ETF Evaluator:
ARK Next Generation Internet ETF (ARKW)
Follow This ETF
(as of Jul 31)
Best Performing in Mid-Cap Growth Over the Last Year
| 121.4% | State Street® Galaxy TransfTechAccelsETF (TEKX) |
| 80.9% | Pinnacle Focused Opportunities ETF (FCUS) |
| 48.7% | ARK Autonomous Technology&Robotics ETF (ARKQ) |
| 43.1% | First Trust US Equity Opportunities ETF (FPX) |
| 42.9% | Invesco NASDAQ Next Gen 100 ETF (QQQJ) |
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ETF Details
ARK Next Generation Internet ETF Overview
ARK Next Generation Internet ETF (ARKW) is an actively managed U.S. Equity Mid-Cap Growth exchange-traded fund (ETF). ARK ETF Trust launched the ETF in 2014.
The investment seeks long-term growth of capital.
The fund is an actively-managed exchange-traded fund ("ETF") that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund's investment theme of next generation internet. Under normal circumstances, substantially all of the fund's assets will be invested in equity securities, including common stocks, partnership interests, business trust shares and other equity investments or ownership interests in business enterprises. The fund is non-diversified.
About ARK Next Generation Internet ETF (ARKW)
There are 1 members of the management team with an average tenure of 11.76 years: Catherine Wood (2014). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI World NR USD index with a weighting of 100%. ARK Next Generation Internet ETF has 46 securities in its portfolio. The top 10 holdings constitute 49.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
ARK Next Generation Internet ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. ARK Next Generation Internet ETF has 7.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 84.8% There is 7.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). ARK Next Generation Internet ETF has 0.2% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $1 billion average for the Mid-Cap Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ARKW Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The ARK Next Generation Internet ETF expense ratio is above average compared to funds in the Mid-Cap Growth category. ARK Next Generation Internet ETF has an expense ratio of 0.76%, which is 46% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. ARK Next Generation Internet ETF has a portfolio turnover rate of 44%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 168% for the Mid-Cap Growth category.
Recently, in the month of June 2026, ARK Next Generation Internet ETF returned -5.4%, which earned it a grade of F, as the Mid-Cap Growth category had an average return of 2.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
ARK Next Generation Internet ETF has a trailing yield of 1.62%, which is above the 0.38% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
ARK Next Generation Internet ETF Grades
Year to date, the ETF has returned -1.7%, 18.4 percentage points worse than the category, which translates into a grade of F. The fund has returned -0.2% over the past year (grade of F), 35.9% over the past three years (grade of A) and -0.4% per year over the past five years (grade of F) and 23.0% per year over the past 10 years (grade of A).
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ARKW Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ARKW Return (NAV) | -5.4% | 20.3% | -0.2% | 35.9% | -0.4% | 23.0% |
| ARKW Return (Price) | -5.3% | 20.1% | -0.3% | 35.9% | -0.4% | 23.0% |
| NAV +/- Price Return | -0.067% | 0.164% | 0.192% | 0.028% | 0.001% | -0.008% |
| Mid-Cap Growth Avg | 2.6% | 19.9% | 24.9% | 19.0% | 5.5% | 13.3% |
| ARKW Grade (NAV) | F | B | F | A | F | A |
| +/- Category (NAV) | -8.0% | 0.4% | -25.0% | 16.9% | -5.9% | 9.7% |
| ARKW Tax-Cost Ratio | na | na | 0.6% | 0.2% | 0.3% | 0.6% |
ARKW Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ARKW Return (NAV) | -1.7% | 38.7% | 42.3% | 97.0% | -67.5% | -16.7% | 157.1% | 35.8% | 4.5% | 87.2% | 8.7% |
| ARKW Return (Price) | -1.9% | 38.9% | 42.3% | 96.9% | -67.5% | -16.7% | 157.5% | 35.8% | 4.2% | 87.3% | 8.3% |
| NAV +/- Price Ret | 0.129% | 0.006% | -0.000% | -0.001% | -0.000% | 0.003% | 0.003% | -0.1% | -7.7% | 0.2% | -4.7% |
| Mid-Cap Growth Avg | 16.7% | 11.5% | 20.5% | 23.6% | -30.6% | 9.4% | 50.3% | 29.2% | -8.2% | 29.5% | 7.9% |
| ARKW Grade (NAV) | F | A | A | A | F | F | A | A | A | A | B |
| +/- Category | -18.4% | 27.2% | 21.7% | 73.3% | -36.9% | -26.0% | 106.8% | 6.6% | 12.7% | 57.7% | 0.9% |
| Risk Measures | |
| Beta: | 2.34 |
| R-Squared: | 62% |
| Standard Deviation: | 38.7% |
| Category Risk Index: | 1.88 |
| Category Risk Rating: | High |
| Total Risk Index: | 3.18 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 1,675 Mil |
| Share Class Assets: | $ 1,675 Mil |
| Turnover: | 44.0% |
| Expense Ratio: | 0.76% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 11.8 years | |||
| Average Tenure: 11.8 years | |||
| Managers (Year): Wood Catherine (2014) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 49.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 7.8% |
Portfolio Allocation |
|
| Domestic Stock: | 84.8% |
| Foreign Stock: | 7.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 7.3% |
| Cash: | 0.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | ARK ETF Trust |
| Phone Number: | 727-810-8160 |
| Website: | www.ark-funds.com |
| Inception Date: | September 30, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.76% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.52% |
