SARK, the anti-Cathie Wooden ETF, has returned over 100% in its first 12 months of buying and selling

Within the difficult funding panorama of the previous 12 months, one funding technique has achieved exceptionally properly: betting towards Cathie Wooden, the technology- and innovation-focused investor who grew to become a star amid the growth of 2020 and 2021 however has seen robust occasions within the present market.

The AXS Quick Innovation Every day ETF (NASDAQ:SARK), which shorts the holdings of Wooden’s flagship ARK Innovation ETF (NYSEARCA:ARKK), celebrated its first full 12 months of operation over the weekend. And since its inception, SARK has returned 116%.

SARK’s triple-digit outcomes have come as ARKK declined by 64%, because the innovation shares favored by Wooden have been dragged down by rising rates of interest, mounting recessionary fears and a change in traders tastes away from extra speculative investments.

Over the identical time period, the broader S&P 500 (SP500) got here down by 20%.

Even with the current outcomes, Wooden has continued to draw traders. Sufficient whereas ARKK has misplaced about two-thirds of its worth over the previous three hundred and sixty five days, the funding group nonetheless poured $563.67M into the ETF. In the meantime, SARK has solely acquired $153.58M.

Knowledge is per ETF.com.

SARK’s positive factors have additionally been equally disbursed for essentially the most half because the alternate traded fund ended up within the inexperienced in 9 of its 12 buying and selling months.

On Monday SARK is +1.5% and ARKK is -1.5%.

Moreover, Wooden’s ARKK shouldn’t be the one one among her ETFs to wrestle this 12 months. Her different actively managed funds (ARKW) is -64.1% YTD. Furthermore, (ARKG) is -50.1%, (ARKF) -62.8%, (ARKQ) -43.8%, and (ARKX) -31.6%.

In different ARKK associated information, Wooden is bullish on Elon Musk’s Twitter takeover as she sees this as a transfer to show the social media platform into an excellent app.