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Up Over 32% This Year, Is Ark Innovation ETF a Better Investment in 2023 Than the S&P 500?

TheMotleyFool

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Up Over 32% This Year, Is Ark Innovation ETF a Better Investment in 2023 Than the S&P 500?: https://g.foolcdn.com/editorial/images/733553/artificial-intelligence-robotics-ai-touchscreen-2.jpg

After a less-than-stellar 2022 (to put it lightly), it's been a much more pleasant ride for ARK Innovation ETF (NYSEMKT: ARKK) and its investors. As of May 23, the ETF is up over 32%.

Given its success, investors may be wondering if it's a better investment this year than the S&P 500. The short answer is, "No." The longer answer is, "It all depends."

Since Ark Innovation is actively managed, the number of stocks within it changes fairly often, but the company says it aims to keep it between 35 to 55 companies. Even near its peak number of holdings, that's only around 10% of the number of companies in the S&P 500.

Source Fool.com

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