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  4. These 5 stocks have helped drive a 32% decline in Cathie Wood's Ark Invest flagship ETF

These 5 stocks have helped drive a 32% decline in Cathie Wood's Ark Invest flagship ETF

Matthew Fox   

These 5 stocks have helped drive a 32% decline in Cathie Wood's Ark Invest flagship ETF
  • 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 by Cathie Wood.
  • $4.

The $4 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 $4 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 $4 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: $4
Decline from peak: 20%
% of ARKK ETF: 4.66%

4. Tesla

Ticker: $4
Decline from peak: 26%
% of ARKK ETF: 10.77%

3. Shopify

Ticker: $4
Decline from peak: 28%
% of ARKK ETF: 3.66%

2. Roku:

Ticker:$4
Decline from peak: 42%
% of ARKK ETF: 4.79%

1. Teladoc

Ticker: $4
Decline from peak: 50%
% of ARKK ETF: 6.37%

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