Over the past month, the ARK Innovation ETF (NYSEArca: ARKK), the benchmark for disruptive growth exchange traded funds, is higher by 9%. “This has pressured value-related inflationary trades like energy and in turn given investors the green light to get back into growth stocks.” Possible Paths for 10-Year Yields ARKK is sporting a modest year-to-date loss, a sharp improvement from the double-digit decline it was saddled with as recently as May. While there's work to be done to reclaim previous highs, ARKK could have some tailwinds in addition to a waning reflation trade.