ARK Innovation ETF vs Bank of New York Mellon Corp — how do they compare? ARK Innovation ETF trades at $81.35, while Bank of New York Mellon Corp trades at $161.36 (market cap $108.78B). The key difference: Bank of New York Mellon Corp pays a 1.38% dividend while ARK Innovation ETF pays none, and Bank of New York Mellon Corp is trading nearer its 52-week high, ARK Innovation ETF nearer its low. Which is the better fit depends on your goals.
| ARKK | BNY | |
|---|---|---|
52-Week High | $92.50 | $162.35 |
52-Week Low | $63.52 | $101.00 |
Market Cap | — | $108.78B |
Sector | — | Financials |
Dividend Yield | — | 1.38% |
Trailing returns across standard periods
Latest headlines on both assets
The fund will invest under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund’s investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. The fund may invest in foreign securities listed on foreign exchanges as well as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The fund is non-diversified.
Read more on ARKK →BNY Mellon is a global investment company involved in managing and servicing financial assets throughout the investment lifecycle. The bank provides financial services for institutions, corporations, and individual investors and delivers investment management and investment services in 35 countries and more than 100 markets. BNY Mellon is the largest global custody bank in the world, with about $41.1 trillion in under custody and administration (as of Dec. 31, 2020), and can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute, or restructure investments. BNY Mellon's asset-management division manages about $2.2 trillion in assets.
Read more on BNY →