Ark Invest 's flagship Disruptive Innovation ETF has fallen 32% from its record high in February.- Detailed below are the five
stocks that helped drive the decline in the tech-focused ETF managed byCathie Wood . - Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
The reflation trade out of growth and into cyclicals in anticipation of a reopened economy has damaged the flagship ETF managed by Cathie Wood's Ark Invest.
The ARK Disruptive Innovation ETF has declined 32% since its peak at $160 in mid-February. The ETF is down 13% year-to-date, a flip from its 2020 return of nearly 150%.
Despite the negative returns for the ETF in 2021, investors are not backing down from investing alongside Wood, as $6.7 billion has flowed into the ETF year-to-date, according to fund flow data from ETF.com. The ARK ETF still has more than $21 billion in assets under management.
Detailed below are the five stocks that helped drive the decline in the tech-focused ETF managed by Cathie Wood, based on Thursday afternoon prices.
5. Square
Ticker: SQ
Decline from peak: 20%
% of ARKK ETF: 4.66%
4. Tesla
Ticker: TSLA
Decline from peak: 26%
% of ARKK ETF: 10.77%
3. Shopify
Ticker: SHOP
Decline from peak: 28%
% of ARKK ETF: 3.66%
2. Roku:
Ticker:ROKU
Decline from peak: 42%
% of ARKK ETF: 4.79%
1. Teladoc
Ticker: TDOC
Decline from peak: 50%
% of ARKK ETF: 6.37%