ARKK vs STKE: Correlation
How closely do ARK Innovation ETF (ARKK) and Sol Strategies Inc. (STKE) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and STKE?
Across a 3-year window, the weekly returns of ARKK and STKE correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 2515.5 %².
By 3-year correlation, STKE places #111 of the 122 assets tracked against ARKK. Correlation aside, the last 12 months split them widely, with ARKK ahead by 97.7 points (+15.7% versus -82.0%). One caveat on sizing: STKE is 4.8 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 STKE: side by side
| ARKK (ARK Innovation ETF) | STKE (Sol Strategies Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -82.0% |
| 5-year return | -27.7% | +19.6% |
| Volatility (ann.) | 38.8% | 187.9% |
| Beta vs S&P 500 | 2.07 | 3.39 |
| Max drawdown (3Y) | -39.6% | -97.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | ARKK | STKE |
|---|---|---|
| 2022 | -67.0% | -63.5% |
| 2023 | +69.0% | +62.0% |
| 2024 | +8.4% | +2467.9% |
| 2025 | +35.5% | -90.8% |
| 2026 | +13.6% | -12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and STKE good diversifiers for each other?
Reasonably. At 0.34, ARKK and STKE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARKK and STKE?
As of 2026-08-27, the correlation of weekly returns between ARKK and STKE is 0.34 over 3 years, 0.42 over 1 year and 0.21 over 5 years.
Is STKE a good diversifier for ARKK?
Reasonably. At 0.34, ARKK and STKE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
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Related comparisons
Hubs: ARKK correlations · STKE correlations
