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Data as of .

ARKK vs FDCF: which is really different?

ARKK and FDCF hold 10% of their weight in the same names, and ARKK returned more over the year.

ARK Innovation ETF and Fidelity Disruptive Communications ETF.

36.2%ARKK in the S&P 500
56.1%FDCF in the S&P 500
+6.1%ARKK total return, 1 year
+1.5%FDCF total return, 1 year

ETFIQ Off-Index Score: ARKK scores higher

How much of it is not the index it is sold as an alternative to?

ARKK 19.1FDCF 10.20.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

ARKK64% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
36%64%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 86% · top ten 50% of the fund · 46 holdings filed Sep 18, 2026 · Nasdaq-100: 27% in36%64%inoutside the S&P 500active share 86% · top ten 50% of the fund
FDCF44% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
56%44%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 80% · top ten 56% of the fund · 38 holdings filed May 31, 2026 · Nasdaq-100: 46% in56%44%in the S&P 500outsideactive share 80% · top ten 56% of the fund

10% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, ARKK and FDCF hold 10% of their money in the same securities at the same weight.

Positions ARKK and FDCF both hold, largest shared weight first
HoldingARKKFDCF
NVIDIA CORP2.45%5.61%
AMAZON.COM INC2.31%5.42%
Only in each
Only in ARKKOnly in FDCF
TESLA INC 9.26%TAIWAN SEMICONDUCTOR MFG CO LTD 10.85%
SPACE EXPLORATION TECHN-CL A 6.37%ALPHABET INC 8.86%
TEMPUS AI INC-CL A 5.92%META PLATFORMS INC 6.18%
CIRCLE INTERNET GROUP INC 5.20%ARISTA NETWORKS INC 5.58%
COINBASE GLOBAL INC -CLASS A 4.67%WARNER BROS DISCOVERY INC 3.88%
CRISPR THERAPEUTICS AG 4.64%ROKU INC 3.87%
ROBINHOOD MARKETS INC - A 4.19%QUEBECOR INC 3.10%
TWIST BIOSCIENCE CORP 3.95%SEA LTD 2.74%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 21, 2026.

Performance, window by window

ARKK and FDCF over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
ARKKFDCFARKKFDCFARKKFDCF
3 months+10.0%+1.6%+7.8 pts−0.7 pts+12.5 pts+4.1 pts
6 months+27.6%+17.5%+9.6 pts−0.5 pts+3.4 pts−6.7 pts
1 year+6.1%+1.5%−10.5 pts−15.1 pts−15.7 pts−20.3 pts
3 years+112.5%+100.6%+34.1 pts+22.2 pts+14.4 pts+2.5 pts
Since launch+378.7%+101.0%+17.3 pts+17.6 pts−299.9 pts−2.9 pts
Open the live comparison on ETFIQ
ARKK and FDCF on the same fields, as of Sep 18, 2026. Source: ETFIQ.
ARKK
ARK Innovation ETF
Holds 46 stocks in broad innovation and megatrends, 36% of its weight in S&P 500 companies
FDCF
Fidelity Disruptive Communications ETF
Holds 38 stocks in broad innovation and megatrends, 56% of its weight in S&P 500 companies
IssuerARKFidelity
ThemeBroad innovation and megatrendsBroad innovation and megatrends
In the S&P 50036.2%56.1%
Active share vs the S&P 50085.7%79.8%
In the Nasdaq-10027.3%45.7%
Holdings4638
Top ten, share of the fund49.7%56.1%
Expense ratio0.75%0.50%
Fee for the differing part0.88%0.63%
Total return, 1 year+6.1%+1.5%
vs the S&P 500−10.5 pts−15.1 pts
vs the Nasdaq-100−15.7 pts−20.3 pts
Below its high−42.9%−2.0%
Net assets$9.3bn$101m

ARKK in plain words

By weight, 36% of ARKK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 50% of the fund across 46 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned +6.1% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 10.5 pts. It sits 42.9% below its all-time high of Feb 12, 2021.

FDCF in plain words

By weight, 56% of FDCF's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 80%. The top ten holdings are 56% of the fund across 38 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned +1.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 15.1 pts.

Questions people ask

Do ARKK and FDCF hold the same stocks?
By their latest filings, 10% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ARKK or FDCF?
ARKK has 36% of its weight in S&P 500 names and FDCF has 56%, so ARKK differs more from the index.
Which is cheaper, ARKK or FDCF?
ARKK charges 0.75% a year and FDCF charges 0.50%, so FDCF is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ARKK against FDCF, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ARKK against FDCF, data as of Sep 18, 2026. https://etfiq.com/compare/themes/arkk-vs-fdcf Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources