MLPA vs. ARKF ETF Comparison
Comparison of Global X MLP ETF (MLPA) to ARK Fintech Innovation ETF (ARKF)
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$48.06
Average Daily Volume
92,812
18
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
$29.13
Average Daily Volume
348,220
28
Performance
| Period | MLPA | ARKF |
|---|---|---|
| 30 Days | 0.29% | 2.93% |
| 60 Days | 2.34% | 14.96% |
| 90 Days | -0.29% | 3.89% |
| 12 Months | 19.07% | 57.46% |
0 Overlapping Holdings
| Symbol | Grade | Weight in MLPA | Weight in ARKF | Overlap |
|---|
MLPA Underweight 28 Positions Relative to ARKF
| Symbol | Grade | Weight | |
|---|---|---|---|
| SHOP | C | -9.39% | |
| COIN | F | -7.22% | |
| SQ | D | -5.96% | |
| DKNG | D | -5.88% | |
| HOOD | C | -4.71% | |
| TOST | C | -4.37% | |
| ROKU | C | -3.87% | |
| MELI | C | -3.76% | |
| RBLX | C | -3.72% | |
| PLTR | A | -3.59% | |
| SOFI | C | -3.46% | |
| PINS | D | -3.12% | |
| META | A | -2.86% | |
| PATH | D | -2.63% | |
| NU | D | -2.14% | |
| SE | B | -2.03% | |
| GLBE | C | -1.99% | |
| SPOT | B | -1.73% | |
| INTU | F | -1.7% | |
| PYPL | C | -1.66% | |
| NVDA | C | -1.41% | |
| CRWD | D | -1.37% | |
| ICE | A | -1.25% | |
| Z | C | -1.16% | |
| BILL | D | -1.09% | |
| RDDT | B | -1.02% | |
| IBTA | D | -0.59% | |
| AMZN | C | -0.49% |
MLPA: Top Represented Industries & Keywords
ARKF: Top Represented Industries & Keywords
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