These are the stocks helping to tank the high-flying ARK Innovation ETF over the past week
The Ark Innovation ETF has been a top performer. But there are always pullbacks, or worse, for any investing approach.
The Ark Innovation ETF ARKK,
The actively managed exchange traded fund was established on Oct. 31, 2014.
Here’s how it performed from inception through the close Feb. 22, 2021, compared with the Nasdaq Composite Index COMP,
But ARKK’s shares were down as much as 12% in early trading Feb. 23, and were down as much as 18% from their close a week earlier (Feb. 16).
Fear of inflation, as evidenced by rising interest rates, has led to outperformance of value stocks and a decline for the Nasdaq Composite Index COMP,
Read: If you think it’s time to shift to value stocks, here are Wall Street’s favorites
As of the close Feb. 22, the ETF’s largest holding was Tesla Inc. TSLA,
Here’s how all five of those stocks were performing as of 11 a.m. ET on Feb. 23:
Here are the 20 worst performers among ARKK’s holdings over the past week: