JOHANNES EISELE/AFP via Getty Images
- Ark Invest's flagship Disruptive Innovation ETF has fallen 32% from its record high in February.
- Detailed below are the five stocks that helped drive the decline in the tech-focused ETF managed by Cathie Wood.
- Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
The reflation trade out of growth and into cyclicals in anticipation of a reopened economy has damaged the flagship ETF managed by Cathie Wood's Ark Invest.
The ARK Disruptive Innovation ETF has declined 32% since its peak at $160 in mid-February. The ETF is down 13% year-to-date, a flip from its 2020 return of nearly 150%.
Despite the negative returns for the ETF in 2021, investors are not backing down from investing alongside Wood, as $6.7 billion has flowed into the ETF year-to-date, according to fund flow data from ETF.com. The ARK ETF still has more than $21 billion in assets under management.
Detailed below are the five stocks that helped drive the decline in the tech-focused ETF managed by Cathie Wood, based on Thursday afternoon prices.
5. Square
Ticker: SQ
Decline from peak: 20%
% of ARKK ETF: 4.66%
Markets Insider
4. Tesla
Ticker: TSLA
Decline from peak: 26%
% of ARKK ETF: 10.77%
Markets Insider
3. Shopify
Ticker: SHOP
Decline from peak: 28%
% of ARKK ETF: 3.66%
Markets Insider
2. Roku:
Ticker:ROKU
Decline from peak: 42%
% of ARKK ETF: 4.79%
Markets Insider
1. Teladoc
Ticker: TDOC
Decline from peak: 50%
% of ARKK ETF: 6.37%
Markets Insider
NOW WATCH: Why scorpion venom is the most expensive liquid in the world
See Also:
- Ex-Ark analyst James Wang breaks down his bull case for Ethereum as its token breaches an all-time high of $3,300 — and explains why it could eventually reach $40,000
- 10 top crypto tokens, plus the rising stars of equity research
- An ex-hedge funder who managed Peter Thiel's money breaks down why passive investing has distorted the stock market — and shares the opportunity in a recent rule change for ETFs that could safeguard investors
