ARKG vs NMI
ARKG vs NMI
ARK Genomic Revolution ETF vs Nuveen Municipal Income Fund Inc.
Quick Verdict
NMI has a lower expense ratio. ARKG delivered stronger 1-year returns. NMI offers more diversification with 95 holdings.
Side-by-Side Comparison
| Metric | ARKG | NMI | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.73% | |
| AUM | $1.6B | - | |
| Dividend Yield | 0.00% | 4.57% | |
| Holdings | 33 | 220 | |
| YTD Return | +47.50% | +11.08% | |
| 1Y Return | +84.80% | +14.95% | |
| 3Y Return (annualized) | +9.13% | +9.79% | |
| 5Y Return (annualized) | -13.10% | +2.16% | |
| Volatility (annualized) | 36.3% | 11.0% | |
| Max Drawdown | -83.6% | -34.4% | |
| Fund Family | Ark Invest | Nuveen | |
| Category | Equity | Tax Preferred | |
| Inception | Oct 31, 2014 | Apr 20, 1988 |
ARKG vs NMI Performance
ARK Genomic Revolution ETF (ARKG) is a ETF from Ark Invest and Nuveen Municipal Income Fund Inc. (NMI) is a ETF from Nuveen. Over the past year ARKG returned +84.80% while NMI returned +14.95%. Year to date, ARKG is up 47.50% versus a gain of 11.08% for NMI.
Over three years, ARKG compounded at +9.13% per year against +9.79% for NMI; over five years the annualized figures are -13.10% and +2.16% respectively. Across the full 12-year window we track, ARKG has the edge at +7.65% annualized vs +0.38%. 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 11.0% for NMI. 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 -34.4% for NMI. 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 0.22. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ARKG charges 0.75% per year while NMI charges 0.73%. On a $10,000 position that is $75 vs $73 annually, a gap of $2 per year that compounds over a long holding period. On income, ARKG currently yields 0.00% against 4.57% for NMI.
Holdings Overlap
ARKG and NMI share 0 holdings out of 126 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ARKG or NMI?
ARKG has an expense ratio of 0.75% while NMI charges 0.73%. NMI is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, ARKG or NMI?
Over the past year ARKG returned +84.80% vs +14.95% for NMI, so ARKG leads on 1-year performance. Over the longest common window we track (12 years), ARKG annualized +7.65% vs +0.38% for NMI. Past performance does not guarantee future results.
Which is riskier, ARKG or NMI?
ARKG has been the more volatile fund at 36.3% annualized versus 11.0% for NMI. Worst drawdown: ARKG -83.6% vs NMI -34.4%.
Should I hold both ARKG and NMI?
ARKG and NMI have a monthly-return correlation of 0.22, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ARKG and NMI?
ARKG and NMI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, ARKG or NMI?
ARKG yields 0.00% while NMI yields 4.57%, so NMI currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.