ARKX vs. HIPS ETF Comparison
Comparison of ARK Space Exploration & Innovation ETF (ARKX) to Master Income ETF (HIPS)
ARKX
ARK Space Exploration & Innovation ETF
ARKX Description
The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.
Grade (RS Rating)
Last Trade
$18.83
Average Daily Volume
72,205
25
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.Grade (RS Rating)
Last Trade
$13.16
Average Daily Volume
31,726
37
Performance
| Period | ARKX | HIPS |
|---|---|---|
| 30 Days | 13.91% | 3.55% |
| 60 Days | 19.63% | 1.87% |
| 90 Days | 22.75% | 3.35% |
| 12 Months | 33.72% | 20.42% |
0 Overlapping Holdings
| Symbol | Grade | Weight in ARKX | Weight in HIPS | Overlap |
|---|
ARKX Overweight 25 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| KTOS | B | 9.84% | |
| RKLB | B | 9.73% | |
| IRDM | D | 8.3% | |
| AVAV | D | 7.36% | |
| TRMB | B | 6.82% | |
| TER | D | 5.43% | |
| LHX | C | 4.58% | |
| AMZN | C | 3.85% | |
| PLTR | B | 3.78% | |
| ACHR | B | 3.22% | |
| BLDE | D | 3.2% | |
| GRMN | B | 2.77% | |
| DE | A | 2.28% | |
| JOBY | B | 2.2% | |
| GOOG | C | 2.13% | |
| PRNT | B | 1.77% | |
| HEI | B | 1.56% | |
| HON | B | 1.42% | |
| TDY | B | 1.36% | |
| PATH | C | 1.25% | |
| SNPS | B | 1.2% | |
| LMT | D | 1.2% | |
| AMD | F | 1.12% | |
| ANSS | B | 0.99% | |
| DDD | C | 0.77% |
ARKX Underweight 37 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | -2.79% | |
| LTC | B | -2.79% | |
| JQC | A | -2.78% | |
| JFR | A | -2.75% | |
| ARCC | A | -2.72% | |
| ET | A | -2.68% | |
| SLRC | A | -2.66% | |
| FSK | A | -2.65% | |
| EFT | A | -2.64% | |
| EPD | A | -2.64% | |
| FCT | A | -2.63% | |
| FDUS | A | -2.62% | |
| BXSL | A | -2.62% | |
| BLW | B | -2.6% | |
| MPLX | A | -2.6% | |
| DMLP | A | -2.6% | |
| GTY | B | -2.59% | |
| CQP | B | -2.56% | |
| GBDC | C | -2.55% | |
| NBB | D | -2.54% | |
| KRP | B | -2.53% | |
| DSU | B | -2.52% | |
| ALX | D | -2.49% | |
| PAA | B | -2.48% | |
| SBRA | C | -2.48% | |
| WES | C | -2.48% | |
| GLPI | C | -2.48% | |
| OHI | C | -2.46% | |
| USAC | B | -2.44% | |
| BSM | B | -2.44% | |
| PK | B | -2.41% | |
| EPR | D | -2.28% | |
| NMFC | D | -2.26% | |
| GSBD | F | -2.2% | |
| NNN | D | -2.18% | |
| NHS | D | -2.02% | |
| GNL | F | -1.83% |
ARKX: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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