With 2024 drawing to a close, investors are likely wondering which Cathie Wood ETF has been the best-performing for the year. Ark Invest has been busy recently, trimming positions in some leading tech companies and stocking up on others. The famed investor, known for buying beaten-down tech stocks before they surge, has enjoyed an excellent year overall, with four out of her firm’s five actively managed ETFs displaying strong growth.
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Cathie Wood’s Winners and Losers
Out of the five Ark ETFs, the ARK Fintech Innovation ETF (ARKF) has been the best performing so far in terms of percentage change. TipRanks’ ETF Comparison tool enables the comparison of ETFs based on several parameters, including AUM (assets under management), funds flow, expense ratio, technicals, dividend analysis, and performance over different periods.
As of this writing, the ARK Fintech Innovation ETF is up 76.35% for the year. Close behind it is the ARK Next Generation Internet ETF (ARKW) with gains of 74.61%. The ARK Innovation ETF (ARKK) and ARK Autonomous Technology & Robotics ETF (ARKQ) have displayed more modest growth, up 36.59% and 33.67%, respectively. The worst performer by far has been the ARK Genomic Revolution ETF (ARKG), up only 3.36%.
The ARK Fintech Innovation ETF’s top position is in Coinbase (COIN), a stock that has surged 152% over the past year, accounting for 8.75% of its portfolio. Its next top holdings are Shopify (SHOP), up 62% for the year, and Block (SQ), up 80%. By contrast, ARKG has been dragged down by lackluster performances from two out of its three top holdings, Recursion Pharmaceuticals (RXRX) and Crispr Therapeutics (CRSP), which are only up 24% and 8% for the year.
Is the ARK Fintech Innovation ETF a Buy?
Wall Street is mostly bullish now just on the Ark Fintech ETF’s top holdings but on the entire fund. Analysts have a Strong Buy consensus rating on ARKF based on 28 Buys, eight Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 76% rally in its price over the past year, the average ARKF price target of $34.52 implies 10% upside potential.
