The website media click-bait articles continue with the media spat between Michael Burry and Cathie Wood of ARKK ETF. The ARKK ETF had a great year in 2020. No one is questioning that. In 2021, The ARKK ETF is way under-performing. So, the performance record, of the ARKK, may prove to be spotty at best. The Wood Method of personal stock picking, based on what she thinks is cool, may prove to be a one-off. What the click-bait articles do not do, is analyze the price performance of the ARKK ETF. So here is analysis of the ETF compared to the SPDR S&P 500 Index ETF.
Relative Strength Moving Average vs. The SPDR S&P 500 Index ETF (SPY)
| RSMA | % |
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|---|---|---|---|---|---|
| 10 Day | 1.6 | ||||
| 21 Day | -0.6 | ||||
| 50 Day | -3.5 |
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| 200 Day | -12.4 |
The under-performance of The ARKK relative to the Nasadaq 100 Index ETF (QQQ) is even more dramatic.
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