ARKW vs SPY: Holdings Overlap
ARKWARK Next Generation Internet ETF
ARK · 42 holdings · $1.7B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (ARKW: 2026-04-30, SPY: 2026-08-06). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are ARKW and SPY?
ARK Next Generation Internet ETF (ARKW, by ARK) holds 42 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 16 holdings in common, and by portfolio weight the two funds are 16.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 16ARKW holds 42 · SPY holds 504
- Weight in Shared Holdings
- ARKW 51%·SPY 24%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in ARKW
26 of 42 positions (48.7% of the fund) are not held by SPY.
Sector Breakdown
| Sector | ARKW | SPY |
|---|---|---|
| Information Technology | 39.5% | 37.6% |
| Financials | 18.1% | 12.3% |
| Consumer Discretionary | 17.3% | 9.3% |
| Communication Services | 16.6% | 9.7% |
| Health Care | 0.0% | 8.9% |
| Other Sectors | 0.0% | 22.1% |
| Unclassified | 8.4% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (8% of ARKW, 0% of SPY).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| ARKW | +0.5% | +0.1% | -4.8% | +34.6% | +0.7% | +22.3% | 1.59% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in ARKW vs SPY →
Shared Holdings(16)
The top 10 shared positions account for 97% of the overlap, led by AMZN, GOOG and AVGO.
 AMZNAmazon.com, Inc. COM | 4.20% | 4.02% | 4.02% |
|---|---|---|---|
 GOOGAlphabet Inc. CAP STK CL C | 3.93% | 2.54% | 2.54% |
 AVGOBroadcom Inc COM | 2.34% | 3.00% | 2.34% |
 METAMeta Platforms, Inc., Class A | 2.16% | 1.95% | 1.95% |
 TSLATesla Inc COM | 8.62% | 1.36% | 1.36% |
 AMDAdvanced Micro Devices Inc. COM | 8.81% | 1.20% | 1.20% |
 NVDANVIDIA Corp. COM | 1.08% | 8.00% | 1.08% |
 PLTRPalantir Technologies, Inc., Class A | 2.82% | 0.54% | 0.54% |
 NFLXNetflix, Inc. COM | 1.33% | 0.47% | 0.47% |
 CRWDCrowdstrike Holdings, Inc., Class A | 1.80% | 0.32% | 0.32% |
 DASHDoorDash, Inc., Class A | 0.98% | 0.12% | 0.12% |
 DDOGDatadog, Inc., Class A | 1.47% | 0.11% | 0.11% |
 HOODRobinhood Markets, Inc., Class A | 4.64% | 0.11% | 0.11% |
 ABNBAirbnb, Inc., Class A | 0.56% | 0.10% | 0.10% |
 XYZBlock, Inc., Class A | 2.83% | 0.06% | 0.06% |
 COINCoinbase Global, Inc., Class A | 3.73% | 0.05% | 0.05% |
Frequently Asked Questions
How much do ARKW and SPY overlap?
ARKW and SPY overlap by 16.4% of portfolio weight. They share 16 holdings (ARKW holds 42 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ARKW and SPY?
The two portfolios are 16.4% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ARKW and SPY?
The largest positions held by both funds are AMZN, GOOG, AVGO, META and TSLA. Together the top 10 shared positions account for 97% of the total overlap.
What does ARKW own that SPY doesn't?
26 positions (48.7% of ARKW) are unique to ARKW, led by ARKB, SHOP and ROKU. In the other direction, 488 positions (76.0% of SPY) are unique to SPY.