Thematic | Financials |
Year-by-year returns
| Year | ARKK | PYPL |
|---|---|---|
| 2022 | -67.0% | -62.2% |
| 2023 | +69.0% | -13.8% |
| 2024 | +8.4% | +39.0% |
| 2025 | +35.5% | -31.4% |
| 2026 | +13.6% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and PYPL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARKK and PYPL?
The ARKK/PYPL correlation stands at 0.49 on a 3-year window (1 year: 0.38, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is PYPL a good diversifier for ARKK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined 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-pypl.json
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Related comparisons
Hubs: ARKK correlations · PYPL correlations
