Cathie Wood's ARK Invest has faced criticism for underperforming the market, with $ARKK up only 5% in 2 years compared to NASDAQ's 61%. The S&P 500 has gained 76.9% in the past four years, while non-profitable tech stocks have dropped by 30.3%. Wood attributes the poor performance to 'mag-7' companies. The main ARK fund, $ARKK, saw a slight decrease, while the ARK Genetics fund, $ARKG, increased by 5.84%.