ARKG vs ETW
ARKG vs ETW
ARK Genomic Revolution ETF vs Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
Quick Verdict
ARKG has a lower expense ratio. ARKG delivered stronger 1-year returns. ETW offers more diversification with 259 holdings.
Side-by-Side Comparison
| Metric | ARKG | ETW | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 1.10% | |
| AUM | $1.6B | $936M | |
| Dividend Yield | 0.00% | 7.41% | |
| Holdings | 33 | 291 | |
| YTD Return | +47.50% | +10.92% | |
| 1Y Return | +84.80% | +20.02% | |
| 3Y Return (annualized) | +9.13% | +15.89% | |
| 5Y Return (annualized) | -13.10% | +6.21% | |
| Volatility (annualized) | 36.3% | 16.9% | |
| Max Drawdown | -83.6% | -72.8% | |
| Fund Family | Ark Invest | Eaton Vance | |
| Category | Equity | Alternative | |
| Inception | Oct 31, 2014 | Sep 30, 2005 |
ARKG vs ETW Performance
ARK Genomic Revolution ETF (ARKG) is a ETF from Ark Invest and Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is a ETF from Eaton Vance. Over the past year ARKG returned +84.80% while ETW returned +20.02%. Year to date, ARKG is up 47.50% versus a gain of 10.92% for ETW.
Over three years, ARKG compounded at +9.13% per year against +15.89% for ETW; over five years the annualized figures are -13.10% and +6.21% respectively. Across the full 12-year window we track, ARKG has the edge at +7.65% annualized vs -1.13%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ARKG has been the more volatile fund, with annualized monthly volatility of 36.3% compared with 16.9% for ETW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -83.6% for ARKG and -72.8% for ETW. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ARKG charges 0.75% per year while ETW charges 1.10%. On a $10,000 position that is $75 vs $110 annually, a gap of $35 per year that compounds over a long holding period. On income, ARKG currently yields 0.00% against 7.41% for ETW.
Holdings Overlap
ARKG and ETW share 1 holdings out of 289 unique holdings combined, representing a 0.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ARKG | Weight in ETW | Difference |
|---|---|---|---|
| LLY | 4.82% | 0.69% | 4.13% |
Frequently Asked Questions
Which is cheaper, ARKG or ETW?
ARKG has an expense ratio of 0.75% while ETW charges 1.10%. ARKG is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, ARKG or ETW?
Over the past year ARKG returned +84.80% vs +20.02% for ETW, so ARKG leads on 1-year performance. Over the longest common window we track (12 years), ARKG annualized +7.65% vs -1.13% for ETW. Past performance does not guarantee future results.
Which is riskier, ARKG or ETW?
ARKG has been the more volatile fund at 36.3% annualized versus 16.9% for ETW. Worst drawdown: ARKG -83.6% vs ETW -72.8%.
Should I hold both ARKG and ETW?
ARKG and ETW have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ARKG and ETW?
ARKG and ETW share 1 common holdings with a 0.7% weight overlap. Combined, they hold 289 unique securities.
Which pays a higher dividend, ARKG or ETW?
ARKG yields 0.00% while ETW yields 7.41%, so ETW currently pays the higher dividend yield.
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