Cathie Wood, manager of the ARK Innovation ETF and 2020’s heavyweight champ portfolio manager has just given up an over 200% return advantage to the S&P 500. From its peak in February of last year, the ARK Innovation ETF is down 57%. On a three year basis, the ARK ETF is now trailing the S&P 500. Just another reminder not to invest on the basis of past performance.
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
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