ARKK vs RXRX: Correlation
How closely do ARK Innovation ETF (ARKK) and Recursion Pharmaceuticals, Inc. (RXRX) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and RXRX?
Over the past 3 years, ARKK and RXRX moved with a correlation of 0.63, which is strong. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.63). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 2009.4 %².
Among the 122 assets we track against ARKK, RXRX ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ARKK outperformed by 45.4 percentage points (+15.7% for ARKK against -29.7% for RXRX). Note the risk asymmetry: RXRX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 RXRX: side by side
| ARKK (ARK Innovation ETF) | RXRX (Recursion Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -29.7% |
| 5-year return | -27.7% | -86.0% |
| Volatility (ann.) | 38.8% | 82.2% |
| Beta vs S&P 500 | 2.07 | 3.07 |
| Max drawdown (3Y) | -39.6% | -81.7% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | RXRX |
|---|---|---|
| 2022 | -67.0% | -55.0% |
| 2023 | +69.0% | +27.9% |
| 2024 | +8.4% | -31.4% |
| 2025 | +35.5% | -39.5% |
| 2026 | +13.6% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and RXRX good diversifiers for each other?
Only partially. A correlation of 0.63 means ARKK and RXRX 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 RXRX?
As of 2026-08-27, the correlation of weekly returns between ARKK and RXRX is 0.63 over 3 years, 0.75 over 1 year and 0.60 over 5 years.
Is RXRX a good diversifier for ARKK?
Only partially. A correlation of 0.63 means ARKK and RXRX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-rxrx/)
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Related comparisons
Hubs: ARKK correlations · RXRX correlations
