At @RobinhoodApp's summit, an audience member questioned my credentials based on ARK’s performance relative to the Invesco QQQ Trust (QQQ). I welcome the question. Investors deserve to understand both their returns and the decisions behind them. My response focused on a distinction that often gets lost: the ARK Innovation ETF ($ARKK) and QQQ are built differently. QQQ tracks the Nasdaq-100 Index. At ARK, we actively invest in companies we believe are driving disruptive innovation across industries, from healthcare to financial services and transportation. That creates a different portfolio, with different exposures and risks. Investors should compare returns against alternatives. They should also understand what they own, why they own it, and whether the strategy fits their objectives. A different mandate doesn’t remove accountability for performance. It provides essential context for evaluating it. I’ve shared my response in the video below. Learn about ARKK: