ARKK
Price
$90.85
Change
+$2.62 (+2.97%)
Updated
Sep 21, 04:59 PM (EDT)
Net Assets
7.98B
Intraday BUY SELL Signals
FAD
Price
$183.71
Change
+$2.54 (+1.40%)
Updated
Sep 21, 04:59 PM (EDT)
Net Assets
597.17M
Intraday BUY SELL Signals
IWP
Price
$139.51
Change
+$2.43 (+1.77%)
Updated
Sep 21, 04:59 PM (EDT)
Net Assets
19.26B
Intraday BUY SELL Signals
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ARKK or FAD or IWP

ARKK vs FAD vs IWP Comparison Chart in %
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A.I.Advisor
Sep 02, 2026

Which ETF would AI Choose? ARK Innovation ETF (ARKK) vs. First Trust Multi Cap Growth AlphaDEX Fund (FAD) vs. iShares Russell Mid-Cap Growth ETF (IWP)

Key Takeaways

  • ARKK employs an active thematic strategy focused on disruptive innovation, resulting in higher concentration and elevated expense ratio compared to the passive approaches of FAD and IWP.
  • FAD uses a rules-based AlphaDEX methodology to select multi-cap growth stocks, offering broader diversification with approximately 670 holdings versus ARKK's roughly 45.
  • IWP provides the lowest-cost passive exposure to mid-cap growth equities through the Russell Midcap Growth Index, with an expense ratio of 0.23% and around 280 holdings.
  • Sector exposures overlap in technology and healthcare but differ markedly in allocation depth, with ARKK showing pronounced thematic tilts toward fintech and biotechnology.
  • Structural differences in management style—active versus smart beta versus traditional passive—drive variations in risk profiles, rebalancing frequency, and sensitivity to innovation cycles.
  • Positioning favors IWP for cost efficiency and broad market representation, while ARKK suits investors seeking concentrated thematic exposure and FAD balances growth selection with multi-cap breadth.

Introduction

ARKK, FAD, and IWP each target growth-oriented equities yet pursue distinct strategies that make them relevant for comparison in the current market environment. ARKK follows an active thematic mandate centered on disruptive innovation. FAD applies a quantitative AlphaDEX (a rules-based stock selection and weighting system) approach to multi-cap growth securities. IWP tracks a standard market-cap-weighted index of mid-cap growth companies. These differences in construction, cost structure, and exposure breadth allow investors to evaluate trade-offs between concentrated thematic bets, systematic growth factor tilts, and diversified passive mid-cap participation.

ARK Innovation ETF (ARKK) Overview

The ARK Innovation ETF is an actively managed fund that seeks long-term capital appreciation by investing primarily in equity securities of companies relevant to disruptive innovation themes, including genomics, fintech, and autonomous technologies. It typically holds 35 to 55 securities. Recent top holdings include TSLA, TEM, Space Exploration Technologies, CRSP, and COIN. Sector allocations emphasize information technology, healthcare, consumer discretionary, and financials. The expense ratio stands at 0.75%. The fund rebalances actively based on ARK Investment Management's research process rather than a fixed schedule, resulting in a non-diversified portfolio with elevated concentration risk.

First Trust Multi Cap Growth AlphaDEX Fund (FAD) Overview

The First Trust Multi Cap Growth AlphaDEX Fund is a passively managed exchange-traded fund that seeks to track the Nasdaq AlphaDEX Multi Cap Growth Index. The index employs a quantitative methodology to select and weight growth stocks across large-, mid-, and small-capitalization segments. The fund maintains approximately 670 holdings. Top positions are relatively small individually, reflecting broad diversification. Sector weights feature industrials, information technology, healthcare, and consumer discretionary. The expense ratio is 0.63%. Rebalancing occurs quarterly in line with the underlying index methodology, providing systematic exposure without active manager discretion.

iShares Russell Mid-Cap Growth ETF (IWP) Overview

The iShares Russell Mid-Cap Growth ETF is a passively managed fund designed to track the Russell Midcap Growth Index, which measures the performance of U.S. mid-capitalization growth stocks. It holds approximately 280 securities. Holdings are market-cap weighted within the index criteria, resulting in lower individual concentration. Prominent sectors include industrials, consumer discretionary, information technology, and healthcare. The expense ratio is 0.23%. The fund rebalances periodically to maintain alignment with the index, delivering straightforward, rules-based exposure to mid-cap growth equities.

Industry and Thematic Landscape

The growth equity space encompassing technology, healthcare innovation, and industrials remains influenced by capital flows into artificial intelligence, biotechnology advancements, and infrastructure spending. Regulatory developments around data privacy, cryptocurrency frameworks, and healthcare approvals continue to shape opportunities. Earnings trends among major technology and healthcare holdings reflect ongoing demand for digital transformation and precision medicine. Geopolitical factors, including supply-chain resilience and trade policies, introduce volatility across global supply chains. Sector risks include valuation compression in high-growth areas and potential shifts in monetary policy that affect growth-sensitive assets.

Performance and Positioning Comparison

In recent market cycles, ARKK has exhibited higher volatility and larger drawdowns due to its concentrated thematic bets and active rebalancing. FAD has delivered more moderate fluctuations through its diversified multi-cap selection process. IWP has shown steadier trend consistency aligned with broader mid-cap growth benchmarks. Performance differentials arise from structural variances: ARKK's active thematic focus amplifies sensitivity to innovation narratives, FAD's quantitative growth screen provides factor-based stability across capitalization tiers, and IWP's passive index tracking emphasizes broad market representation with lower turnover and cost drag.

AI Screener

Tickeron’s AI Screener is an AI-powered stock and ETF discovery tool that helps traders and investors filter the market based on technical patterns, fundamentals, trends, volatility, and AI-driven signals. Users can scan thousands of stocks and ETFs using customizable filters such as industry, market capitalization, technical indicators, price patterns, and performance metrics. The screener helps identify trade ideas, trending stocks, breakout candidates, and market opportunities more efficiently than manual screening. Investors seeking data-driven insights on growth-oriented ETFs may benefit from exploring the platform.

Tickeron AI Verdict

Based on observable structural attributes, Tickeron’s AI would currently assign the highest probabilistic favorability to IWP. Its lowest expense ratio, diversified holdings profile, and passive index methodology support superior cost efficiency and risk-adjusted positioning relative to the higher-cost active concentration of ARKK and the intermediate quantitative approach of FAD. This assessment rests on durable characteristics rather than short-term momentum.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations

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SUMMARIES
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FUNDAMENTALS
Fundamentals
IWP has more net assets: 19.3B vs. ARKK (7.98B) and FAD (597M). ARKK has a higher annual dividend yield than FAD and IWP: ARKK (14.704) vs FAD (11.992) and IWP (0.373). ARKK was incepted earlier than FAD and IWP: ARKK (12 years) vs FAD (19 years) and IWP (25 years). IWP (0.23) has a lower expense ratio than FAD (0.63) and ARKK (0.75). FAD has a higher turnover ARKK (43.00) and IWP (24.00) vs ARKK (43.00) and IWP (24.00).
ARKKFADIWP
Gain YTD14.70411.9920.373
Net Assets7.98B597M19.3B
Total Expense Ratio0.750.630.23
Turnover43.00110.0024.00
Yield0.000.100.35
Fund Existence12 years19 years25 years
TECHNICAL ANALYSIS
Technical Analysis
ARKKFADIWP
RSI
ODDS (%)
Bearish Trend 4 days ago
90%
N/A
Bearish Trend 4 days ago
79%
Stochastic
ODDS (%)
Bearish Trend 4 days ago
90%
Bullish Trend 4 days ago
88%
Bullish Trend 4 days ago
88%
Momentum
ODDS (%)
Bullish Trend 4 days ago
90%
Bearish Trend 4 days ago
74%
Bearish Trend 4 days ago
82%
MACD
ODDS (%)
Bearish Trend 4 days ago
90%
Bearish Trend 4 days ago
74%
Bearish Trend 4 days ago
81%
TrendWeek
ODDS (%)
Bullish Trend 4 days ago
90%
Bearish Trend 4 days ago
76%
Bearish Trend 4 days ago
82%
TrendMonth
ODDS (%)
Bullish Trend 4 days ago
88%
Bearish Trend 4 days ago
79%
Bearish Trend 4 days ago
84%
Advances
ODDS (%)
Bullish Trend 4 days ago
90%
Bullish Trend 4 days ago
80%
Bullish Trend 4 days ago
84%
Declines
ODDS (%)
Bearish Trend 6 days ago
89%
Bearish Trend 7 days ago
75%
Bearish Trend 7 days ago
81%
BollingerBands
ODDS (%)
N/A
Bullish Trend 4 days ago
86%
N/A
Aroon
ODDS (%)
Bullish Trend 4 days ago
85%
Bearish Trend 4 days ago
74%
Bearish Trend 4 days ago
87%
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ARKK
Daily Signal:
Gain/Loss:
FAD
Daily Signal:
Gain/Loss:
IWP
Daily Signal:
Gain/Loss:
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ARKK and

Correlation & Price change

A.I.dvisor indicates that over the last year, ARKK has been closely correlated with ACHR. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if ARKK jumps, then ACHR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ARKK
1D Price
Change %
ARKK100%
+1.51%
ACHR - ARKK
68%
Closely correlated
-2.59%
SE - ARKK
61%
Loosely correlated
+0.51%
FIRY - ARKK
60%
Loosely correlated
+0.49%
TWST - ARKK
59%
Loosely correlated
+7.35%
DDD - ARKK
56%
Loosely correlated
+2.54%
More

FAD and

Correlation & Price change

A.I.dvisor indicates that over the last year, FAD has been loosely correlated with CAT. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if FAD jumps, then CAT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FAD
1D Price
Change %
FAD100%
+0.16%
CAT - FAD
63%
Loosely correlated
+1.30%
WAB - FAD
58%
Loosely correlated
+0.51%
APO - FAD
52%
Loosely correlated
-0.07%
NTNX - FAD
45%
Loosely correlated
-0.24%
AMZN - FAD
44%
Loosely correlated
+1.00%
More

IWP and

Correlation & Price change

A.I.dvisor indicates that over the last year, IWP has been loosely correlated with ONTO. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if IWP jumps, then ONTO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IWP
1D Price
Change %
IWP100%
+0.13%
ONTO - IWP
64%
Loosely correlated
+5.36%
MKSI - IWP
63%
Loosely correlated
+4.93%
FIX - IWP
61%
Loosely correlated
+4.92%
DAL - IWP
60%
Loosely correlated
+0.24%
RMBS - IWP
59%
Loosely correlated
+2.01%
More