ARKK vs RIVN: Correlation
Measured on weekly returns over the past three years, ARK Innovation ETF (ARKK) and Rivian Automotive, Inc. (RIVN) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and RIVN?
Over the past 3 years, ARKK and RIVN moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.27) than the 3-year average (0.42). Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 1094.5 %².
Among the 122 assets we track against ARKK, RIVN ranks #100 by 3-year correlation. The trailing year gives RIVN the advantage: +15.7% versus +27.1%, a 11.4-point spread. Risk is not evenly split, since RIVN carries 1.7 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 RIVN: side by side
| ARKK (ARK Innovation ETF) | RIVN (Rivian Automotive, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +27.1% |
| 5-year return | -27.7% | -83.3% |
| Volatility (ann.) | 38.8% | 66.9% |
| Beta vs S&P 500 | 2.07 | 1.19 |
| Max drawdown (3Y) | -39.6% | -65.5% |
| Market cap | – | $24.3B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | RIVN |
|---|---|---|
| 2022 | -67.0% | -82.2% |
| 2023 | +69.0% | +27.3% |
| 2024 | +8.4% | -43.3% |
| 2025 | +35.5% | +48.2% |
| 2026 | +13.6% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and RIVN good diversifiers for each other?
Reasonably. At 0.42, ARKK and RIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and RIVN?
The ARKK/RIVN correlation stands at 0.42 on a 3-year window (1 year: 0.27, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is RIVN a good diversifier for ARKK?
Reasonably. At 0.42, ARKK and RIVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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 · RIVN correlations
