Whatever Cathie Wood is buying in the recent past is losing money.
Using her metrics, she is taking exception to yearly performance metrics performance standards as it applies to all investments.
It seems to me as whatever she is choosing to buy for her ETFs ARKK & ARQK have lost about 54% of their value on a yearly basis last year. Buying whatever she is selling probably would make to me for profits, lol.
While my own diversified portfolio account declined about 8%-10%. I have a diversified portfolio of about 18-20 company stocks. They include, PLTR, TSLA, DIS, AMAT and some penny stock, etc.
Her excuse is that she considers her investing for long term- like for a period of 5 years... intending to make a min. of 15-20% per year for that entire period of 5 years.
She makes her own special rules and standards. She claims her research team is the best in the investment community consisting leading "disruptive" companies of the future.
C'est La Vie!