IDRV - ARKQ: Self-Driving And Robotics ETF Is ARK's Best YTD And 1-Year Performing Fund
- Despite all the attention ARK's flagship Innovation and Genomics ETFs receives, the oft-overlooked ARKQ Autonomous & Robotics ETF is ARK's best performing actively managed fund over the past year (+42.5%).
- However, ARKQ appears overly concentrated in a handful of names and the risk/reward opportunity may be less desirable now that rising interest rates could happen sooner rather than later.
- That being the case, I have been trimming my holdings and moving the proceeds into a fund which I perceive as having a better risk/reward profile.
- That said, I will continue to hold a position in ARKQ for my portfolio's allocation to the "Growth" bucket.
For further details see:
ARKQ: Self-Driving And Robotics ETF Is ARK's Best YTD And 1-Year Performing Fund