Reported 4 months ago
As the S&P 500 continues to reach all-time highs, investors are questioning the performance of Cathie Wood's Ark Innovation ETF, which has been struggling recently. Despite Wood's past success, the ETF has faced significant losses in recent years, with 2024 showing a 19% decline year-to-date. Wood's focus on disruptive innovation has led to missing out on gains from major trends like artificial intelligence, with some key holdings like Tesla and Roku experiencing significant drops. Investors considering alternatives may look into ETFs like the Invesco QQQ Trust and Vanguard Growth ETF, which have outperformed ARK Innovation and have lower expense ratios.
Source: YAHOO