The ARK Innovation ETF (ARKK) got a strong start out the gate this year and was up over 25% YTD at its high on February 12th. Since then the high flying momentum ETF has seen that strong performance wane as it currently sits on a 5% loss year to date. That is also not to say ARKK hasn’t rallied off of its recent lows. ARKK bottomed just over a month ago and has gone on to rally 17.5% since then. Today alone it is up 3.2%. While this momentum trade is bouncing back after a string of weakness, the opposite is true for value. The iShares S&P 500 Value ETF (IVE) has been on a steady rise higher all year and it is currently up 14.26% YTD, but that uptrend is now at risk as the ETF has reversed lower this month. Today the ETF is down 1.3%, and when compared to ARKK, it is a historically wide divergence in the two ETFs’ daily performance. In fact, the spread between the daily performance of ARKK and IVE is currently 4.55 percentage points. That is the tenth highest level on record with the most recent higher reading being in March of this year.