etf.com has data on fund flows. I used the data for ARKK and simulated how the average investor in ARKK would have fared compared with investing in a Total Market ETF.
I imported every daily net fund flow in Portfolio Performance and invested it into VTI or ARKK based on historic prices from yahoo finance.
I didn't include any Dividends. However that doesn't change much because most of the fund flows occurred in the last two years.
The annualized true time weighted rate of return for ARKK is a very high 28.1% compared with 11.6% for the Total Market. However the average dollar invested in ARKK did worse than if it were invested into a total market ETF.
The IRR for ARKK is 21.6% while the IRR for VTI is 25.1%.
Here is the result, value is in million USD:
Submitted August 20, 2021 at 10:35AM by XorFish https://ift.tt/3mknNfO
