Can ARKit do marker tracking similar to vuforia?

I am trying to create an AR app that uses physical markers (such as a sticker or QR code) and overlaying a 3D asset on top of the marker similiar to vuforia. As the camera moves, the orientation of the asset would need to stay relative to the marker. Is ARKit able to accomplish this? I have read that ARKit 1.5 has some image recognition, but I'm not quite sure of its full capabilities.