How Cathie Wood Sent ARK Innovation on a Wild Roller-Coaster Ride

Core Insights - The ARK Innovation ETF, founded by Cathie Wood, aims to provide actively managed portfolios of volatile stocks, which can lead to significant fluctuations in performance [2][3] - The fund achieved remarkable returns, including an 87% increase in 2017 and a staggering 153% in 2020, but also faced substantial losses, such as a 23% decline in 2021 [3][4][5] Performance Overview - In 2017, ARK Innovation ETF delivered an 87% return, outperforming the S&P 500's 22% return [3] - The fund maintained a strong performance in 2019 with a 36% increase, aligning with the broader market's positive trend [3] - The year 2020 marked a peak for the fund, with a 153% return driven by the pandemic's push for digital transformation across industries [4] - However, in 2021, the fund experienced a 23% loss as some technology stocks lost momentum, contrasting sharply with the S&P 500's 29% gain [5]