How you can beat ARK Innovation’s longer-term return with less risk

You can do just as well or better than the ARK Innovation ETF ARKK over the longer term while nevertheless incurring significantly less risk. That’s important for traders to bear in mind since over the past three weeks this ETF has produced an extraordinary return.

Since the stock market’s low on Oct. 27, the ARK Innovation ETF has soared 26.1%, versus 11.7% for the Invesco QQQ ETF, QQQ, which is benchmarked to the tech-heavy Nasdaq 100 NDXindex. A three-week return that high has not surprisingly begun to attract return-chasing…