BZ Chart of the Day – SPY Crushes ARKK

The ARK Innovation ETF ARKK was designed to invest in new innovative and disruptive companies. After the market bottom in March 2020 following the COVID crash, it substantially outperformed the SPDR S&P 500 ETF Trust SPY. SPY is an ETF that is designed to track the S&P 500 Index.

But over the past year, there has been a significant reversal. The S&P 500 has gained about 29.50%, while ARRK has declined roughly 23%.

Over the long run, there’s a chance that ARKK starts to outperform SPY again. But it looks like SPY will be the clear winner of 2021.

See Also: BZ Chart Of The Day: Is SPY Breaking Out?