Cathie Wood’s ARKK fund, launched on October 31, 2014, has delivered a cumulative return of 318% since inception, far below the S&P 500’s 367% and BTC’s 23,214%. The fund peaked at $159.70 per share on February 16, 2021 and has lost 46% of its value since that date, while the S&P 500 gained 65%. Morningstar ranked ARK Investments as the worst fund family for shareholder value destruction over the decade through 2023, with estimated losses of $14.3 billion. In 2022 alone, the fund fell 67%, and over the past five years, it has declined 28% versus a 72% rally for the S&P 500.
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