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this year, with her funds outpacing the major market indexes. As of Oct. 31, the flagship Ark Innovation ETF (ARKK) is up 54.5% year to date, far outpacing the S&P 500’s gain of 16.3%.Wood's remarkable 153% return in 2020 helped build her reputation and attract loyal followers. Her strategy can lead to sharp gains during bull markets but also painful losses, as seen in 2022, when ARKK dropped by more than 60%.Those swings have weighed on her long-term results. As of Oct. 31, the Ark Innovation ETF has delivered a five-year annualized return of 0.09%, while the S&P 500 has an annualized return of 17.64% over the same period, according to data from Morningstar.In the five days through Oct. 30, the Ark Innovation ETF saw about $1.5 billion in net outflows. Image source: Fallon/AFP via Getty ImagesWood’s investment strategy is straightforward: Her Ark ETFs typically target emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics.She believes these companies have the potential to reshape industries and bring outsized long-term returns, but their volatility leads to big fluctuations in Ark funds' values.Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & incomeOver the 10 years ending in 2024, the Ark Innovation ETF wiped out $7 billion in investor wealth, according to an analysis by Morningstar’s analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott’s ranking.Still, Wood has been bullish on the market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks."We think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms, including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said.Not all investors share this optimism. In the five days through Oct. 30, the Ark Innovation ETF drew about $1.5 billion in net outflows, according to ETF research firm VettaFi.On Oct. 30, the Ark funds sold 13,651 shares of Advanced Micro Devices (AMD), valued at about $3.5 million.That move followed her sale of 78,536 AMD shares between Oct. 22 and 24.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,840.20 +17.86 (+0.26%)Dow 3047,562.87 +40.75 (+0.09%)Nasdaq23,724.96 +143.81 (+0.61%)Russell 20002,479.38 +13.43 (+0.54%)VIX17.44 +0.53 (+3.13%)Gold3,996.50 -19.40 (-0.48%)PortfolioSign in to access your portfolioSign inTop gainersBHF Brighthouse Financial, Inc. 57.07 +11.38 (+24.91%)ILMN Illumina, Inc. 123.54 +24.53 (+24.78%)TWLO Twilio Inc. 134.88 +22.02 (+19.51%)TVTX Travere Therapeutics, Inc. 35.16 +5.51 (+18.58%)BFAM Bright Horizons Family Solutions Inc. 109.23 +16.95 (+18.37%)Top losersATGE Adtalem Global Education Inc. 98.02 -43.75 (-30.86%)SPSC SPS Commerce, Inc. 82.24 -21.65 (-20.84%)TBBK The Bancorp, Inc. 65.37 -11.83 (-15.32%)DXCM DexCom, Inc. 58.22 -9.98 (-14.63%)ABR Arbor Realty Trust, Inc. 10.09 -1.46 (-12.64%)Most activeNVDA NVIDIA Corporation 202.49 -0.32 (-0.16%)AMZN Amazon.com, Inc. 244.22 +21.36 (+9.58%)PFE Pfizer Inc. 24.65 +0.36 (+1.48%)OPEN Opendoor Technologies Inc. 7.77 +0.43 (+5.86%)ONDS Ondas Holdings Inc. 6.44 +0.15 (+2.38%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 110,029.86 +651.16 (+0.60%)ETH-USD Ethereum USD 3,869.37 +25.83 (+0.67%)BRK-B Berkshire Hathaway Inc. 477.54 -0.98 (-0.20%)XRP-USD XRP USD 2.50 -0.00 (-0.06%)BRK-A Berkshire Hathaway Inc. 715,740.00 -2,182.00 (-0.30%)Top economic events