ARKK vs XYZ: Correlation
How closely do ARK Innovation ETF (ARKK) and Block, Inc. (XYZ) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and XYZ?
On 3 years of weekly data the ARKK/XYZ correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 1173.0 %².
Within ARKK's tracked universe of 122 assets, XYZ comes in at #36 by 3-year correlation. The trailing year gives ARKK the advantage: +15.7% versus +6.9%, a 8.8-point spread. The rolling one-year correlation moved between 0.36 and 0.80 over the past three years, a moderate range.
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 XYZ: side by side
| ARKK (ARK Innovation ETF) | XYZ (Block, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | +6.9% |
| 5-year return | -27.7% | -68.8% |
| Volatility (ann.) | 38.8% | 50.2% |
| Beta vs S&P 500 | 2.07 | 1.80 |
| Max drawdown (3Y) | -39.6% | -53.0% |
| Market cap | – | $51.0B |
| P/E (trailing) | – | 151.5 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | Financials |
Year-by-year returns
| Year | ARKK | XYZ |
|---|---|---|
| 2022 | -67.0% | -61.1% |
| 2023 | +69.0% | +23.1% |
| 2024 | +8.4% | +9.9% |
| 2025 | +35.5% | -23.4% |
| 2026 | +13.6% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and XYZ good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARKK and XYZ?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.59 over the last year and 0.72 over 5 years.
Is XYZ a good diversifier for ARKK?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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-xyz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-xyz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · XYZ correlations
