ARKK vs TSLA: Correlation
ARK Innovation ETF (ARKK) and Tesla, Inc. (TSLA) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and TSLA?
On 3 years of weekly data the ARKK/TSLA correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 1278.9 %².
By 3-year correlation, TSLA places #33 of the 122 assets tracked against ARKK. On 12-month performance ARKK holds a 14.2-point edge, +15.7% against +1.5%. The rolling one-year correlation stayed in a tight band between 0.48 and 0.69 over the past three years, which points to a structural rather than episodic relationship.
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 TSLA: side by side
| ARKK (ARK Innovation ETF) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +1.5% |
| 5-year return | -27.7% | +45.6% |
| Volatility (ann.) | 38.8% | 53.9% |
| Beta vs S&P 500 | 2.07 | 1.87 |
| Max drawdown (3Y) | -39.6% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | Consumer Discretionary |
Year-by-year returns
| Year | ARKK | TSLA |
|---|---|---|
| 2022 | -67.0% | -65.0% |
| 2023 | +69.0% | +101.7% |
| 2024 | +8.4% | +62.5% |
| 2025 | +35.5% | +11.4% |
| 2026 | +13.6% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and TSLA good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARKK and TSLA?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.68 over the last year and 0.60 over 5 years.
Is TSLA a good diversifier for ARKK?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arkk-vs-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arkk-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARKK correlations · TSLA correlations
