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ARKK ETF by Cathie Wood saw highs of nearly 400% during pandemic boom in 2020 but dropped nearly 80% in Feb 2021 peak. Recently surged 50% in last 3 months, outperforming S&P 500.
Amid the pandemic in 2020, Cathie Wood's Ark Innovation ETF (NYSE: ARKK) experienced a remarkable surge, reaching almost 400% from its March 2020 lows. However, by February 2021, the fund plummeted by nearly 80% due to escalating inflation and interest rates, impacting the demand for unprofitable growth stocks. Despite the significant decline, currently trading 50% below its peak in February 2021, ARKK has been experiencing a positive trend. In the last three months, it has surged by 50%, marking its most substantial rally since 2021, which is almost double the performance of the S&P 500 tracked by the Vanguard S&P 500 ETF (NYSE: VOO).