ARKF vs. BWEB ETF Comparison
Comparison of ARK Fintech Innovation ETF (ARKF) to Bitwise Web3 ETF (BWEB)
ARKF
ARK Fintech Innovation ETF
ARKF Description
ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;
Grade (RS Rating)
Last Trade
$29.84
Average Daily Volume
324,495
28
BWEB
Bitwise Web3 ETF
BWEB Description
Bitwise Web3 ETF is an exchange traded fund launched and managed by Bitwise Investment Manager, LLC. The fund is co-managed by Vident Investment Advisory, LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across cryptography and blockchain technology, web3 infrastructure companies, metaverse and immersive digital, web3 development and governance, web3 creator economy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Bitwise Web3 Equities Index, by using full replication. Bitwise Web3 ETF was formed on October 4, 2022 and is domiciled in the United States.Grade (RS Rating)
Last Trade
$46.46
Average Daily Volume
433
9
Performance
| Period | ARKF | BWEB |
|---|---|---|
| 30 Days | 9.71% | 9.62% |
| 60 Days | 22.40% | 17.65% |
| 90 Days | 5.89% | 2.24% |
| 12 Months | 58.30% | 54.99% |
ARKF Overweight 24 Positions Relative to BWEB
| Symbol | Grade | Weight | |
|---|---|---|---|
| SHOP | B | 9.39% | |
| DKNG | C | 5.88% | |
| HOOD | B | 4.71% | |
| TOST | B | 4.37% | |
| ROKU | C | 3.87% | |
| MELI | D | 3.76% | |
| PLTR | A | 3.59% | |
| SOFI | C | 3.46% | |
| PINS | D | 3.12% | |
| PATH | D | 2.63% | |
| NU | D | 2.14% | |
| SE | B | 2.03% | |
| GLBE | C | 1.99% | |
| SPOT | C | 1.73% | |
| INTU | F | 1.7% | |
| PYPL | A | 1.66% | |
| NVDA | B | 1.41% | |
| CRWD | D | 1.37% | |
| ICE | A | 1.25% | |
| Z | C | 1.16% | |
| BILL | D | 1.09% | |
| RDDT | B | 1.02% | |
| IBTA | C | 0.59% | |
| AMZN | C | 0.49% |
ARKF: Top Represented Industries & Keywords
BWEB: Top Represented Industries & Keywords
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