Rebecca Blackwell/AP
- Early this year Cathie Wood hailed her flagship fund as the "new Nasdaq."
- However, her Ark Innovation Fund has sharply underperformed the Nasdaq 100 despite big gains for tech stocks.
- The ARKK ETF's underperformance reflects declines in some of its biggest holdings such as Tesla and Zoom.
Cathie Wood is no stranger to making big, bold statements.
The famed investor's aggressive predictions include those for bitcoin to surge as high as $1.5 million, and Tesla to jump 10-fold to $2,000 a share.