ARKK is the embodiment of the day trader army LMAO. People who think Tesla will generate 500B a year of robotaxi revenue by 2025 aren't exactly conservative institutional investors...

Up until 2021, the TSLA to ARKK correlation of coefficient was 0.9923! [0] I have always seen ARKK being mentioned with TSLA. Aside from it being mentioned in crappy posts that were trying to pump and dump shitty stocks. It is a freaking ETF they have other investments. But it is not your traditional ETF because it is volatile af.

They have bought into hype stocks into bad prices [1]. Roku, ZM, TDOC, CRISPR, SPOT, SHOP, DKNG, RBLX. All of these hype stocks. Very little reasoning behind valuation but they paid for it. ARKK is a terrible terrible metric for anything.

[0] https://www.buyupside.com/alphavantagelive/stockcorrelationc...

[1] https://cathiesark.com/arkk/complete-holdings

Hmm.. TSLA Institutional Shares (Long) 528,735,629 - 51.04%

The point of the article is that they compare the meme stocks to the stock market as a whole. And the meme stocks are doing much worse.

Isn't ARKK essentially a meme stock aggregator, tho?

exactly

meme stocks are just a segment of a market, more riskier one of course, but still a part of the market

if you were looking at DOW or S&500 for past couple months it’s nothing but losses

> if you were looking at DOW or S&500 for past couple days it’s nothing but losses

So? The article is about the past 2 years, not the past 2 days.

You could pick any short time period in the past few years that would make meme investors look good compared to the total market. But if you zoom out to a two year period, it's clear the meme investors underperformed.

> But if you zoom out to a two year period, it's clear the meme investors underperformed.

TSLA is still up from 2 years ago by ~380% (May 8th 2020 - May 9th 2022). I know that exceptions tend to prove the rule, but here is at least one just off the top of my head.

TSLA isn’t totally a meme thing though. Say what you will, but Tesla has a better future than Game Stop.

Oh, totally agreed. Sorry, i guess i misunderstood what being a meme stock meant. I assumed it was being really volatile on a semi-regular basis and being very hyped on WSB, all while being prominently hated and loved by all sides at the sime and featured heavily in the media.

If we are talking pure meme stocks without much substance (but much of cultism), GME definitely takes the cake, TSLA is indeed not even close.

Ha, it’s not exactly a scientific definition, I think Tesla is a bit meme-y, just not 100% meme-y.