ARKK vs SKYX: Correlation
ARK Innovation ETF (ARKK) and SKYX Platforms Corp. (SKYX) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and SKYX?
On 3 years of weekly data the ARKK/SKYX correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.35 over 3. The 5-year figure is 0.17, and annualized covariance runs at 1160.0 %².
Among the 122 assets we track against ARKK, SKYX ranks #109 by 3-year correlation. Over the last 12 months ARKK came out ahead by 13.2 percentage points (+15.7% against +2.5%). Risk is not evenly split, since SKYX carries 2.2 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 SKYX: side by side
| ARKK (ARK Innovation ETF) | SKYX (SKYX Platforms Corp.) | |
|---|---|---|
| 1-year return | +15.7% | +2.5% |
| 5-year return | -27.7% | -89.7% |
| Volatility (ann.) | 38.8% | 85.8% |
| Beta vs S&P 500 | 2.07 | 1.83 |
| Max drawdown (3Y) | -39.6% | -69.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | SKYX |
|---|---|---|
| 2022 | -67.0% | – |
| 2023 | +69.0% | -36.5% |
| 2024 | +8.4% | -27.5% |
| 2025 | +35.5% | +87.1% |
| 2026 | +13.6% | -43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and SKYX good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARKK and SKYX?
As of 2026-08-27, the correlation of weekly returns between ARKK and SKYX is 0.35 over 3 years, 0.44 over 1 year and 0.17 over 5 years.
Is SKYX a good diversifier for ARKK?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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-skyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/arkk-vs-skyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · SKYX correlations
