After enduring a brutal 80% drawdown from its February 2021 peak to the December 2022 low, Cathie Wood’s flagship fund was written off as “dead money” for the better part of three years. But something has changed. In 2025, ARK has jolted back to life, up 34% year to date, with price action that feels different.

Cathie Wood's Ark Invest exchange-traded funds hold stakes in some of the world's most innovative technology companies. Ark recently issued a forecast suggesting the logistics industry will be shaken up by autonomous vehicles,